Pay Equity Audits

Turning 'we should look into that' into 'we did something about it

Fair compensation practices foster a culture of trust, boost employee morale, and enhance your company's reputation. By ensuring equal pay for equal work, you're not only doing what's right, but you're also positioning your organization as an employer of choice in a talent-driven market. That's why we've integrated our Pay Equity Audit Services into our proven AIDE process framework, ensuring a comprehensive, data-driven approach to fair compensation.

paychecks shouldn't have a
glass ceiling

Our Approach to Achieving Pay Equity

The first step in our pay equity audit process is a thorough assessment of your current compensation practices and outcomes.

Defining Goals and Objectives

We start by working closely with your Executive, HR, and/or Benefits teams to clearly define your organization's pay equity goals and objectives. Together, we:

Identify the specific measures of pay equity that align with your values and priorities.
Select a pay equity framework that provides a structured approach to assessment and action.
Determine the scope of the audit, including which positions or job levels will be included.
Establish the types of compensation to be considered in the equity calculations, such as base pay, bonuses, benefits, and more.

Through this assessment, we establish a baseline understanding of your pay equity landscape and identify areas for further investigation.

Data Collection and Analysis

With clear goals and parameters in place, our team of experts conducts a thorough data collection and analysis process. This includes:

Identifying wage ranges for each position or authority level through extensive market research and benchmarking.
Gathering cost of living data for relevant regions and cities to ensure geographic equity.
Requesting and reviewing comprehensive payroll and HRIS reports.

Numbers alone don't tell the full story of pay equity. That's why we conduct in-depth interviews with key stakeholders across your organization, including:

Executives and HR leaders to understand historical context, decision-making processes, and perceived challenges.
Managers and team leads to gather insights on how pay equity impacts team dynamics and performance.
Employees from diverse backgrounds and levels to learn about their lived experiences and perceptions of fairness.

These qualitative insights complement our quantitative findings and inform the development of targeted, impactful solutions.

We don't just identify pay equity issues – we provide concrete, actionable recommendations to help you close gaps and create sustainable change. Armed with a robust understanding of your pay equity status quo, we develop a customized action plan to close identified gaps and embed equitable practices into your compensation systems. This includes:

Providing detailed comparability equity scores and wage comparisons benchmarked against industry standards.
Recommending specific policy improvements to support ongoing pay equity.
Creating a phased compensation alignment plan with clear timelines and milestones.
Projecting the financial impact of proposed changes through annual labor cost comparisons.

We collaborate closely with your leadership teams throughout the development process to ensure our recommendations are feasible, sustainable, and aligned with your broader business strategy.

Achieving and maintaining pay equity requires ongoing engagement and commitment from all levels of your organization. We support you in this journey by:

Communicating the results of the pay equity audit and action plan to your workforce in a transparent, accessible manner.
Providing training and resources to help managers and HR professionals implement equitable compensation practices.
Establishing mechanisms for ongoing employee feedback and dialogue around pay equity issues.
Conducting regular follow-up audits to assess progress and identify new opportunities for improvement.

By engaging your entire organization in the pay equity process, you foster a culture of transparency, accountability, and continuous learning.

Your Partner in Pay Equity

At FIC Human Resource Partners, we're more than just consultants – we're your partners in creating a more equitable, engaged, and successful workplace. Our AIDE approach to pay equity audits ensures that you have the insights, strategies, and support you need to achieve and sustain fair compensation for all.

Ready to take a proactive approach to pay equity? Our team is here to guide you every step of the way. With our proven methodology and commitment to collaboration, we'll help you turn your equity aspirations into reality.

Contact us today to learn more about our Pay Equity Audit Services and how we can support your organization's journey to fair, transparent, and equitable compensation for all.

Pay Equity Audits

Turning 'we should look into that' into 'we did something about it

Our Approach to Achieving Pay Equity

Your Partner in Pay Equity

Acknowledge ~ Learn ~ Commit ~ Humanize