PayAnalytics by beqom

What is the secret to success in your organization's #payequity and #paytransparency efforts? beqom pay equity experts Gudrun Thorgeirsdottir and Vidir Ragnarsson will share their invaluable first-hand insights and experiences about how to overcome the challenges in your journey towards fair pay and how to be ready to comply in the current changing legislative landscape. Don't miss out on this opportunity to align your pay equity strategy with best practices. Join us for this important conversation tomorrow Thursday 19th September at 4:30 pm CET / 10:30 am EST. Sign up here: https://hubs.li/Q02QgQ030

beqom’s 2024 global Compensation Leadership Summit was a huge success! Compensation & rewards leaders joined us in Nyon, Switzerland, for two days packed with eye-opening sessions about important topics in the #compensation field, like the best approach to successfully achieve #payequity, the impact of #paytransparency legislation, and the way #AI is revolutionizing compensation practices. On Day 1, Margret Bjarnadottir, Vidir Ragnarsson, and Gudrun Thorgeirsdottir were joined by Gulya (Gulchekhra) Bakeberg in a panel around pay equity, where they shared their first-hand experience and knowledge of how global organisations are approaching pay equity, how they are overcoming their challenges, and what is the key to success. On Day 2, another panel focused on the march towards pay transparency, and how directives like the #EUPayTransparencyDirective are shaping the future of fair and equitable workplaces. Some of the key takeaways were: 💡 Communication is key. It’s important to understand your pay philosophy and provide training to managers so that they are able answer all questions employees will have. 💡 Pay equity is a journey. Organisations should not approach their pay equity efforts as a one-time project, but rather as something to integrate into their organization’s DNA. 💡 The time to act is now. With current and upcoming pay equity and pay transparency legislation, organizations need to get started as soon as possible. Not only to avoid potential litigation, but as a way to attract and retain the best talent. 💡 Pay transparency is to be cultivated and not feared. Sharing and communicating pay gap information internally (and externally) will always translate into building a culture around trust, and having more engaged employees & a stronger workplace culture. Thank you to all attendees for all the inspiring conversations. In case you missed this event or just want to learn more, Vidir and Gudrun will be speaking in our upcoming webinar and sharing their experiences with global organizations navigating towards fair pay. Register here: https://lnkd.in/geqQ4THc

We are still basking in the glow of our 2024 Compensation Leadership Summit that took place in beautiful Nyon, Switzerland last week. 🏔 🇨🇭 During the course of this two-day event, compensation & rewards leaders from all over the world joined us to share expert knowledge, make new connections, and get inspired by each others' experiences and insights. In the current job market, important trends like pay transparency, pay equity, and AI are quickly shifting the way organizations design their compensation strategies, so it was energizing to hear first hand from leaders, practitioners, and experts in the field about their approaches to the challenges that all organizations are facing. Some of the highlights of the Summit included: ◾ The latest trends in #compensation & performance management ◾ The evolving role of #payequity and how organizations should approach it as a journey and not a destination ◾ The way #AI is transforming the future of HR and how beqom is integrating this technology Beyond the fascinating sessions, it was a pleasure to spend time together and share the charm of beqom’s home base, Nyon. We hope you will join us next year!

What is the current state of pay equity? Today, at beqom's 2024 Compensation Leadership Summit, Margret Bjarnadottir had a keynote session about what the best approach to #payequity is and how can organizations succeed in their journey to fair pay ⚖️ Is there a secret formula? As Margrét explains, pay gaps cannot be closed by focusing on outliers alone, but by addressing the root causes of pay inequity and actively correcting the biases in pay structures. Read more about this pay equity approach here: https://lnkd.in/ea3wBN2g

We're counting down the hours until beqom's global Leadership Summit 2024 begins! Everything is ready here in beautiful Nyon for two days packed with thought leadership, inspiring sessions about the hottest topics in the #compensation sphere, like #AI & #payequity, and lots and lots of networking opportunities 🌐 🧑💼 We look forward to welcoming you. See you soon!

I've been working in pay equity for 13 years. Initially, I worked as a practitioner. For the past four years, I have assisted PayAnalytics by beqom clients to achieve their pay equity goals. I am thrilled to join Gudrun Thorgeirsdottir, a true powerhouse in the pay equity world, to share practical tips and tricks on where to begin, how to approach this journey, and ensuring compliance with current and upcoming legislation. Sign up whether you're just starting or continuing your pay equity journey. You'll be inspired by real-world examples of how the best in the field are achieving their pay equity goals and creating fairness-based remuneration practices, all while staying ahead of ever-changing legislative landscapes. Sign up here: https://hubs.li/Q02N0CWH0 beqom #payequity #paygaps #paytransparency #eupaytransparencydirective #fairpay

Don't miss this insightful conversation, where you'll hear all about: - How you can get closer to #PayEquity 🚀 - Real-world examples on how global companies are implementing their strategies 🌐 Sign up now! https://hubs.ly/Q02N116h0

Next week #HRcoreREWARD will light up Barcelona! This event will bring together HR leaders from across Europe, who are gearing up for dynamic discussions on cutting-edge strategies for employee rewards and engagement. This is a great opportunity to hear new ideas, learn from thought leaders, and explore new solutions. Visit beqom’s booth to see all that comp can become, with CompComplete, the next generation of compensation management tools, powered by the latest AI technology. Secure your on-site consultation here: https://hubs.li/Q02BVtWQ0 #HR #Reward #Compensation #PayEquity #HRcoreEVENTS

The Canadian 🇨🇦 #PayEquity and #PayTransparency landscape has evolved in recent years. In 2021, the nation introduced a new Pay Equity Act at the federal level to proactively address gender-based wage disparities. Since then, some provinces have made their pay equity and/or pay transparency regulations effective. Our pay equity experts have created a new e-book 📖 to help employers navigate the new legislation. Learn all about: 👩⚖️ The Pay Equity Act 📍 Each province's key requirements 🤝 Which employers need to comply 🙋♀️ And much more! Download for free now: https://lnkd.in/eECVP3nc Image source: Statistics Canada

A few years ago, the renowned watchmaker BREITLING conducted a #FairPay analysis for its largest employee population, based in Switzerland 🇨🇭. But this global company operates in dozens of other markets—and it decided to evaluate its #PayGap across the board 💼. What happens when one company’s quest for #PayEquity shifts from national to global in scale? 🌐 On this week’s #CoffeeTalk ☕️, Nadja Sirotkina, Breitling’s rewards and performance lead, tells Henrike von Platen about the company’s fair pay journey. Listen to discover: ·  What does it really mean to measure fair pay globally? ·  The role of #data quality ·  The number and breadth of wage bands ·  And more! Watch the full conversation or read more in this week’s blog here: https://lnkd.in/dey5QKn2 Margret Bjarnadottir beqom