Current approaches to workplace equity aren't meeting the moment

Today's market dynamics are forcing HR leaders to be hyper efficient with their time and their dollars but companies can't afford to not take action against workplace inequity.

As we head into a time of economic uncertainty, HR leaders are struggling with restricted budgets, hiring freezes, and even layoffs. But you're likely finding yourself in a tough spot: Even though you have limited resources, you still have pressure to close your pay gap and meet some difficult goals.

Moving Beyond Pay to Address the Pay Gap

So how do you still ensure you can make a meaningful impact on DE&I goals, drive employee engagement, and retain top talent? This is where workplace equity comes in. A strong workplace equity solution must allow you to:

green measure icon

Accurately measure where you stand today

pinpoint problems

Pinpoint problems to help you use your time efficiently and focus on what will actually move the needle

58% of employees would consider switching jobs for more transparency

Set realistic, data-driven goals

64B

Showcase tangible progress towards your long-term goals now

Our mission is to help companies eradicate workplace inequities and ensure every employee is valued for who they are and what they contribute to their company's success.

You won't be able to attract and retain top talent who are demanding real change.

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Employees who work in a high fairness environment have a 27% lower chance of quitting.1


61% of workers choose their jobs based on personal belief.2


Team pride

You'll limit your access to capital as ESG comes to the forefront.

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85% of investment professionals take ESG factors into consideration in their investing.3

92% of leaders think that ESG issues will affect corporate reputations in the next 12 months.4

2x

You'll miss out on greater long-term business success.

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Companies that disclose they've conducted a pay equity analysis report nearly 8% higher mean five-year Return-on-Equity.5


Diverse companies are more likely to financially outperform their peers.6


Workplace Equity - Syndio

You'll face litigation and compliance risks due to rapidly increasing legislation.

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There is an uptick in legislation around the globe focused on pay transparency that require pay range, pay equity, and pay gap disclosures.7


Workplace equity-related settlements are growing and, most recently, have cost several companies over $100 million.8


You'll face reputational risks that could impact profits.

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You'll face reputational risks that could impact profits.

57% of consumers are more loyal to brands that commit to addressing social inequities.9


It may seem daunting to address all these market pressures at once, but workplace equity is not about being perfect right now. It's about having a concrete action plan and being able to show tangible progress and results. That is what your stakeholders really care about.

The worst thing an organization can do is make empty promises around equity. Without being able to demonstrate how equity works and point to specific examples of it in your organization, it's a hollow concept that damages trust and only serves to undercut equity in the end."

Jim Link
CHRO at SHRM10

Expert-backed technology is your answer

A Workplace Equity Platform gives you the agility to pivot and meet every moment as it comes and tackle some of your toughest challenges.

No current view of representation

How workplace equity technology helps:

Integrates with HR systems and provides a fresh view of representation in real-time

Don't know what your diversity goals should be

How workplace equity technology helps:

Uses benchmarks to identify gaps and set data-driven diversity goals

Diversity goals handed down from leadership but no clear action plans or timelines for making progress

How workplace equity technology helps:

Pinpoints your biggest areas for improvement and shows you how to attain goals sooner with targeted efforts

 

Women or people of color underrepresented in leadership, but you're struggling to hire external talent into these roles

How workplace equity technology helps:

Identifies disparities in internal movement (including promotions, assessments, and retention), helping you address the root causes of opportunity gaps

Pay equity analyses are time-consuming and quickly outdated

How workplace equity technology helps:

Speeds up pay equity analyses and gives you a current view through the year

Pay disparities reappear every year

How workplace equity technology helps:

Provides proactive insights and in-the-moment recommendations that prevent pay equity issues from forming

Efforts to improve representation, opportunity, and pay equity are siloed and disconnected

How workplace equity technology helps:

Gives you a single source of truth for all facets of workplace equity

Your team lacks the expertise to manage the complexities of analyzing, resolving, and reporting on workplace equity issues — and you don't have the budget to hire someone

How workplace equity technology helps:

Handles analyses and surfaces insights so they are easy to understand, action on, and share and is typically more affordable than headcount

(With Syndio, you also get access to experts with legal, labor economics, data science, and communications expertise!)

Infographic

The Business Case for Workplace Equity

In this infographic, we break down how investing in workplace equity provides value and provide key proof points to use when making the argument for workplace equity in your organization.

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Business Case for Workplace Equity

Guide

Your Guide to Workplace Equity

This guide offers strategies to help understand, measure, and improve all aspects of workplace equity. We detail a step-by-step approach you can use to define success using data and insights, prioritize your biggest areas of opportunity, and make incremental progress on realistic goals.

Get the guide >

Syndio is your trusted partner

Syndio helps you measure, prioritize, and report on all facets of workplace equity in a single solution from improving representation to paying, promoting, and retaining employees equitably.

By connecting technology, data, and analytical expertise, we help you establish realistic goals and create an action plan that's tailored to your most pressing workplace equity needs. And we give you real-time insights that guide in-the-moment decisions, so you can prevent equity issues before they start.

200+

industry leaders rely on Syndio for workplace equity

2.6M

employees' data analyzed across the globe

$125M

put back in the hands of underpaid employees

What [Syndio is] doing which is actually very pioneering is giving leaders and HR departments near real-time data on the equity implications of every pay, reward, hiring, and promotion decision."

Josh Bersin
Global HR industry
and tech analyst

Syndio's Workplace Equity Platform helped us zero in on our two biggest areas of opportunity, and showed us how we could attain our goals years sooner through targeted efforts aimed at those opportunities. Before Syndio, we did not have that level of visibility into our data or insight into the solutions."

Adrienne Gemperle
Chief People Officer
at Sweetgreen

Having a third-party partner like Syndio has allowed us to comfortably focus not on the technology and the stats behind the tool itself, but on our strategy and how we approach this for employees. We rely on Syndio to help drive the machinery behind it."

Stan Dunlap
EVP of Global Rewards
at Salesforce

Make workplace equity a top priority

Already a Syndio customer?
Reach out to your Customer Success Manager to learn more.

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  1. Gartner® Press Release, Gartner HR Research Reveals 82% of Employees Report Working Environment Lacks Fairness, November 8, 2021. GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and is used herein with permission. All rights reserved.
  2. Edelman, "2021 Edelman Trust Barometer."
  3. CFA Institute, "Future of Sustainability in Investment Management," 2020.
  4. Signal AI, "[Report] The State of Corporate Reputation and Business Performance."