WASHINGTON, May 2, 2017 /PRNewswire/ -- DCI Consulting Group (DCI) today announced the release of EEOPay, the latest version of DCI's industry-leading pay equity analysis software. Developed in response to expanded state laws, activist investors, international and U.S. government regulatory enforcement, and private litigation, EEOPay is the most comprehensive and advanced monitoring tool on the market.
The updated software was created with human resources professionals in mind, enabling the HR professional to conduct advanced statistical analyses and use the results to make sound decisions– all without being a statistician.
DCI will be hosting a web broadcast for clients and prospective users to learn more about the new functionality and powerful reporting tools built into DCI's latest software release. Please register at DCI's website for the complimentary web broadcast to be held Wednesday, May 10 at 2:00 pm EDT, or the rebroadcast on Tuesday, May 23 at 11:30 AM EDT.
New state laws and increasing pressure from shareholders to ensure pay equity are leading companies to look for solutions to help mitigate risk and ensure employees are being paid in accordance with applicable laws. EEOPay helps employers monitor the wage gap and conduct in depth, statistical analyses of their pay practices. The program not only identifies statistical patterns within the workforce, but also identifies individual outliers and guides employers in appropriate salary adjustments.
In addition, EEOPay enables employers to look at all forms of compensation and other employment practices such as base pay, bonus, variable pay and performance and provides advanced statistical modeling in an easy to understand report. Users now also have the ability to run multiple regression analyses mirroring the new methodology used by OFCCP and in recent court settlements.
"We are proud to release the latest version of our industry-leading pay equity analysis software, which we updated in response to the need in the market for employers to conduct very advanced and powerful analyses to identify and remedy areas of pay inequities. This software utilizes sophisticated statistical modeling, but is presented in a way that a human resources professional can understand," said David Cohen, President of DCI.
Additional features in version 1.1 include updated report layouts making results easier to read and interpret, new reports showing summary information for groups with significant differences in regression and Fisher's Exact analyses, the ability to view and export reports in separate windows, special options for exporting the Statistical Cohort Individual report to Excel and automatic selection and handling of vector-coded variables.
About DCI Consulting Group: DCI is a human resources risk management consulting and software firm based in Washington, D.C. providing services in the areas of systemic compensation discrimination analyses; affirmative action plan development and implementation; employee selection and test validation; and OFCCP audit and litigation support.
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SOURCE DCI Consulting Group