Driving Pay Equity with Deloitte and Workday
An Actionable Path to Transparency and Fairness
In today’s evolving workplace, pay equity isn’t just about regulatory compliance, it’s about fostering trust and inclusion. With the global legislative push toward pay equity & transparency, companies face the challenge of reporting gender pay gaps, be more transparent towards your workforce and implementing corrective measures. Deloitte and Workday have partnered to deliver Pay Equity Insights, a platform that not only simplifies compliance but empowers organizations to create lasting change.
Bring insights to life with Workday
Deloitte’s Workday, reward and legal teams have created an innovative pay equity platform within Workday to ensure pay equity becomes an integral part of organizational decision-making. By building on Workday’s flexible technology, Deloitte’s tailored approach allows organizations to take meaningful action.
This platform provides the foundation for embedding pay equity insights into day-to-day operations, enabling leaders to evaluate data readiness and take decisive actions. Key features include:
Pay Equity Readiness:
- Evaluate the completeness and accuracy of your workforce data.
- Ensure analysis is representative and actionable.
- Build confidence in your equity strategies.
Pay Equity Insights:
- View detailed equity data in custom dashboards.
- Understand pay gaps and their underlying drivers.
- Take immediate actions like recommending salary adjustments or role changes.
Advanced Compensation:
- Seamlessly integrate pay equity insights into compensation workflows.
- Plan interventions during annual compensation cycles.
- Optimize strategies to align fairness with organizational goals.
By embedding these features into Workday, equity becomes a daily practice rather than a periodic compliance exercise, fostering a culture of fairness while driving organizational success.
Deloitte’s Pay Equity Platform: Making Pay Equity Insights Possible
How do we make pay equity actionable in Workday? That's where Deloitte’s Pay Equity Platform (PEP) comes into play. By ingesting the pay equity data from Workday, the Pay Equity Platform transforms this pay data into clear, actionable insights. PEP serves as the analytical engine, ensuring organizations can:
- Visualize pay gaps effectively: Highlight the scope of unadjusted and adjusted pay gaps and uncover the factors driving disparities.
- Identify outliers: Detect anomalies to focus on specific areas needing intervention.
- Plan strategically: Develop tailored remediation strategies, including budgetary impacts.
- Dive into employee-level insights: Enable precision by drilling down into individual data.
These insights are seamlessly brought into Workday, where they power dynamic dashboards and embedded equity tools. By leveraging PEP’s advanced analytics, Workday users gain actionable equity insights integrated into their day-to-day workflows, ensuring data-driven decisions that foster fairness and transparency.
A Partnership Built for Impact
With Deloitte’s deep expertise in HR strategy, legal compliance, and human capital transformation, combined with Workday’s flexible technology equips organizations to tackle pay equity with confidence and precision. By turning raw data into actionable insights and embedding equity into every corner of your organization, we’re creating a future where fair pay is no longer an aspiration—it’s a reality.
