How To Calculate Pay Equality in Quickbooks Desktop Enterprise | Arithmix

Learn how to ensure pay equality in your business with Quickbooks Desktop Enterprise. Our step-by-step guide will help you calculate and maintain fair pay for all employees.

Pay equality is a crucial aspect of any organization that values fairness and equality. It is a measure of how equally employees are paid for their work, regardless of their gender, race, or any other characteristic. Calculating pay equality can help organizations identify any discrepancies in pay and take corrective measures to ensure that all employees are paid fairly for their work. In this article, we will discuss how to calculate pay equality in Quickbooks Desktop Enterprise.

What Is Pay Equality?

Pay equality is the principle that employees should be paid equally for their work, regardless of their gender, race, or any other characteristic. It is a measure of how fairly employees are compensated for their work, taking into account factors such as their job responsibilities, skills, and experience. Pay equality is essential for creating a diverse and inclusive workplace where all employees feel valued and respected.

Pay equality is not the same as pay equity, which refers to the fairness of pay across different job roles and levels. Pay equity ensures that employees are paid fairly for their work, regardless of their job title or level. Pay equality, on the other hand, focuses on ensuring that employees are paid equally for the same job, regardless of their gender, race, or any other characteristic.

When Is It Valuable To Calculate Pay Equality?

Calculating pay equality is valuable for any organization that values fairness and equality. It can help organizations identify any discrepancies in pay and take corrective measures to ensure that all employees are paid fairly for their work. Calculating pay equality is particularly valuable in the following situations:

  • When hiring new employees: Calculating pay equality can help organizations ensure that they are offering fair compensation to new hires, regardless of their gender, race, or any other characteristic.
  • When conducting performance reviews: Calculating pay equality can help organizations ensure that they are offering fair compensation to employees who are performing well, regardless of their gender, race, or any other characteristic.
  • When conducting salary reviews: Calculating pay equality can help organizations identify any discrepancies in pay and take corrective measures to ensure that all employees are paid fairly for their work.

Overall, calculating pay equality is an essential step for any organization that values fairness and equality. It can help organizations create a diverse and inclusive workplace where all employees feel valued and respected.

How Do You Calculate Pay Equality in Quickbooks Desktop Enterprise

Quickbooks Desktop Enterprise itself isn’t naturally geared towards letting you calculate complex metrics like Pay Equality. As an alternative, teams typically use products like Arithmix to import data from Quickbooks Desktop Enterprise and build out dashboards.

What is Arithmix?

Arithmix is the next generation spreadsheet - a collaborative, web-based platform for working with numbers that’s powerful yet easy to use. With Arithmix you can import data from systems like Quickbooks Desktop Enterprise, combine it with data from other systems, and create calculations like Pay Equality.

In Arithmix, data is organized into Tables and referenced by name, not by cell location like a spreadsheet, simplifying calculation creation. Data and calculations can be shared with others and re-used like building blocks, vastly streamlining analysis, model building, and reporting in a highly scalable and easy to maintain platform. Data can be edited, categorized (by dimensions) and freely pivoted. Calculations are automatically copied across a dimension - eliminating copy and paste of formulas.

Arithmix is fully collaborative, giving your entire team access to your numbers and the ability to work together seamlessly.

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Calculating Pay Equality in Arithmix

Calculating metrics like Pay Equality is simple in Arithmix. Once you've created your free account, you’ll be able to import your Quickbooks Desktop Enterprise data, and use it to create natural language formulas for metrics like Pay Equality.

Arithmix is designed to give you the power to build any calculations you want on top of your Quickbooks Desktop Enterprise data, while also being easy to use and collaborate on. You can share your dashboards with users inside and outside of your organisation, making it easy to empower your whole team.

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