How To Calculate Pay Equality in Workday | Arithmix

Pay equality is a crucial issue in the modern workplace. It refers to the principle that all employees should receive equal pay for equal work, regardless of their gender, race, or any other personal characteristic. In recent years, there has been a growing awareness of the importance of pay equality, and many companies are now taking steps to ensure that their employees are paid fairly.

What Is Pay Equality?

Pay equality means that all employees who perform the same job should be paid the same amount, regardless of their gender, race, or any other personal characteristic. This principle is based on the idea that everyone should be treated equally in the workplace, and that discrimination of any kind is unacceptable.

Pay equality is not just a moral issue; it is also a legal one. In many countries, including the United States, there are laws that prohibit employers from discriminating against employees based on their gender, race, or other personal characteristics. These laws require employers to pay all employees who perform the same job the same amount, regardless of their personal characteristics.

When Is It Valuable To Calculate Pay Equality?

Calculating pay equality is valuable for a number of reasons. First, it can help companies identify any pay disparities that may exist within their organization. By analyzing pay data, companies can determine whether there are any patterns of pay inequality based on gender, race, or other personal characteristics.

Second, calculating pay equality can help companies ensure that they are complying with legal requirements. By analyzing pay data, companies can determine whether they are paying all employees who perform the same job the same amount, regardless of their personal characteristics. This can help companies avoid legal disputes and penalties.

Finally, calculating pay equality can help companies promote a culture of fairness and equality in the workplace. By ensuring that all employees are paid fairly, companies can create a more positive and inclusive work environment, which can lead to higher employee morale and productivity.

In conclusion, pay equality is an important issue in the modern workplace, and calculating pay equality can help companies ensure that they are paying all employees fairly and complying with legal requirements. By promoting a culture of fairness and equality, companies can create a more positive and inclusive work environment, which can benefit both employees and the company as a whole.

How Do You Calculate Pay Equality in Workday

Workday 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 Workday 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 Workday, 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.

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 Workday 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 Workday 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.