As companies post salary ranges to comply with new laws, they are grappling with investor and employee demands for more transparency into diversity and opportunity. Against this backdrop, Syndio is expanding its groundbreaking OppEQ product with Forecaster, a new representation forecasting tool. OppEQ Representation, which launched at the beginning of the year, gave companies the ability to measure current demographic benchmarks against available talent, and develop meaningful diversity goals. Now, with Forecaster, companies can forecast when they’ll hit representation goals based on current practices and model different scenarios to see their impact on diversity trajectories.
“Pay transparency knocked down the door, and opportunity transparency is right on its heels. Employers are under mounting pressure not only to set diversity goals, but also ensure they achieve them, while keeping on the right side of the law,” said Maria Colacurcio, Syndio CEO. “The value in OppEQ’s forecasting is not just seeing a trajectory, but gaining insight into the accelerants and barriers to hitting your goals. It helps leaders understand where to invest resources, and deliver on the next wave of accountability and transparency. It will fuel real change.”
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“Syndio launches new OppEQ feature that helps companies forecast when they’ll hit representation goals.”
Corporate leaders are hungry for these insights. In Q3 2022, Syndio signed the most new business in its history. The majority of new customers – 54% – signed on for Syndio’s full, expanded platform that includes access to both opportunity and pay equity analytics tools rather than pay equity alone. This is evidence that even though pay transparency is in the headlines, companies need to address opportunity equity to build trust with their people.
“Building an equitable workplace is critical for attracting and retaining talent, mitigating risks, and ensuring relevance with today’s consumers,” said Adrienne Gemperle, Chief People Officer, Sweetgreen. “Syndio’s Workplace Equity Platform helped us zero in on our 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.”
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In addition to OppEQ, Syndio’s Workplace Equity Analytics Platform includes:
The post Syndio Launches OppEQ Forecaster as Companies Look to Build Trust and Tackle the Next Transparency Wave appeared first on MarTech Series.
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