Europe Edition Compensation Best Practices Report
Payscale’s 2023 Compensation Best Practices Report Europe Edition highlights relevant data, employment, and compensation needs in the European market.
It's time to make pay equity central to pay strategy
New hires, promotions, and internal transfers can make it difficult to keep a pulse on pay equity within your organization, but modern compensation software from Payscale can help. Easily monitor salaries, close pay gaps, and build credibility with your workforce using Payscale Pay Equity.
Pay equity matters more than ever
Commitment to Diversity, Equity, Inclusion, and Belonging (DEIB) means that closing the gender and racial pay gaps is not only a legal requirement, but a socio-economic imperative critical to demonstrating company values and enabling growth.
Pay equity must be managed continuously
Pay equity is often perceived as a project that begins with an audit to measure potential pay gaps between employees. Pay disparities between workers doing the same job must be defensibly tied to compensable factors—experience, skills, location, and responsibilities—not race, gender, or other protected characteristics.
However, it is better to think of pay equity as an ongoing strategic program to attract, retain, and engage talent that ensures fair pay through continuous monitoring. Because organizations are always changing, pay equity needs to be assessed with:
- Every hire
- Every pay raise
- Every promotion
- Every change to the organization
See how pay equity transforms your business
Discover how you can identify, monitor, and close your pay gaps.
Schedule a personalized demoBegin pay equity with the right mindset
Values &
Culture
Culture
Demonstrate your organization's values and commitment to diversity, equity, inclusion, and belonging (DEIB) by closing pay gaps.
Fairness & Transparency
Develop a reputation for treating all workers fairly with equitable pay practices that are proudly communicated and completely transparent.
Efficiency & Compliance
Streamline operations around ensuring fair and equitable pay with automated technology, advanced analytics, and compliance reporting.
The latest in pay transparency legislation
The conversation around pay transparency has been largely driven by recent legislation being enacted in key cities and states across the country including New York City, Colorado, and California. While this legislation is driven by local governments, it’s effects are far-reaching with many of the laws requiring employers to post ranges even if they have just a few employees in that state or city. The team at Payscale has made it our mission to track this legislation and help our customers adapt to it.
Learn more about legislation in your city or stateFresh perspectives on pay equity
2023 Gender Pay Gap Report (GPGR)
Payscale’s 2023 gender pay gap report reveals how much women are paid compared to men, both overall and controlled for job, with analysis by race, job level, age, education, industry, occupation, and location (metro area) as well as unemployment during COVID-19, with insight on how employers can help close pay gaps.
Using a Job Architecture to Navigate Workforce Challenges
Learn how investing in pay communications can help organizations demonstrate to employees that they are valued.
2023 Compensation Best Practices Report
Payscale’s 14th annual Compensation Best Practices Report (CBPR) distills data and insights from the largest known survey on compensation management best practices.
Start your journey toward pay equity today
Ask how our compensation software and services can help you conduct pay equity analysis and manage pay equity over time to get pay right. Fill out our form to request a demo.