BOSTON and OTTAWA and EDINBURGH, United Kingdom, May 19, 2020 (GLOBE NEWSWIRE) -- CURO Compensation Limited (CURO), an industry leader in total compensation management technology, today announced the addition of Cohort Analysis to the company’s CURO Pay Equity solution.
By recognizing where pay gaps exist, CURO Pay Equity helps identify drivers of pay inequity within an organization. In gaining this information, employers are then able to minimize litigation risks, protect their brand reputation and promote diversity and inclusion in the workplace. Cohort Analysis expands the SaaS solution’s functionality, enabling employers to compare pay across cohorts performing equally or substantially similar work through Pay Analysis Groups.
Ruth Thomas, Co-Founder and Senior Consultant at CURO, explained, “The simplest way to measure pay gaps is to look at average differences, but that doesn’t necessarily account for the individual reasons why pay differs legitimately between employees. With Cohort Analysis, we’ve extended the ability to analyze employees performing similar work by group by exploring cohorts within each Pay Analysis Group who share similar characteristics, such as tenure or performance, whom you would expect to be paid similarly. Within this insight, you can better understand, and remedy potential pay equity disparities. This is particularly useful for smaller organizations where employee numbers might not be large enough to run statistical modeling.”
This release also extends CURO Pay Equity’s ability to support pay remediation recommendations. Previously only available through adjusted analysis based on statistically modeled pay outcomes, users can now combine insights on individual-level equal pay issues and outlier analysis as well when making pay remediation recommendations.
Thomas continued, “CURO launched its Pay Equity solution to give employers more information about the factors that influence pay and contribute to gaps. Cohort Analysis takes that one step further, making it possible to conduct a proactive pay equity audit, putting the employer in control to gain maximum impact to the organization and its workforce. At CURO, we remain committed to utilizing technology to create a fairer workplace for all.”
For more information about CURO Pay Equity, visit https://www.curocomp.com/products/curo-pay-equity-analysis-software.
About CURO Compensation
CURO Compensation (CURO) helps employers make easy and fair compensation decisions. Our software empowers companies to manage compensation processes with confidence, align employee compensation with business success, analyze pay equity gaps and demonstrate a commitment to fair pay. CURO solutions are designed for practicality and built on our founders’ experience in managing successful enterprise software firms and overseeing complex compensation needs.
Founded in 2010, CURO manages compensation reviews for more than 300,000 employees across 150 countries. Delivering strategic impact through compensation, CURO partners with forward-thinking companies including ADP, Ascender, Deltek and others. For more information, visit curocomp.com.