Banding & Pay Equity

What is the difference between a Pay Equity Plan and Pay Equity analysis/comparisons?
A Pay Equity Plan is formal document that outlines the major components and aspects of your Pay Equity project and includes (but is not limited to): Organi...
Thu, 25 Mar, 2021 at 9:49 AM
What is / How do I create an Optimized Pay Equity Analysis?
Description: An Optimized Pay Equity Analysis uses a series of algorithms and rules to test and identify a generally acceptable banding scenario that has l...
Thu, 25 Mar, 2021 at 2:11 PM
Does my Optimized Pay Equity Analysis change/re-analyse if my project inputs/data change?
Once an Optimized Pay Equity Analysis has been completed it will not change the banding scenario regardless of whether or not the project inputs are updated...
Thu, 25 Mar, 2021 at 2:11 PM
How do I change the name of banding scenario?
In the Banding table you can select the field with the name of the scenario you wish to change and simply make any edits required.  Everything is saved in r...
Thu, 25 Mar, 2021 at 2:35 PM
What does field "Project Updated Since Optimize" in the banding table mean?
"Project Updated Since Optimized" is only relevant to banding scenarios that were created using the  OPTIMIZE PAY EQUITY ANALYSIS  button.  If cha...
Thu, 25 Mar, 2021 at 2:41 PM
How do I change a banding scenario that I have already created?
You can change existing banding scenarios in 2 different ways. 1.  Clicking the  EDIT  button in the banding table associated to the banding scenario will ...
Thu, 25 Mar, 2021 at 2:47 PM
How do I Calculate PV (proportional value) from the band midpoint instead of using the actual point value of the female Job Class?
By default the Compensation Tool will always calculate proportional value (PV) based on the actual point total of the applicable female Job Class.  If you r...
Tue, 30 Mar, 2021 at 10:31 AM
How do I perform a Pay Equity Analysis on a created banding scenario?
To view a Pay Equity Analysis associated to a created banding scenario, click the  PAY EQUITY  button in the Banding Table associated to the banding solutio...
Tue, 30 Mar, 2021 at 10:39 AM
What is a Pay Equity analysis?
A Pay Equity analysis uses all of the provided data in the project to identify the most cost efficient Pay Equity comparators associated to your banding sol...
Tue, 30 Mar, 2021 at 10:53 AM
What is the difference between an optimized banding scenario Pay Equity analysis and other Pay Equity analyses?
Every Pay Equity analysis is unique based on the associated banding scenario.  You can test hundreds of unique scenarios to find the scenario that works bes...
Tue, 30 Mar, 2021 at 11:04 AM