ADP Does It Again! Wins 'Awesome New Technologies' Award for Record Third Year in A Row
In addition to the legal requirements for equitable compensation at the state and federal levels, pay equity can impact an organization's ability to attract and retain talent. In fact, a study by
"We selected ADP's Pay Equity Explorer as an 'Awesome New Technology' because the solution demonstrates innovation, usability, and value for HR leaders and their organizations," said
"We're honored to receive this prestigious recognition and continue ADP's leadership in innovation by being the only company to win this award three times in a row," said
ADP designed the Pay Equity Explorer to help organizations gain a better understanding of potential pay gaps and identify specific groups of employees for further analysis. Specifically, the solution:
- Automatically identifies potential pay gaps, the size of the gaps and historical trends for groups of employees in specific EEOC Protected Classes to give employers a sense of how many potential pay gaps may exist in their organization, and where to prioritize further analysis.
- Provides a tool to evaluate each employee to determine the impact of other factors (for example, performance, tenure, education, etc.), with input that automatically updates the size of the potential pay gaps.
- Supplies market-based benchmarking data for identified jobs to help ensure that pay adjustments are not only equitable, but also market competitive. In addition, benchmarking data can be used to set competitive starting salaries based on real market data.
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