Selecting a pay equity solution
With change being the only constant, organizations need a sustainable, embedded, and ongoing solution for pay equity. Know what you're getting (and what you're not) when selecting the best pay equity solution for your organization.
| Syndio PayEQTM | Consultant or Law Firm without PayEQTM | ||
|---|---|---|---|
|
Time & Speed How long will it take to see results? |
Real-time insights that guide equal pay decisions. | Often 12-16 weeks, or more. Timing depends on workload and hours in the day. | |
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Grouping Schemas How many are included? |
As many as needed. Most clients have multiple schemas, like analyzing by Job Family Group or Business Unit. | Often 1 per analysis. | |
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Data Updates and Flexibility What if the workforce changes? How is unexpected data handled? |
Load new or updated data at multiple inflection points (i.e., quarterly, acquisitions, lay-offs, promotions, complaint investigations, OFCCP audits, mid-cycle, etc.) and can edit data within the platform on the fly. | Difficult and time consuming. No ability to truly analyze pay real-time with promotion or new hires. | |
|
Number of Analyses How often can pay equity be measured? |
Unlimited and ongoing — throughout the year and at key inflection points. | Might be a once per year, one and done approach. | |
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Protected Categories Which protected categories can you analyze? |
Can easily bring in multiple protected classes to analyze (examples: gender, race/ethnicity, intersectional views, veteran status, sexual orientation, and more) that is customizable by country at no additional cost. | Often focused just on race/ethnicity and gender. | |
|
Compensation Components Which compensation components can you analyze? |
Easily analyze and toggle through all of your different compensation data (base, bonus, incentives, equity, commissions, total compensation, etc.) at no additional cost. | Often additional costs to analyze additional compensation components. | |
|
Diagnostics Can clients conduct multiple diagnostic tests and run many reports? |
Included. Diagnostic tests for high influencers, composites, and more. Support currency conversion, applied budgets, predicted pay reports, and more. | Sometimes. | |
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Reporting Can clients conduct multiple diagnostic tests and run many reports? |
Reporting on any of the analysis and results is made simple and effective. Intuitive dashboard. If you want to download, PayEQ's reporting is configurable, meaning whatever information you want to take out of the system you can (with the ability to limit downloading for data security purposes in Admin Center). Most analytics and visualizations can be downloaded individually, and overall reporting of results can be exported out of the system into PowerPoint in seconds. | Cumbersome and time consuming. | |
|
Root Cause Analyses Can clients identify root causes of inequity? |
Analysis populated alongside results. PayEQ Pay Policy Analytics makes it easy to analyze, explain, and improve pay policies and find root causes of inequity. | Limited and time consuming and often is considered a side-project at a higher rate. Level of depth of the deeper dive depends on the vendor. Labor economists do very little in terms of follow up reviews or pay policy analytics. | |
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Prevent Pay Disparities Can clients eliminate biased pay decisions from the onset? |
Stop pay inequities before they start. PayEQ Pay FinderTM provides real-time fair pay insights to guide pay decisions for new hires. | No ability to truly analyze pay real-time with promotion decisions or new hires. | |
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Customized Remediation Can clients resolve statistically significant pay gaps? |
Correct significant pay gaps. PayEQ's rule-based budgeting tool recommends pay adjustments for impacted employees to ensure gaps are resolved. | Some offer a one-size fits all remediation option often focused on low outliers. | |
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Legal Can you maintain Attorney-Client privilege? |
Yes, easy to maintain following standard A/C privilege protocols. | Yes, easy to maintain following standard A/C privilege protocols. | |
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Data Where is data and analysis results stored? |
Highly-secured cloud environment (GCP). | Commonly downloaded to local computers and/or statistical programs and transferred between customer, law firm, and vendor. | |
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Expert Consulting & Support Recommendations and best practices? |
Dedicated and included. Committed customer success manager plus partner with experts at every stage of the pay equity journey. | Billed per hour. |
A trusted workplace equity partner
Today, more than 200 industry leaders — including 30% of Fortune's Most Admired Companies — rely on Syndio to analyze workplace equity for over 2.6 million employees across the globe.
