First the analysis, then the certification. Because at the beginning of every compensation strategy is the analysis - always. But what needs to be considered? Which key figures and criteria are decisive on the way to fair pay? What measures need to be taken to close existing income gaps? What is the best software? And where can companies find the best support?
We would be happy to provide individual support to any company that wants to pay fairly - but unfortunately, we can't be everywhere at once! After all, our goal is fair pay for all employees, in every company, worldwide. That's why we focus on certification and are constantly developing the process to optimize it in line with the latest economic, scientific, and political developments. After all, there are many pay certifications, but our claim is: If you're going to certify, then certify properly.
To be able to certify as many companies as possible, we work with a number of partners, currently from Germany and Iceland. They all have a lot of analysis experience and testing routine and know very well which criteria are decisive for the Universal Fair Pay Check. In order to prepare for certification in the best possible way, it is advisable for many companies to work with external compensation professionals.
Here companies can find support for certification preparation:
If you are still looking for the right tool, you can use our FPI Tool Compass or talk to us personally to find out which test method is best suited:
We are always open to national and international cooperation with further analysis and measure partners and are looking forward to your inquiries!
Analysis with Logib-D
The consultancy Baumgarten & Partner has specialized in compensation issues for many years. From top management to the collective bargaining sector, function and job evaluations are carried out worldwide in multinational corporations as well as in medium-sized companies. In Germany, the earnings structure analysis is carried out with the help of the tool "Lohngleichheit im Betrieb - Deutschland", or Logib-D for short. Baumgartner & Partner prepares companies for certification by the FPI and analyzes pay structures according to the criteria of the Universal Fair Pay Check.
For fairness and against discrimination in compensation
Do you see the implementation of a differentiated fair pay analysis not as an obligation, but as an opportunity to recognize relevant fields of action at an early stage and to be able to address them in a targeted manner? Then hkp/// group is the right contact for you. As a partner-managed consultancy with a focus on topics at the interface of corporate governance, strategy, HR, and finance, we have the necessary know-how in data and process analysis, support you in the interpretation of your results, and, together with you, derive target-oriented measures for the elimination of discrimination not only in compensation practice. Our many years of experience from projects in companies of various sizes and from a wide range of industries show that it is in particular the intensive examination of the relevant influencing factors and an understanding of the company-specific compensation drivers that create added value for companies. The focus is on the implementation of sustainable fair pay.
As an HR and bAV partner, Lurse has been offering solutions in the area of Compensation & Benefits, Pensions and Talents for over 30 years. On the way to fair pay, individual compensation benchmarks can be set up, compensation data of all kinds can be analyzed with tool support or internal job structures can be mapped in the grading tool in a process-supporting manner. Lurse provides holistic and sustainable support for the consulting requirements resulting from the results of the benchmark and/or job structure analysis, from the harmonization and further development of the compensation structures in coordination with all parties involved through to communication to the employees.
Creating sustainable Pay Equity
Now more than ever, gender and racial pay equity has become a critical priority for C-Suite and HR leaders, requiring organizations to take a more active and strategic role to ensure that there is equity in their workforce. Mercer’s approach to pay equity is informed by more than 20 years of collaboration and consulting with the world’s leading companies. We pair our statistical and contextual expertise with your knowledge on your organisation's compensation system and employee-specific circumstances. We work with your team to investigate areas of risk, consider the impact of different adjustment scenarios, and track the decision process for individual employees. To review the impact and cost of different remediation strategies, you can rely on our unique Pay Equity Calculator™, which can also help support the implementation process. The end result – real progress in closing the gap! With the Universal Fair Pay Check offered by Fair Pay Innovation Lab you can publicly announce your organisation’s efforts and progress in ensuring pay equity across your workforce.
Pay software from Iceland
Imagine if you could always keep an eye on your pay structures and check your gender pay gap on a daily basis. Could quickly and easily simulate how your decision affects the pay gap in your company for every hire, every promotion, every personnel decision. And the software would make recommendations to you on what to do. That's exactly what PayAnalytics makes possible! The impressive software solution was developed in Iceland, which has the most ambitious and effective equal pay laws in the world. We think: Currently the best software available for pay analytics. PayAnalytics has been one of our analytics partners since the summer of 2020. Since then, we have been using our combined software expertise and concentrated fair pay knowledge to ensure absolutely discrimination-free pay structures in every company. Our common goal: to close all other pay gaps in addition to the gender pay gap.
Preparation for certification
Since the beginning of our cooperation, we have regularly published the results of the Fair Pay Study, which is produced annually in cooperation between the FPI and the management consultancy Willis Towers Watson. The results, in a nutshell, show: Things are moving forward in terms of fair pay, but so far in small steps. To accelerate this development and help companies implement fair pay, the consultancy offers its clients certification preparation for the Universal Fair Pay Check. In this process, the companies are accompanied - from data analysis to data selection and preparation to the creation of a catalog of measures and advice on implementation - and receive strategic and practical support on their way to fair pay.
We are also happy to connect you with the following providers from our network:
The Study on the transferability of the Icelandic Equal Pay Standard ÍST85:2012 to Germany (or another country) was prepared by FPI Fair Pay…
Universal Fair Pay Check
The Universal Fair Pay Check provides guidance for companies and sheds a light on the chaos of different certification methods.