After facing pressure by an investment firm, Microsoft and Facebook have recently announced that they have managed to eliminate the gender pay gap, following the lead of tech companies such as Amazon, Apple and Intel.
Kathleen Hogan, executive vice president of human resources at Microsoft announced via the company’s official blog, “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.”
Apart from having achieved gender pay equality, Hogan continued to reveal that the company has also managed to achieve equal pay for racial and ethnic minorities.
She said: “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.”
In the official blog post, she also highlighted Microsoft’s deep commitment to building a more diverse and inclusive workforce.
“These numbers reflect our commitment to equal pay for equal work, and I’m encouraged by these results. We will continue our commitment to equal pay by monitoring this data and publicly disclosing it as part of our annual public diversity and inclusion information and data reporting. We will also continue work to ensure that all of our employees have equal opportunity.
“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,” Hogan concluded.
Natasha Lamb, director of equity research and shareholder engagement, at Arjuna Capital commented: “With Microsoft, we have now seen more than half of the companies we have engaged in our gender pay equity campaign respond proactively. Microsoft deserves credit for taking this important step further distancing itself from the 2014 comments of its CEO, when he suggested it’s bad karma for women to ask for a raise and that they should have faith in the ‘system’.”
On the same day, Lori Goler, Facebook’s head of HR announced in a Facebook post that the social media giant has also managed to do away with the gender pay gap.
She noted that though Equal Pay Day is a great awareness-raising moment, at Facebook, the topic of equal pay is thought of year-round.
“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,” Goler wrote. Despite being a proud leader in pay equality, she pointed out that there’s always more work to be done and looks forward to a time when the topic doesn’t even need to be called out.