XpertHR acquires people analytics software firm Gapsquare
XpertHR, the provider of expert insight and practical tools to help organisations achieve greater efficiency, reduce risk and increase employee engagement, and part of RELX, has today announced the acquisition of Gapsquare, the provider of advanced people analytics software which analyses and tracks pay disparity, pay equality and pay gap data.
Gapsquare provides HR and Reward professionals with actionable insights about their company’s existing pay gaps through their flagship software FairPay® Pro. Advanced statistical analysis identifies variables for employee demographics such as gender, ethnicity, sexual orientation and disability, identifying the causes of pay gaps, and proposing and tracking remedial actions.
Dr. Zara Nanu founded Gapsquare after hearing the World Economic Forum’s prediction that it would take 217 years before the Gender Pay Gap could be closed. The company is now driving change for hundreds of thousands of employees around the globe, hoping to achieve fair pay today.
Gapsquare’s valuable solutions and deep expertise will strengthen XpertHR’s compliance, best practice and reward offerings in the U.K. and U.S. With the addition of Gapsquare, XpertHR is well placed to address the pay equity challenges faced by organisations by leveraging Cendex, its advanced, live reward-data solution.
Scott Walker, Managing Director XpertHR, says: “I am excited to bring Gapsquare into the XpertHR family. Our mission is a simple one: to create purposeful workplaces for every person in every organisation. Both businesses are dedicated to improving the experiences of millions of working professionals around the globe. By combining Gapsquare’s advanced technology with XpertHR’s expertise in reward data, we can better equip employers to build a world where work is inclusive, where pay meets value and diverse talent thrives.”
XpertHR will retain the trusted Gapsquare brand, and co-founders Dr. Zara Nanu and Ion Suruceanu will continue to lead the business with the support of the XpertHR leadership team.
Dr. Zara Nanu, CEO & co-founder, comments: “We know for many businesses transparency around compensation fairness and pay reporting is high on the agenda. Gartner research indicates that over 80% businesses globally are driven to take action around pay equity and pay gaps as the workforce is changing and younger generations entering the workforce are increasingly interested in transparency, sustainability and equality. By joining forces, XpertHR and Gapsquare are better equipped to support our customers’ evolving needs and those of the businesses around the globe.”