Trusaic Company Profile

Background

Overview

Trusaic is a leading workplace equity technology company dedicated to advancing social good by assisting organizations in achieving pay equity, fostering diverse and inclusive workforces, supporting economically disadvantaged individuals in finding employment, and ensuring employee access to affordable healthcare. The company offers data-driven, people-centered solutions designed to address complex workforce challenges.

Mission and Vision

Trusaic's mission is to create a better working world by empowering organizations to make precise, compliant pay decisions with ease. The company envisions a workplace that works for everyone, where fairness and inclusivity are integral to organizational success.

Primary Area of Focus

Trusaic specializes in workplace equity, focusing on pay equity analysis, diversity, equity, and inclusion (DEI) initiatives, and human capital management (HCM) data analytics. The company's solutions help businesses navigate complex regulatory landscapes and optimize their human resources strategies.

Industry Significance

Trusaic plays a pivotal role in promoting workplace equity by providing organizations with the tools and expertise needed to address pay disparities and foster inclusive environments. Its innovative solutions have been recognized by industry leaders, underscoring the company's impact on advancing social good in the workplace.

Key Strategic Focus

Core Objectives

• Achieve Pay Equity: Assist organizations in identifying and resolving pay disparities across various demographics.

• Foster Diversity and Inclusion: Support the creation of inclusive work environments that value diverse perspectives.

• Support Economic Mobility: Help economically disadvantaged individuals find employment opportunities.

• Ensure Healthcare Access: Promote employee access to affordable healthcare.

Specific Areas of Specialization

• Pay Equity Auditing and Analytics: Conduct comprehensive analyses to identify and address pay disparities.

• Regulatory Compliance: Assist organizations in navigating complex regulations related to pay equity and DEI initiatives.

• Data Integration and Management: Provide solutions for consolidating and analyzing workforce data to inform strategic decisions.

Key Technologies Utilized

• PayParity®: A pay equity auditing and analytics service that combines domain knowledge, statistical modeling, and workforce data management to demonstrate fairness in pay and minimize risks of regulatory investigation and enforcement.

• Workforce Analytics Machine (WAM): A proprietary software that efficiently extracts, consolidates, cleanses, and validates data from diverse sources to maximize accuracy for business intelligence and regulatory compliance.

Primary Markets or Conditions Targeted

Trusaic primarily serves large enterprises and mid-sized organizations across various industries, focusing on those with complex workforce compliance needs. The company's solutions are designed to address challenges related to pay equity, DEI initiatives, and regulatory compliance.

Financials and Funding

Funding History

As a privately held company, Trusaic has not publicly disclosed specific details regarding its funding history, total funds raised, or individual funding rounds. The company has been recognized for its innovative solutions and impact in the workplace equity sector.

Notable Investors

Information about Trusaic's investors is not publicly available.

Intended Utilization of Capital

While specific details on the utilization of capital are not publicly disclosed, Trusaic's strategic initiatives likely include:

• Product Development: Enhancing existing solutions and developing new offerings to meet evolving market needs.

• Market Expansion: Extending the company's reach to new industries and geographic regions.

• Research and Innovation: Investing in research to drive innovation in workplace equity and compliance solutions.

Pipeline Development

Key Pipeline Candidates

Trusaic's primary offerings include:

• PayParity®: A pay equity auditing and analytics service that combines domain knowledge, statistical modeling, and workforce data management to demonstrate fairness in pay and minimize risks of regulatory investigation and enforcement.

• ACA Complete®: A full-service approach to Affordable Care Act compliance, including unlimited access to a dedicated ACA Specialist and data quality management.

• Tax Credits: A service that helps employers take advantage of tax credits available through the federal Work Opportunity Tax Credit (WOTC) and other government tax credit programs for hiring individuals, such as veterans, disabled persons, and persons receiving government assistance.

Stages of Product Development

As a technology company, Trusaic's products are in the development and deployment stages, with ongoing enhancements to meet client needs and regulatory changes.

Target Conditions

Trusaic's solutions address:

• Pay Disparities: Identifying and rectifying pay inequities across various demographics.

• Regulatory Compliance: Ensuring adherence to complex regulations related to pay equity and DEI initiatives.

• Data Integration Challenges: Consolidating and analyzing diverse workforce data for actionable insights.

Relevant Timelines for Anticipated Milestones

Specific timelines for product milestones are not publicly disclosed.

Technological Platform and Innovation

Proprietary Technologies

• PayParity®: A pay equity auditing and analytics service that combines domain knowledge, statistical modeling, and workforce data management to demonstrate fairness in pay and minimize risks of regulatory investigation and enforcement.

• Workforce Analytics Machine (WAM): A proprietary software that efficiently extracts, consolidates, cleanses, and validates data from diverse sources to maximize accuracy for business intelligence and regulatory compliance.

Significant Scientific Methods

• Statistical Modeling: Utilized in PayParity® to analyze pay data and identify disparities.

• Data Consolidation and Validation: Implemented through WAM to ensure data accuracy and integrity.

AI-Driven Capabilities

While specific AI-driven capabilities are not detailed, Trusaic's focus on data-driven solutions suggests the integration of advanced analytics and machine learning techniques to enhance decision-making processes.

Leadership Team

Key Executive Profiles

• Robert S. Sheen – CEO and Founder: With an extensive background in law, finance, tax, and regulatory consulting, Robert founded First Capitol Consulting in 1999, which later became Trusaic. He has served on various boards and is a former President of the Korean American Bar Association.

• Fawn Rogers – Founding Partner and Advisor: A successful entrepreneur and contemporary artist, Fawn provides strategic advisement to enhance organizational effectiveness and support the company's goals and initiatives.

• Mark Dwyer – Chief of Data Science: Mark is responsible for evolving Trusaic’s analytics regarding pay equity, diversity, and data consolidation processes. He brings over two decades of experience in statistical analysis.

• John Ford – Chief Product & Revenue Officer: John oversees global product development, operations, sales, and services across all of Trusaic’s product portfolio segments.

• Gail Greenfield – Executive Vice President of Pay Equity, Total Rewards and Solutions: Gail is an eminent pay equity expert who has recently joined Trusaic as Executive Vice President of Pay Equity and Total Rewards Strategy and Solutions.

• Anuj Mongia – Executive Vice President of Products and Revenue: Anuj oversees ongoing expansion efforts into global markets from both business development and product development perspectives.

• Ovais Malik – Executive Vice President of Engineering: Ovais leads the company’s global technology strategy overseeing software development, cloud infrastructure, and enterprise systems.

• Christian Liakos – Executive Vice President of Strategic Partnerships and Global Alliances: Christian is responsible for expanding and nurturing Trusaic’s various partner strategies.

• Polin Simantob – Senior Director of Marketing Operations and Events: Polin drives marketing initiatives and enhances Trusaic’s market presence.

• Margaret Duvall – Director, ACA Client Services: Margaret manages the ACA implementation services for clients.