A system enabling employers to make in-depth analyses of pay gaps between men and women, producing three reports – an internal report, a public report, and an employee report – according to the requirements of the Israeli law.
OUR FEATURES
System's main capabilities
Segmenting employees to comparison groups (business unit, legal entity, level, job family, job, seniority group, etc.).
Reviewing gaps within groups and between specific employees.
Comparing gaps to previous years.
Graphic and table presentations.
For Zviran PayData clients – segmentation according to Zviran’s model to receive CompRatio data of groups and employees.
Detailed explanations and recommendations regarding various aspects debated by other companies when producing reports in previous years.
Aequitas work stages
Data preparation
Gathering the relevant data required for the gap analysis and uploading it to the system. Zviran provides you with a data template and detailed explanations on handling complex issues such as equity-based compensation (stock options, RSUs), parental leave, part-time employment, and more.
Comparison Groups
Defining the grouping of employees for comparison between men and women, based on level, business unit, job family, unionized vs. non-unionized employees, etc. The system allows you to compare between different groupings.
Pay Gaps Analysis
Results are available with one click according to the comparison groups defined. No more complicated calculations, everything is conveniently and simply presented in charts and tables. Zviran’s experts have already implemented the correct formulas within the system’s calculations.
Reports' Production
Israeli law requires the annual preparation of 3 reports: an internal report, a public report, and a report produced for each employee individually.
Aequitas produces all three reports for you with one click, according to your chosen definitions. The reports are adjustable to include your logo and comments for each group, or even at employee level. The system will even organize employee repots in folders for you, by manager, site etc.
The stages of work
Who benefits the most from the system?
HR, Comp&Ben managers
Compliance with legal requirements with ease, speed, and efficiency.
Finance
Compliance with legal requirements with ease, speed, and efficiency.
Senior company managerial level
A reflection of the current situation regarding gender wage gaps in the company in accordance with legal requirements.
FAQ
Which employers are legally required to produce the three reports?
Any employer with over 518 employees in Israel.
In addition, regardless of the number of employees, any publicly traded company, NGO and Government entity (municipalities, administrative authorities, etc.).
Which reports are legally required?
Three reports:
1. Detailed internal report
2. Public report that must be published
3. Individual report for each employee
All three reports are automatically produced by the Aequitas system.
How often must the reports be produced?
Once a year, by the month of June, for the previous calendar year.
What about information security? How does the system handle the sensitivity of the data?
The data required for the gender pay gap analysis is indeed highly sensitive – it includes both personal information and pay data.
Therefore, Aequitas is installed locally on the client’s systems, not on the cloud.
The system is completely disconnected from the Internet – it neither receives nor transmits any information.
The data fed into the system and analyses conducted by it are encrypted and are not transferred to anyone (not even to Zviran).
It is worth mentioning that Zviran is ISO27001 and ISO27018 certified – the most globally recognized data security certifications.
How long will I have access to the system?
System access license is for the report year (until the December 31st of the same year it was purchased).
From which systems can data be brought for analysis?
Any system, even Excel.
Zviran provides a data upload template with the system, into which data can be entered from any source.
Does Zviran also provide consulting on this matter?
The system includes detailed, extensive explanations on data collection, what needs to be included, and the correct calculation for everything.
In addition, as part of purchase, we provide assistance regarding use of the system.
For an extra fee, clients can also purchase consulting and professional assistance from Zviran, in preparing data for the final reports, analyzing it, and follow up measures for reducing pay gaps discovered.
How does the system handle changes in the law and in recommendations of the Commission?
The system is regularly updated according to changes in the law and recommendations of the Commissionaire, and of course due to feedback received from users.
We will let you know when an update for your system is available (as the system is not connected to the cloud, updates must be installed by the user via a simple process).
However, use of the system is not a substitute for legal advice and liability for the analysis produced by the system fall to the client.
