Game-changing PayParity® tool optimizes salary
adjustments to
maximize ROI and impact on
employees
LOS
ANGELES, July 10, 2024 /PRNewswire/ -- Trusaic's
award-winning workplace equity technology platform PayParity® now
includes R.O.S.A. (Remediation Optimization Spend Analysis), a
game-changing innovation that helps ensure that the budget
organizations allocate toward correcting pay disparities maximizes
the impact on employees – and on achieving authentic pay equity.
Developed and refined by the market leading data science team at
Trusaic, R.O.S.A. performs remediation simulation runs iteratively
– each improving upon the last – to identify an optimized set of
pay adjustments that will most cost effectively address an
organization's pay disparities.
Employers have a legal and ethical obligation to ensure their
employees are paid fairly. Pay equity legislation is expanding
rapidly around the world, which means increased reporting
activities are required for businesses to demonstrate they are in
compliance. Pay equity is also important to attract and retain top
talent in a competitive labor market, as employees who feel valued
and fairly compensated are more likely to be engaged, loyal, and
productive.
PayParity effectively integrates R.O.S.A. into a company's pay
equity analysis.
Working in concert with PayParity's intersectional pay equity
audit, R.O.S.A. enables employers to maximize the ROI of their
compensation remediation efforts so that their compensation
adjustment is allocated as efficiently as possible. Other pay
equity software solutions are limited and can only perform a single
run of a statistical model to identify remediation opportunities.
This often results in remediation strategies that do not address
pay disparities as effectively – leaving organizations with a lower
return on their investment and considerably more work left to
do.
"Employers need their pay equity remediation budgets to deliver
the absolute, utmost reduction in pay disparity – and this solution
is by far the best way to assure that," says Robert Sheen, CEO, Trusaic. "R.O.S.A.
prioritizes remediation efforts based on the ROI of every single
dollar spent. Organizations can feel confident knowing that their
monies are being distributed to the groups and individuals where
they will have maximum impact."
Trusaic's pay equity, opportunity equity, and global pay data
reporting technology 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,
sexual orientation and disability; pinpoint and remedy equity
concerns in hiring, promotion, and retention; ensure equitable
compensation decisions; and comply with evolving global pay equity
regulations.
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
380194@email4pr.com
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SOURCE Trusaic