A tech trailblazer says no to the gender pay gap.
It’s not uncommon for organizations to conduct detailed analyses to gauge what employees make based on gender. It’s unusual, though, for the company to make that research public, like Salesforce did, says Maya Raghu of the National Women’s Law Center. Salesforce discovered that 6.6% of its employees needed a salary adjustment to ensure each person, based on job function and location at each level, received comparable pay. It then ponied up $3 million to close any gaps, which helped boost some male employees as well.
By going public, Salesforce, encouraged other companies to follow its lead on pay equity. Salesforce has also launched a leadership program to help women rise through the ranks—a key move, says Raghu, because underemployment (that is, having a job below what you’re qualified for) impacts women at a greater rate than men.
Economic Opportunity/Financial Inclusion
Marc R. Benioff
|Revenues ($M) (Last Fiscal Year)||$6,667|
|Profits ($M) (Last Fiscal Year)||$-47|
|Market Value ($M)||$54,363|