Match Group Partners with Syndio to ensure Pay Equity
Comprehensive compensation analysis determines Match Group has 100% pay equity by gender
DALLAS, Dec. 3, 2018 /PRNewswire/ -- Match Group (NASDAQ: MTCH) - the owner of Tinder, OkCupid, Match, Hinge and others - today announced that it partnered with Syndio to conduct a thorough and comprehensive pay analysis for all employees. Over the last five months, Syndio, which empowers organizations to find and fix pay equity issues and maintain equity, was able to determine – after a detailed analysis by statisticians and consultants - that Match Group has achieved 100% pay equity by gender.
Mandy Ginsberg, Match Group's Chief Executive Officer, spearheaded the audit as part of her commitment to implement company policies and benefits that foster a diverse and inclusive environment for all employees.
"One of my guiding principles as a leader has always been rewarding employees based on their impact on the organization, whether they ask for it or not. So often and in so many businesses, women don't make compensation demands. And until we raise our daughters to make those demands, we, as leaders, need to be proactive and methodical about how we think about compensation. I'm so proud that our organization can lead by example, but our work isn't done. We need to continue to diversify our employee base, invest in career advancement and be vigilant about this topic," said Mandy Ginsberg, CEO, Match Group.
"Following an in-depth review and analysis using mathematically rigorous methodologies and criteria, results showed no statistical evidence that variation in compensation is due to gender in the employees evaluated at Match Group," said Zev Eigen, Syndio's founder and Chief Data Scientist. "Match's dedication and commitment to transparency, accountability and fairness through ongoing review is commendable -- especially in the technology industry where we have seen the need to level the playing field for female engineers, scientists, developers and other technical jobs," said Eigen.
Match Group has reaffirmed its commitment to conducting annual pay audits and addressing any pay equity issues that it finds across all categories.
About Match Group
Match Group (NASDAQ: MTCH) is the world's leading provider of dating products. We operate a portfolio of brands, including Tinder, Match, Plenty Of Fish, OkCupid, OurTime, Meetic, and Pairs each designed to increase our users' likelihood of finding a romantic connection. Through our portfolio of trusted brands, we provide tailored products to meet the varying preferences of our users. We currently offer our dating products in 42 languages across more than 190 countries.
About Syndio Solutions, Inc.
Syndio is leading the way in fair pay. Syndio is the world's best SaaS solution that offers organizations across the globe a way to find pay issues based on race or gender (or any other category), fix those issues, and stay in compliance over time. Syndio offers a suite of tools and services to help companies pay fairly, including a staffing feature that calculates a safe range for new hires in order to maintain overall equity. Syndio is a distributed company with headquarters in New York and Seattle.
SOURCE Match Group
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