Our Solutions
Pay Transparency Implementation Workshops
Our comprehensive workshops are meticulously designed to deliver exceptional value to employers by providing them with essential insights and practical tools necessary for effectively navigating the complex requirements of pay transparency. These sessions not only ensure that organisations meet their compliance obligations at the desired level but also prepare them to tackle the long-term challenges of embedding transparent practices and managing pay transparency governance
Content:
- Current Status and Preparation (including internal processes, data quality): Assess your existing framework and the progress made so far, such as job levelling practices;
- Clarity on the Directive (including reporting, pay equity requirements): Simplify and clarify the intricacies of compliance to ease understanding;
- Launch Readiness (including communication): Strategically design communication plans tailored to HR teams, line managers, employees, and Workers’ Representatives;
- Future-proofing and Pay Governance: Develop sustainable practices that align with both regulatory demands and your organisational objectives.
Case Study
Background
Our client, a forward-thinking organisation preparing for upcoming pay transparency legislation, sought our expertise.
What distinguished this organisation from its competitors was its remarkably low CEO pay ratio of approximately 3:1, especially when compared to the staggering 268-to-1 average for S&P 500 companies, 2023. This impressive ratio was achieved by significantly increasing salaries for Individual Contributors—junior positions critical to their success. However, the lack of transparency in pay severely limited their ability to attract top talent who were unaware of the competitive salaries offered.
Process
The initiative was strategically divided into two phases.
Phase one concentrated on developing a rigorous reward structure to ensure transparency and fairness in compensation. This included crafting a relevant job-levelling framework to meet their current and future requirements. Additionally, we conducted a thorough analysis of external and internal salary benchmarks to ensure competitiveness and alignment with their compensation philosophy.
Once the foundational elements were in place, we moved to phase two. We guided them in defining what pay transparency would mean for their organisation. Ultimately, they decided against full disclosure, recognising that such a drastic change could lead to unforeseen complications. Instead, they chose to publish pay ranges and engaged senior managers in a comprehensive change management process—empowering leaders to communicate confidently about the factors influencing pay when approached by employees.
Client outcomes
While crafting a tailored approach took time, the results of their commitment to pay transparency were remarkable.
They quickly noticed an uptick in the quality of candidates applying, particularly those with the right skills, qualifications, and genuine passion for their industry.
Moreover, enhanced employee relations were evident, particularly around trust, significantly enriching their positive and supportive workplace culture.
Some of our clients
Our Partners
Implementation Partner - gradar
Members - Pay Transparency Alliance
Members - Pay Transparency Alliance
Merities Consulting is an official Implementation Partner for gradar. This equips us to support employers build and refine their job levelling and job architecture - fundamental requirements to meet the requirements of the EU Pay Transparency Directive.
gradar is a cloud-based Software as a Service. The system collects and interconnects all internal and external job-related data in one location.
Members - Pay Transparency Alliance
Members - Pay Transparency Alliance
Members - Pay Transparency Alliance
We are proud Members of Relocate the Profit.
Merities Consulting is committed to sharing our success with those less fortunate. Since 2023, we have made regular donations to the Livingstone Tanzania Trust.
Agency - Pay Transparency Alliance
Members - Pay Transparency Alliance
Agency - Pay Transparency Alliance
We are Members of the Pay Transparency Alliance, a coalition of forward-thinking European companies committed to addressing the complexities of Pay Transparency.
The Alliance provides us access to a network of European reward specialists and Reward Saas tool partners we can leverage to provide broader and deeper levels of expertise and capability to our clients.