Payscale, the leading provider of compensation intelligence solutions, announced a strategic partnership with pay equity technology firm, Trusaic to help enterprises tackle the growing complexity of international pay transparency and pay equity compliance.
Global companies are preparing for a new wave of pay transparency regulations with the European Union Pay Transparency Directive (EUPTD), which aims to close the gender pay gap by mandating pay transparency measures across member states. EUPTD impacts any organization with EU-based employees, regardless of where the organization is headquartered or has offices.
As new pay regulations emerge worldwide, keeping up with the constantly evolving laws across the world has become a significant challenge to compensation. Global organizations need to be able to address the complexity of navigating pay transparency compliance and multi-government reporting requirements, without overwhelming their HR teams.
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“Organizations can’t afford to get pay wrong,” said Chris Hays, Payscale CEO. “This partnership pairs Payscale’s trusted compensation data with Trusaic’s deep compliance expertise, helping our enterprise customers build pay strategies that are both competitive and compliant.”
Technology alone isn’t enough to keep up with the ever-changing landscape of pay regulations. Trusaic’s consulting expertise expands on Payscale’s pay equity offering, giving global organizations a robust solution catered to their needs. Through this partnership, organizations will have access to global data and scalable tools, as well as insights, consultation, and ongoing support to give compensation teams a clear and sustainable path to achieving pay equity at scale.
Global organizations need solutions that will hold up to scrutiny when regulators start asking tough questions. For organizations scrambling between disconnected vendors, the Payscale and Trusaic partnership delivers confidence with all the information in one place.
“This partnership streamlines everything, aligning data and compliance in one seamless experience, empowering customers to focus their attention on making confident, equity-driven pay decisions,” said Christian Liakos, Trusaic EVP of Partnerships. “It’s critical that HR leaders are ready for what’s next in pay transparency regulations, and our combined expertise will help them anticipate regulatory changes and evolving market needs.”
Backed by explainable data and comprehensive consulting, enterprises can make confident pay decisions that are not only compliant but that help them drive performance, strengthen culture, and gain a competitive advantage.
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Source: GlobeNewswire
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