A Seattle Startup Helps Companies Measure Their Pay Gaps
/WHEN MARIA COLACURCIO started as CEO at Syndio in 2018, class action suits spurred by the MeToo movement had highlighted a glaring need: a way to continuously measure gender pay gaps at large companies. Employers often hired pricey law firms to point out these chasms of inequity on a temporary basis. “You’re just playing Whack-a-Mole over and over again, and just crushing the same problems year after year,” says Colacurcio.
So as an alternative, many businesses embraced Syndio’s comparably cheap software. The Seattle startup’s products allowed them to quickly identify pay disparities, pinpoint policies or structural problems causing them, and project how salary remedies would affect their bottom lines.