Syndio

Syndio

Workplace equity analytics and pay equity solutions

About Syndio

Simplify's Rating
Why Syndio is rated
A-
Rated A on Competitive Edge
Rated A on Growth Potential
Rated B on Rating Differentiation

Industries

Data & Analytics

Enterprise Software

Company Size

51-200

Company Stage

Series C

Total Funding

$129.1M

Headquarters

Seattle, Washington

Founded

2016

Overview

Syndio provides a Workplace Equity Analytics Platform that helps companies identify and address inequities in compensation, representation, and promotions. Its main product, PayEQ®, analyzes pay data to find significant disparities and offers solutions to correct them, while also helping to prevent future issues by examining the root causes in pay policies. Another product, Pay Finder™, gives real-time insights for setting fair starting salaries and pay adjustments for employees. Syndio stands out from competitors by not only assisting companies in meeting pay equity regulations but also in fostering trust and improving their brand image through a commitment to fair pay. The goal of Syndio is to ensure that all employees are compensated fairly, regardless of gender, race, or other factors, which is increasingly vital for attracting and retaining talent.

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Simplify's Take

What believers are saying

  • Global pay transparency regulations are set to double by 2027, boosting demand.
  • Financial services sector leads in pay equity disclosures, expanding Syndio's market.
  • Doug Aspland's appointment as CRO could enhance strategic growth and expansion.

What critics are saying

  • Political backlash against DEI initiatives may reduce focus on workplace equity.
  • Complex global pay reporting regulations may overwhelm clients, risking dissatisfaction.
  • Supervisor bias in reviews, especially for minorities, may reveal gaps in offerings.

What makes Syndio unique

  • Syndio offers a unique Pay Gap Reporting Hub for global compliance guidance.
  • Their PayEQ® software identifies and rectifies pay disparities effectively.
  • Syndio's AI integration streamlines compliance with complex pay equity regulations.

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Funding

Total Funding

$129.1M

Above

Industry Average

Funded Over

6 Rounds

Notable Investors:
Series C funding is usually for startups that are doing well and are looking for more money to fuel major growth, such as acquiring other companies, expanding into global markets, or launching new product lines. Investors typically include larger venture capital firms and private equity.
Series C Funding Comparison
Meet Average

Industry standards

$50M
$50M
Medium
$50M
Syndio
$62M
SeatGeek
$100M
Oura

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

Unlimited Paid Time Off

Paid Vacation

Parental Leave

401(k) Retirement Plan

Remote Work Options

Pension Contribution

Syndio Equity

Growth & Insights and Company News

Headcount

6 month growth

2%

1 year growth

3%

2 year growth

3%
GeekWire
Jan 27th, 2025
Costco, Amazon, Microsoft Chart Their Own Dei Paths As Trump Targets Diversity Efforts

(Bigstock Image)As President Trump issues directives to scuttle every federal government initiative that promotes diversity, equity and inclusion, tech giants and other businesses across the Pacific Northwest are charting their own DEI courses.Costco and Microsoft are being recognized nationally for retaining a public commitment to workforce diversity, with Costco shareholders on Thursday defeating an anti-DEI proposal by a 98% vote. At the same time, Amazon in December shared with employees that it was “winding down” some of its efforts in diversity and inclusion, but still viewed the work as “important.” Boeing has pulled back even further, reportedly dismantling its DEI team.Efforts to support more equity in the workforce are under attack by Republicans and activists who characterize it as “reverse discrimination” that is unfair — particularly to white men — and puts race and gender ahead of merit when making employment decisions.The murder of George Floyd in 2020 sparked DEI initiatives across corporations, but the 2023 U.S. Supreme Court decision banning affirmative action in higher education and the increasing anti-diversity rhetoric from conservative leaders have caused some employers to reverse course.Companies such as Meta, Target, Walmart, and others that have rolled back their diversity programs said they did so because DEI has become so politically charged. They also cited changes in how the courts are legally viewing DEI, and they say they can support widespread inclusion in their workforce through different programs.In its memo to employees, Meta — which no longer has a team focused on DEI — said that it would stop using the “diverse slate approach” for hiring. “This practice has always been subject to public debate and is currently being challenged,” Meta said. “We believe there are other ways to build an industry-leading workforce and leverage teams made up of world-class people from all types of backgrounds to build products that work for everyone.”Amelia Ransom, who has led workplace diversity efforts at Smartsheet, Avalara and Nordstrom, questioned the initial motivation for businesses who are dropping DEI efforts.“The companies that have pulled back on DEI, some of them were using DEI as an insurance policy, not a strategic initiative,” Ransom said.For businesses in the “insurance policy” mindset, inclusion efforts were a shield against the risk of public criticisms that they didn’t support diversity, she said

PR Newswire
Jan 14th, 2025
Syndio Introduces Pay Gap Reporting Hub To Help Organizations Understand Rising Global Compliance Demands

Regulations are set to double by 2027. Comprehensive, free resource helps enterprises make sense of growing pay reporting requirements.SEATTLE, Jan. 14, 2025 /PRNewswire/ -- Syndio , the leader in pay equity, reporting, and transparency solutions, unveiled its Pay Gap Reporting Hub today, arming global organizations with a set of comprehensive guides to efficiently understand pay gap reporting requirements across 43 countries and 48 associated jurisdictions. The hub maps the regulatory landscape across six continents, offering organizations detailed guidance and best practices to comply with an increasingly complex web of requirements. Publishing of the hub comes at a crucial time, as organizations face a transformative wave of new pay reporting and transparency regulations, including the EU Pay Transparency Directive, with the first pay gap reports due in 2027 based on 2026 compensation data."Let's face it: pay gap reporting has become a global maze, and organizations need a reliable guide to find their way through," said Christine Hendrickson, VP of Strategic Initiatives at Syndio. Syndio's Pay Gap Reporting Hub delivers exactly that—comprehensive, actionable insights that make compliance manageable

Valley Times-News
Jan 14th, 2025
Syndio Introduces Pay Gap Reporting Hub to Help Organizations Understand Rising Global Compliance Demands

Syndio introduces Pay Gap Reporting Hub to help organizations understand rising global compliance demands.

PR Newswire
Jul 8th, 2024
Financial Sector Significantly Outpaces Other Industries In Pay Transparency Revolution

New Syndio analysis shows financial firms are 54% more likely to disclose pay equity analyses compared to other industriesSEATTLE, July 8, 2024 /PRNewswire/ -- Syndio , the world's leading workplace equity platform, is reporting a significant shift in the financial services sector's commitment to workplace equity. A new Syndio analysis highlights that financial services companies are increasingly stepping into a public and leading role in pay equity, a move that was unthinkable just a few years ago. While this shift can be tied to intensifying investor proxies, it's underscored by the sector's increased transparency in pay equity disclosures and a robust commitment to addressing pay gaps, positioning the financial services sector as a leader in workplace equity.Syndio's research, combined with Arjuna Capital's scorecard , shows that the financial services sector is at the forefront of pay equity disclosure. Large financial services companies are 54 percent more likely to disclose the results of their pay equity analyses compared to other industries (68 percent vs. 44 percent). Additionally, last year saw the number of large financial services companies disclosing their unadjusted pay gaps nearly double, a direct response to growing investor pressure.Financial services companies are increasingly stepping into a leading role in pay equity

PR Newswire
Jun 18th, 2024
Syndio Expands Workplace Equity Platform To Further Support Employers In The Transparency Era

Platform updates include compensation consistency insights, performance analytics, and expert-trained AI for streamlined reportingSEATTLE, June 18, 2024 /PRNewswire/ -- Syndio , the world's leader in workplace equity solutions, today announced enhancements to its Workplace Equity Platform that help companies navigate the evolving, complex demands for pay equity and transparency.Today, employers are faced with mounting pressure to explain and prove that their compensation, assessment, and promotion strategies are not only equitable, but driving the bottom line, improving culture, and attracting top talent. To meet these needs, Syndio continues to evolve its Workplace Equity Platform to turn today's challenges into opportunities, helping HR teams deliver greater value while balancing operational efficiency. The latest updates across Syndio's Platform include:Global Pay Reports : A new reporting solution that simplifies the creation of pay reports across 29 jurisdictions. Launching later this year, an integrated AI expert, trained on proprietary information, will provide 24/7 guidance to ensure companies stay compliant with evolving transparency regulations.: A new reporting solution that simplifies the creation of pay reports across 29 jurisdictions. Launching later this year, an integrated AI expert, trained on proprietary information, will provide 24/7 guidance to ensure companies stay compliant with evolving transparency regulations. PayEQ® Compensation Consistency Analysis : Expanded analytics in PayEQ that helps resolve inconsistencies in employee compensation, providing detailed analysis to ensure equitable pay practices throughout the organization.: Expanded analytics in PayEQ that helps resolve inconsistencies in employee compensation, providing detailed analysis to ensure equitable pay practices throughout the organization

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