Case Study: VÍS closes the gender pay gap with PayAnalytics by beqom

VÍS - Customer Case Study

VÍS, the largest insurance company in Iceland, sought to formalize its long-standing commitment to gender equality and close its gender pay gap. The company aimed to achieve official certification and become a social leader on this issue, which it viewed as critical to its success. To undertake this analysis and measure its pay equity, VÍS partnered with PayAnalytics and utilized its analytical software.

Using PayAnalytics, VÍS was able to conduct rigorous salary analyses and get recommendations for closing its pay gap. This solution, combined with changes to recruiting and job evaluation, allowed the company to close its adjusted gender pay gap entirely. The measurable impacts include the pay gap being reduced to a negligible 0.05% in favor of women by 2021, alongside increased employee pride, trust, and job satisfaction as a direct result of working with PayAnalytics.

VÍS

Anna Rós Ívarsdóttir

Director of HR