The COVID-19 pandemic adds questions about pay equity.
“Syndio” official website
According to foreign The media reported that recently, “ Syndio ” has received $ 7.5 million in Series A financing. The round of financing was jointly led by Emerson Collective and Voyager Capital, with existing investors Sirius, Contour Venture Partners and Frontier Venture Capital participating.
Syndio, located in Seattle, Washington, is a human resources analysis platform designed to eliminate the pay gap. Eigen was co-founded at the end of 2016.
Maria Colacurcio said that the COVID-19 pandemic has raised questions about pay equity, because when survival is the top priority, fairness will regress. She pointed out that this has a great impact on the workers who receive the minimum wage and the women who need to take care of the family, because many companies do not take into account the impact of salary equity or the company’s remaining staff structure when reducing the number of employees Composition problem.
By providing a software platform based on data science and predictive models, “Syndio” enables customers ’businesses HR team Able to analyze and solve the salary gap due to gender, race, age and other factors, < / span> eliminate differences and maintain the fairness of pay . At present, the platform has been used by many companies around the world, including Target , Nordstrom, Slack, Adobe, Vimeo, Match Group < span style = "letter-spacing: 0px;"> and nerdwallet etc.
by making fair Salary solution, ” Syndio “can help client companies do Make a fairer, fairer and more compliant decision, which is conducive to safeguarding the rights and interests of the employees of the enterprise and enabling them to devote themselves to their work with a more positive attitude, thereby enabling “> Customer enterprise realization Higher employee retention rate, retaining excellent talents, creating a better corporate culture, and ultimately improving the company ’s profitability
” PayEQ “is the main software of” Syndio “, can help customers analyze and solve salary problems, and monitor salary at any time Compliance of the system. It can be completed in seconds multiple regression analysis, median salary test and cohort analysis.
Through analysis, “PayEQ” can determine what policies and behaviors have led to differences in corporate salaries. And through accurate and personalized budget tools, to help companies set starting salaries and allocate funds, such as bonuses and commissions, so as to avoid unnecessary employee disputes and protect the company from litigation.
Another software called “PeopleEQ” is mainly to help customer companies analyze the work of employees. “PeopleEQ” helps the human resources team to make better decisions by measuring the flow of information and resources in the client’s enterprise, and addressing issues such as job promotion, career development, and succession planning. With the visual dashboard of “PeopleEQ”, the enterprise team can immediately obtain the analysis results.
“Syndio” official website
In addition, “Syndio” also provides consulting services. Client companies can contact the “Syndio” expert team, which consists of data scientists, technical experts, and legal experts. It can help companies streamline their work processes and use labor data in enterprise systems in accordance with industry standards to efficiently develop applicable Control measures for fair pay.
At present, the company intends to use the funds from the new round of financing to continue to expand its business scale and expand its business scope.