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Value-based Comparison focuses on comparing dissimilar jobs, a practice that’s in line with “equal pay for work of equal value”. Jobs that may have been systemically undervalued are, as a result, evaluated in the light of day.
Value-based Comparison is a different type of pay equity analysis: It's focused on comparing groups, rather than individuals. This type of analysis enables you to make meaningful comparisons among jobs that are different in nature but similar in value.
Equal pay for work of equal value is a legislative requirement in some countries and regions; we offer presets for Value-based Comparison to streamline compliance with those regulations.
Comparing groups based on value can help you answer these questions:
If your analysis reveals any discrepancies—like maintenance workers that are underpaid relative to office administrators—you can drill down to investigate. Once you’ve done so, easily document the explanation you uncover.
When ready, you can export your Value-based Comparison results to Word for easy sharing.
In Norway, annual and biannual pay equity analyses are mandated, specifically targeting gender pay equity. These analyses entail reports comprising metric-driven gender equality summaries and comprehensive pay gap assessments. We delineate the prerequisites and elucidate how PayAnalytics can provide support on our resource page.
