Tech companies might not have the most women on their payrolls, but at least the women that are in the tech field are getting paid the same amount men are. Microsoft and Facebook have marked “Equal Pay Day” by confirming they had hit that milestone.
“I’m proud to share that at Facebook, men and women earn the same,” says Facebook VP Lori Matloff Goler.
Microsoft VP Kathleen Hogan had something similar to say:
“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.”
Microsoft had a C on Engadget’s 2015 diversity report card with 29% of women in their workforce, not to mention 17.3% in leadership. If those numbers sound low, it’s because they are. However, they agreed yesterday to tell everyone how much women and minorities get paid in their company compared to men. They’ve also committed to gender pay equity, according to Arjuna Capital. That’s pretty great.
CEO Satya Nadella said that women should rely on “karma” instead of asking for pay raises, but later apologized for the comment after that comment received a ton of backlash. Since then, the company has gone out of their way to boost diversity, and their senior leadership team’s diversity is at something like 27.2 percent women. They’ve also been doing events like the DigitGirlz code initiative and more diversity-centric events.
Facebook’s marks weren’t great either, at least in comparison to companies like Google, Apple and Twitter. Sure, they employ more women than most at 31%, they’re only 23% of the management team. To rectify that particular situation, they’ve expanded the Facebook University internship program to include more underrepresented groups, and they’ve launched TechPrep to promote computer science in schools, among other initiatives.
A lot of big tech companies have committed to closing the pay gap, thanks to Natasha Lamb, Arjuna Capital’s director of equity. Despite all that, these companies are really behind other industries in overall employment diversity, especially when it comes to management. However, there’s been a lot of strides recently, so this issue might be a lot better this time next year. This is all really good news for those affected by the pay gap, and hopefully we’ll start seeing even more improvement in the years to come.