What's going wrong? Resources and data are limited and many DE&I strategies are overly focused on bringing in diverse talent, but failing to promote or retain them (a problem known as the "leaky bucket"). You need a way to focus your efforts on your biggest areas of impact — to sustainably increase diversity, reliably close pay and opportunity gaps, and build confidence with employees and investors alike.
That's why it's time to shift your focus away from promises to progress — using workplace equity as your guide.
Calls for progress and accountability
Employees' perceptions are poor
Only 18% of employees say they work in a high-fairness environment, despite investments in DE&I initiatives3.
Pay transparency laws are expanding
Rapidly expanding legislation, such as NYC's pay scale disclosure law and California's Median Pay Gap Bill, is setting a more demanding transparency standard.
Investors are holding companies accountable
85% of investment professionals take ESG factors into consideration as a way to tie long-term value creation to diversity and equity in the form of ESG metrics4.
Disclosures are on the rise
The share of companies disclosing an EEO-1 Report or Intersectional Data has more than doubled, from 4% to 11% from September 2020 to September 20215.
01 Step 1 •
Measure representation and benchmark against available talent to set realistic, data-driven diversity goals.
02 Step 2 •
Analyze equity in pay and opportunities — from hiring and promotions to assessments and retention — to uncover your biggest areas for improvement.
03 Step 3 •
Resolve your adjusted pay gaps and systematically address the drivers of your unadjusted pay gaps.
04 Step 4 •
Monitor progress over time.
The analytics you need
Our Workplace Equity Platform uncovers inequities and helps you build a custom DE&I strategy tailored to your biggest gaps and opportunities. By automating analyses that are often done manually and in silos, our platform provides a holistic view of where you stand on fair pay, equal access to opportunities, and representation. Then we show you where to focus your efforts to accelerate progress and maintain gains over time.
Measure equity in hiring, promotions, and retention, benchmark against available talent, and make progress on diversity goals.
Rapidly analyze and resolve
pay disparities with an enterprise-grade platform designed for global compliance.
Ensure starting salaries are fair and equitable with real-time insights and recommendations for
every new hire.
Using proven practices and methodologies, partner with our team of experts, who provide ongoing expert best practice, data science, and communications consulting and support.
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. We also outline key measurements that support ongoing monitoring and shared accountability, so that when you make improvements, you're well equipped to sustain them.
Moving Beyond Pay to Address the Pay Gap
There are new headlines every week about the gender and racial pay gap and its impact on wealth accumulation for women and people of color throughout their career. But the pay gap is complex, and companies will never solve it if they focus on pay alone. So what does it really take to address this inequity? In this webinar, our experts discuss what's actually causing the pay gap and how to create a workplace equity roadmap that makes lasting change.
1Syndio, "Quantifying the Opportunity Gap," August 2, 2021. https://synd.io/resources/opportunity-gap/.
2 Miller, Stephen. SHRM, "Gender Pay Gap Improvement Slowed During the Pandemic," March 15, 2022. https://www.shrm.org/resourcesandtools/hr-topics/compensation/pages/gender-pay-gap-improvement-slowed-during-the-pandemic.aspx.
3 Gartner Press Release, "Gartner HR Research Reveals 82% of Employees Report Working Environment Lacks Fairness," November 8, 2021. https://www.gartner.com/en/newsroom/press-releases/2021-08-11-gartner-hr-research-reveals-eighty-two-percent-of-employees-report-working-environment-lacks-fairness.
4 CFA Institute, "Future of Sustainability in Investment Management," 2020. https://www.cfainstitute.org/en/research/survey-reports/future-of-sustainability.
5 JUST Capital, "Just Over Half of the Largest U.S. Companies Share Workforce Diversity Data as Calls for Transparency from Investors and Regulators Grow." https://justcapital.com/reports/share-of-largest-us-companies-disclosing-race-and-ethnicity-data-rises/.