SYNDIO HELPS HR LEADERS NAVIGATE THIS NEW WORLD WITH TECHNOLOGY
Companies with great cultures win in the market. Yet today, vital elements that define culture — like how a company values its employees through pay and advancement — are on full display. In this environment of growing transparency requirements, it’s harder than ever to maintain a reputation as an employer of choice.
Syndio helps HR leaders navigate this new world with technology. With Syndio’s Workplace Equity Platform organizations can:
- Align around a single source of information to identify pay and advancement gaps and what’s causing them;
- Act on that data to improve equity and ensure fairness is embedded into every decision; and
- Amplify their successes with a consistent, centralized, and data-driven message across internal communications, required reporting, and other disclosures — building culture by transform transparency into a competitive advantage.
More than 300 companies — including 30% of Fortune’s Most Admired Companies and 25% of the JUST 100 list — trust Syndio for its leading Workplace Equity Platform, expert team, and proven track record working with global brands.
Founded with a focus on pay equity
Syndio was founded in 2017 to help companies achieve and maintain pay equity in the face of increasing pay equity legislation.
Syndio’s flagship product, PayEQ®, transformed how companies analyze pay equity. Instead of settling for backward-looking analyses that happen once a year behind closed doors, Total Rewards teams started using PayEQ to get an on-demand view of pay equity and embed fairness into every pay decision and policy.
With direct access to their data, Syndio’s customers started asking for more. They wanted to put this information directly into the hands ofev eryone making daily decisions about pay (like recruiters and hiring managers) to scale the compensation team and avoid having to correct problematic pay decisions after the fact.
The launch of Pay Finder™ in 2021 extended that capability to include Talent Acquisition teams. It provides clear guidelines to help managers and recruiters make faster, equitable, and explainable pay decisions.
Syndio remains the market-leading solution today. According to a recent compensation technology survey from Novo Insights, over half of companies who choose a third-party pay equity software choose Syndio.
Widening the lens to workplace equity
Once Syndio’s customers improved equity and consistency in pay, the natural next question was to look at how employees are assessed and promoted, both of which directly impact pay.
Pay transparency legislation and a cultural shift towards sharing salaries created extra urgency. Employees now wanted to know: Why am I paid what I’m paid? How can I get promoted into higher-paying roles? Are the HR practices that drive pay and advancement fair?
In 2022, Syndio launched OppEQ® to help companies ensure equitable promotions and performance assessments. This also marked Syndio’s launch of a new category – “workplace equity” – and an expanded platform to embed equity and consistency into every pay and advancement decision.
This is important because pay equity and opportunity equity are inextricably linked and both drive the unadjusted pay gap, which is quickly becoming the metric to measure fairness.
Using the Syndio platform to track employee movement has helped Seattle-based Sellen Construction make progress towards closing their unadjusted pay gap, including an 18% increase of women in the highest-earning quartile since 2021.
Continued innovation: equitable, explainable, consistent
As transparency requirements accelerate, workplace equity takes on new urgency. HR leaders now need to ensure pay and advancement decisions are not only equitable and consistent, but also explainable and transparent. Without this, organizations are unable to craft a cohesive global narrative.
Syndio continues to stay ahead of these needs, enabling HR leaders to improve pay and opportunity equity, build trust in their employer brand, and – with the power of the platform – meet those demands with fewer resources and in less time.
Dedicated to the mission
Headquartered in Seattle, Syndio has 146 employees in four countries fueling the mission to find, fix, and prevent gaps in pay and opportunity. The team’s passion and expertise have led to a world-class NPS score (which measures customer loyalty and satisfaction) and being named one of America’s Best Startup Employers by Forbes for two years running. Investors Include: Emerson Collective, Bessemer Venture Partners, Voyager Capital, Penny Jar Capital, Westbound Equity Partners, Operator Collective, and Next Play Capital.
