#MeToo and #TimesUp Have Pushed 48% of Companies To Review Pay Policies

Written by on April 14, 2018 in Films & TV, Media & Arts with 0 Comments

By Julia Carpenter | CNN Money

#TimesUp for the gender pay gap — at least in some workplaces.

In a recent survey of human resources executives from Challenger, Gray & Christmas, an outplacement service firm, 48% of companies say they're reviewing their pay policies with an eye toward closing the compensation gap between male and female employees.

Colleen Madden, director of public relations at Challenger, Gray & Christmas, said the survey was inspired by the ongoing conversation about women's equality in the workplace, one ignited in October when the #MeToo movement swept the nation.

“A lot of our customers were interested in what they should do with their sexual harassment policies, and then we thought the next movement likely would be pay parity,” Madden says. “There's a demand for even further equality.”

Research shows that women, on average, earn around 80 cents for every dollar a man makes.

The gap is even wider for women of color.

Some companies have sought to correct the imbalance among their own employees. After disclosing small differences in employee pay earlier this year, Citigroup announced it will give raises to even salaries between men, women and minority employees. At Salesforce, CEO Marc Benioff says the company has spent around $3 million to raise women's salaries so they're equal to men's.

Other companies like Whole Foods and Buffer have implemented salary transparency policies that eliminate the secrecy surrounding pay.


Tags: , , , , ,


If you enjoyed this article, subscribe now to receive more just like it.

Subscribe via RSS Feed Connect on YouTube

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

FAIR USE NOTICE. Many of the articles on this site contain copyrighted material whose use has not been specifically authorized by the copyright owner. We are making this material available in an effort to advance the understanding of environmental issues, human rights, economic and political democracy, and issues of social justice. We believe this constitutes a 'fair use' of the copyrighted material as provided for in Section 107 of the US Copyright Law which contains a list of the various purposes for which the reproduction of a particular work may be considered fair, such as criticism, comment, news reporting, teaching, scholarship, and research. If you wish to use such copyrighted material for purposes of your own that go beyond 'fair use'...you must obtain permission from the copyright owner. And, if you are a copyright owner who wishes to have your content removed, let us know via the "Contact Us" link at the top of the site, and we will promptly remove it.

The information on this site is provided for educational and entertainment purposes only. It is not intended as a substitute for professional advice of any kind. Conscious Life News assumes no responsibility for the use or misuse of this material. Your use of this website indicates your agreement to these terms.

Paid advertising on Conscious Life News may not represent the views and opinions of this website and its contributors. No endorsement of products and services advertised is either expressed or implied.
Send this to a friend