Listen to this articleBelow is our recent interview with Shannon Laughlin, Partner at Meritarc:
Q: Shannon, can you tell us something more about the company and your solutions ?
A: Meritarc is a new Human Capital Management software and advisory firm that is changing the way HR departments view job architecture and staffing-related analysis and reporting – we like to say that we offer an HR system powered by intelligent content, backed by an expert advisory team that knows HR really, really well.
Our founders are HR practitioners and advisors with decades of experience, and we’ve developed software that aligns talent and strategy in a way that has never been done before – enabling financial services firms to dive deeply into issues ranging from DEI to Performance Management to Risk from a common understanding of roles and responsibilities.
Q: Any highlights on your recent announcement?
A: Employers are searching for meaningful ways to strengthen the measurable impact and positive outcomes of their Diversity, Equity, & Inclusion (DEI) efforts. In our inaugural survey, we invited participants to anonymously share their personal experiences on topics such as their sense of belonging, leadership support, opportunities for career development, and psychological safety. Over the period of October and November 2021, we received and analyzed 250 responses. The purpose of this data is improving the efficacy of DEI programming through these data-driven insights.
For example, many respondents reported experiencing biased managers who display favoritism, affecting their career paths and dramatically reducing employee engagement and morale and increasing employee turnover. Putting together merit-based processes can help ensure advancement is not susceptible to biases held by decision makers.
Q: Can you give us more insights into your offering?
A: In addition to the Cloud-native software platform, Meritarc offers advisory services across DEI, Total Rewards, and Talent Management. Our advisors have decades of experience in their specific vertical, and engage clients across the banking, insurance, and asset management spectrum.
Q: What can we expect from your company in next 6 months? What are your plans?
A: Just this month we released an entirely new Risk Architecture offering, which allows companies to align corporate risk appetite to staffing and performance and report on the same. We will have the same level of reporting detail available for DEI this summer, and are exploring multiple other avenues. Our proprietary job architecture framework and associated goal library is relevant to many industry segments, so one challenge is to make sure we remain focused!
Q: What is the best thing about your company that people might not know about?
A: We like to think we are the future of startups! Meritarc was started during the pandemic and is an entirely virtual entity. We focus all of our efforts on product development, rapid iteration, and above all else – keeping HR requirements at the forefront of everything we do.
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