LOS
ANGELES, May 16, 2024 /PRNewswire/ -- Leaders
in their respective fields, workplace equity technology company
Trusaic and global law firm Norton Rose
Fulbright (NRF) announce a strategic partnership aimed at
helping organizations around the world achieve workplace equity.
Customers will benefit from the companies' combined strengths,
including Trusaic's award-winning pay equity, opportunity equity,
and global pay data reporting technology and NRF's leading-edge
innovation and vast global reach.
Trusaic's workplace equity suite includes PayParity®,
OpportunityParity™, Salary Range Finder®, and Global Pay Data
Reporting™. These innovative software solutions enable
organizations to eliminate pay disparities at the intersection of
gender, race/ethnicity, age, and disability; pinpoint and remedy
equity concerns in hiring, promotion, and retention; ensure
equitable compensation decisions; and comply with evolving global
pay equity regulations. NRF provides comprehensive, global legal
services, with more than 3,000 lawyers across more than 50
locations worldwide and was recently recognized in BTI Consulting
Group's "Leading Edge Law Firms 2024" report as one of the top law
firms helping clients implement strategic change.
In the first phase of the partnership, leveraging their shared
expertise and Trusaic's workplace analytics platform, the companies
will help clients proactively address internal pay equity with
actionable strategies to meet reporting requirements, avoid
potential costly litigation, and make pay equity compliance simpler
and more straightforward. In the future, the companies anticipate
coming together to develop and produce new workplace equity
compliance products.
"Together, Trusaic and Norton Rose
Fulbright will help organizations take a proactive,
strategic approach to workplace equity and ensure that they remain
compliant with complex regulations," says Robert Sheen, CEO, Trusaic. "Moreover, by
working with organizations to identify and remediate the internal
structures that fuel workplace inequity, we hope to make meaningful
progress in increasing opportunity for all and ending the global
pay gap."
Equal pay is a growing concern globally as women worldwide earn
only around 80 cents for every dollar
earned by a man, according to the United Nations. Last year, the
European Union approved new pay transparency directives for its
member states to close the gender pay gap across the EU. Pay data
reporting requirements are expanding around the world with 54
global jurisdictions already having adopted or in the process of
implementing some form of pay data reporting requirement.
Consequences for non-compliance vary by location, but can include
fines, reputational damage, and legal action.
"Our relationship with Trusaic demonstrates the firm's
commitment to providing innovative solutions that enable our
clients to achieve their legal and business objectives efficiently
and effectively," says Norton Rose
Fulbright employment and labor partner Andy Cripe. "This collaboration will expand our
data analysis capabilities, helping us to better advise clients as
they navigate pay equity and transparency requirements across the
U.S. and globally. Beyond simply reducing legal risk, effective pay
equity strategies support clients' success in increasingly
competitive talent markets, ultimately adding to their bottom
line."
About Norton Rose
Fulbright
Norton Rose
Fulbright provides a full scope of legal services to
the world's preeminent corporations and financial
institutions. The global law firm has more than 3,000 lawyers
advising clients across more than 50 locations worldwide including
London, Houston, New
York, Toronto, Mexico City, Hong
Kong, Sydney and
Johannesburg, covering
Europe, the U.S., Canada, Latin
America, Asia, Australia, Africa, and the Middle East.
About Trusaic
At Trusaic, we're on a mission to empower organizations to
create a more equitable working world for all. We champion human
potential through our industry leading technology platform and
first-to-market partnerships and integrations, enabling
organizations to achieve pay equity, foster a more diverse and
inclusive workforce, hire economically disadvantaged individuals
and ensure employee access to affordable healthcare.
Media Contact:
Matt Gotchy
213-814-5760
377814@email4pr.com
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SOURCE Trusaic