Corporate Giants, Facebook and Microsoft Achieve Gender Pay Parity

Wednesday, May 18 2016, 04:08:19

Jayati Godhawat

JWB Blogger

Corporate Giants, Facebook and Microsoft Achieve Gender Pay Parity

JWB Post

April 14, 2016

On April 12^th i.e. Equal Pay Day, Facebook and Microsoft announced that they have achieved pay equity amongst their employees.

The Vice President of Facebook, Lori Matloff Goler, expressed her views on achieving the pay parity through :

“We regularly review our compensation practices to ensure pay equity and have done so for many years. We complete thorough statistical analyses to compare the compensation of men and women performing similar work. I’m proud to share that at Facebook, men and women earn the same.”

She added,

“There’s always more work to be done, of course. But we’re proud to be a leader in pay equality, and look forward to a time when we don’t even need to call it out.”

Microsoft also took the opportunity and announced that it has almost achieved equal pay amongst genders.

Kathleen Hogan, executive VP of human resources at Microsoft wrote,

“I wanted to share our most recent data, not only for women but also for racial and ethnic minorities in the U.S. Today, for every $1 earned by men, our female employees in the U.S. earn 99.8 cents at the same job title and level. Racial and ethnic minorities in the U.S. combined, earn $1.004 for every $1 earned by their Caucasian counterparts. Breaking it down even further, African American/black employees are at $1.003; Hispanic/Latino(a) employees are at 99.9 cents; and Asian employees are at $1.006 for every $1 earned by Caucasian employees at the same job title and level, respectively.”

“Our announcement today is another step forward along the path of greater diversity and inclusion progress at Microsoft, and in society as a whole. Along with our industry peers, the mission of landing intentional, enduring and impactful diversity and inclusion initiatives is one will we continue to pursue vigilantly,” wrote the Microsoft VP.

Earlier this year, Apple and Intel have announced that they have reached workplace pay parity, with Apple’s women workforce earning 99.6 cents of every dollar earned by their male counterparts in the US, and Intel achieving 100% pay unity.

We hope that other companies around the world will follow their suit and attain a more inclusive work and equal pay culture.

Agree?