The application of the European regulations on remuneration transparency, which came into force on June 6 in Spain, will bring relevant changes to the selection processes. From now on, companies face two strict legal issues in their selection processes: the obligation to set and publish a salary range before launching the offer and the prohibition of asking candidates their current remuneration, which increases the need to rely on a specialized calculator.
To respond to this new reality, Iwantic, a consulting firm specialized in the selection of digital and technological talent, has launched an innovative tool: Salary Calculator for the IT sector. It is a web application that is offered and created with a very specific objective: to turn this calculator into a daily reference item for recruiters and HR managers when making their offers. In this way, the calculator will allow compliance with the legal framework without giving up competitiveness.
End wage gaps
Until now, it was common for many companies to include the expression “salary to be agreed” in their offers and adjust their salary bands after knowing the candidate’s salary history. With the new legislation, this practice is prohibited to prevent wage gaps from being perpetuated, which is why tools such as the calculator become more relevant.
«The impossibility of asking the candidate about their current salary and offering the salary range beforehand increases the risk of error when making the offer. And this challenge is greater with highly in-demand profiles, such as cybersecurity experts or software developers,” explains Raúl Romera, general director of Iwantic. «Our calculator solves this problem in seconds.
The calculator will allow compliance with the legal framework without giving up competitiveness
This salary calculator provides the company with the exact and updated range, based on market data, so that it can be safely included in its offer. In this way, the calculator avoids problems when attracting talent due to establishing unattractive salary ranges or generating internal inequalities in remuneration, which are also penalized by law. The precision that the calculator offers from now on is critical.
A compass based on real data
The main value of the Iwantic tool compared to more static salary studies is its practical usefulness and the quality of the data handled by the calculator. In addition, the company maintains an Honesty Pact, which ensures that the calculator does not use bots or theoretical estimates, but rather extracts information directly from the market.
- 100% real and updated data: the calculator draws on a history of more than 10,000 managed hires, cross-analysis of more than 100,000 professionals in the IT sector in Spain and more than 25,000 salary data.
- Tailored Segmentation: Recruiting teams can use the calculator to filter by specific technical role, years of experience, and location to get the exact band they should assign to their position.
- Greater objectivity in decision making: the calculator helps set salary offers based on market data, reinforcing the internal coherence and transparency of remuneration policies.
The calculator not only serves as a legal and strategic shield for companies, but also provides transparency to professionals in the technology sector, allowing them to know the objective value of their profiles thanks to the calculator before applying for a position. The tool is now available.
