“Pay equity," “equal pay for equal work," “closing the pay gap”: these terms have been around for some time, but they have now taken center-stage in compensation management. With changing regulations at the International, Federal, State, and City levels, and with increased enforcement efforts at the federal level, companies need to keep moving just to remain compliant. With increasing social awareness around Pay Equity, and pressures from an increasingly engaged workforce, companies must act pre-emptively to attract and retain talent, avoid damage to their brand, and minimize the risk of lawsuits.
Berkshire’s consultants have deep knowledge of the changing pay equity environment and of the data science and statistical tools needed to understand and analyze your company’s situation, comply with multi-level regulation, and communicate your results in a constructive way to your stakeholders.
Preemptive analyses: Our experienced consultants will examine your pay data proactively using advanced statistical analyses to help you understand its inner workings, such as: what groupings are making a difference in pay, what factors matter within these groups, and which of these may be interacting with protected employee categories. We can then help you develop plans to neutralize problems at minimum cost and with minimum disruption.
Berkshire consultants will take the time to understand your organization’s pay structure to then build a model that accurately reflects its true workings.
A complete pay equity review examines your compensation data to uncover and remedy pay gaps and any potential violations to equal pay laws. We will work closely with your team, walking you through every step of the process to ensure compliance and neutralize the impact of upcoming audits.
After the analysis phase, we can help you plan corrective measures, if needed. We can also help you develop a plan to maintain compliance over time.
Audit support: Navigating an audit requires specialized skills, especially in these times of increased enforcement efforts. Partnering with Berkshire offers you the most effective audit support available. Our specialists routinely help clients in these situations; working directly with out internal experts, they are familiar with the legal details of each step and are experts in the statistical techniques accepted by the courts and other government agencies.
