Platform updates include compensation
consistency insights, performance analytics, and expert-trained AI
for streamlined reporting
SEATTLE, June 18,
2024 /PRNewswire/ -- Syndio, the world's leader in
workplace equity solutions, today announced enhancements to its
Workplace Equity Platform that help companies navigate the
evolving, complex demands for pay equity and transparency.
Today, employers are faced with mounting pressure to explain and
prove that their compensation, assessment, and promotion strategies
are not only equitable, but driving the bottom line, improving
culture, and attracting top talent. To meet these needs, Syndio
continues to evolve its Workplace Equity Platform to turn today's
challenges into opportunities, helping HR teams deliver greater
value while balancing operational efficiency. The latest updates
across Syndio's Platform include:
- Global Pay Reports: A new reporting solution that
simplifies the creation of pay reports across 29 jurisdictions.
Launching later this year, an integrated AI expert, trained on
proprietary information, will provide 24/7 guidance to ensure
companies stay compliant with evolving transparency
regulations.
- PayEQ® Compensation Consistency Analysis: Expanded
analytics in PayEQ that helps resolve inconsistencies in employee
compensation, providing detailed analysis to ensure equitable pay
practices throughout the organization.
- OppEQ® Performance Equity Analysis: OppEQ now includes
performance equity, extending its analytics to cover promotions
and performance assessments. This enhancement identifies
biases and inconsistencies, providing a holistic view of the key
drivers of the unadjusted pay gap.
- Upgraded Pay Finder™ functionality: Pay Finder now
provides more robust and customizable features. Administrators can
set precise policies and manage user access to data, putting the
right insights in the hands of decision makers. This enhancement
ensures consistent, equitable, and transparent pay decisions
throughout the employee lifecycle.
With these enhancements, Syndio's platform is a one-stop
solution for HR leaders to streamline workplace equity and
transparency efforts regardless of where companies are in their
journey. It enables data-driven decision-making and consistent
communication, helping companies efficiently create equitable
workplaces that attract and retain top talent.
"Today's C-suite leaders face the dual challenge of adhering to
new pay transparency laws while meeting rising employee
expectations and shareholder demands. The stakes are high, and
leveraging advanced technology to navigate this landscape is
crucial for maintaining competitiveness and optimizing the bottom
line," said Maria Colacurcio, CEO
of Syndio. "Company leaders need insights to identify and
reward the values that move their company forward and enable
growth. Syndio's platform does just that while maintaining
consistent and equitable practices for every employee."
At a recent WorldatWork Total Rewards '24 event, industry
leaders affirmed the vital role pay equity — and workplace equity
technology — play to protect and evolve company culture and
performance in the transparency era. Hywel Jones, Vice President of Total Rewards at
TD SYNNEX, emphasized the proactive approach needed for
compliance with the EU Pay Transparency Directive. "As we prepare
for the EU Directive, we are focusing on getting ahead of it rather
than letting the train hit us," said Jones. "This means we invest
time in our data and methodology, as well as a technology partner
that gives us confidence in presenting to our leadership."
Athar Siddiqee, VP of Total Rewards at Micron Technology,
highlighted how their commitment to pay equity has become a key
differentiator in attracting top talent. "Candidates have told us,
'I've had multiple offers, but I chose to work with Micron because
you are committed to pay equity'." By leveraging Syndio's PayEQ,
Micron has not only achieved pay equity across base compensation,
bonuses, and stock but has also seen a significant increase in
employee engagement scores directly tied to their equitable pay
practices. These sentiments echo a broader trend towards
prioritizing pay transparency as an essential component of
organizational success and employee satisfaction.
To learn more about Syndio's latest advancements and how the
expanded Workplace Equity Platform can help companies effectively
shape strategies for pay equity and transparency, visit
Synd.io.
About Syndio
Syndio is the leader in workplace equity
solutions, offering technology and expert advice that enables
companies to measure, achieve, and sustain equity and transparency
at every step of the employee lifecycle. With Syndio's Workplace
Equity Platform, companies embed equity into their core business
practices, helping to identify pay gaps, bolster the efficacy of HR
policies, and facilitate faster, less biased decision-making.
Trusted by over 300 companies, including 30% of Fortune's Most
Admired Companies, Syndio ensures equity and consistency in pay and
advancement while streamlining global compliance reporting and
communications so that each customer can become and remain
employers of choice. Join the forefront of building a more
equitable and efficient future of work with Syndio.
Contact: Lauren Riefflin,
425.829.0516, lauren@kingstonmarketing.group
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SOURCE Syndio