Inequalities between women and men in the workplace have been exacerbated during the COVID-19 pandemic, and are likely to persist in the near future, according to the International Labour Organization (ILO). The World Economic Forum estimates globally it will take 267.6 years to close the gender gap in economic participation and opportunity.
So it’s even more crucial that the global gender and ethnicity pay gap be “squared away” by entrepreneurs passionate about the issue.
Gapsquare, a U.K. startup that’s been addressing this issue since 2017, has been among a handful of startups addressing these concerns via machine learning around the issue.
Its analytics software, which analyses and tracks pay disparity, pay equality and pay gap data, has now been acquired by XpertHR, a part of RELX, for an undisclosed sum. TechCrunch understands from sources that Gapsquare never raised institutional venture funding.
The Gapsquare platform — along with co-founders Dr. Zara Nanu and Ion Suruceanu — will be joining the XpertHR team. Gapsquare previously counted Vodafone, Condé Nast and Serco as clients, amounting to data from tens of thousands of employees.
Gapsquare’s model is to provide HR and Reward professionals with actionable insights about their company’s existing pay gaps.