Intel achieves gender pay equity worldwide
At the end of October 2018, Intel achieved its goal to achieve full representation in its US workforce two years ahead of its 2020 goal. Now, the company managed to check a major milestone at global scale, namely gender pay equity.
According to the official announcement, "Intel defines pay equity as closing the gap in the average pay between employees of different genders or races and ethnicities, where data is available, in the same or similar roles after accounting for legitimate business factors that can explain differences, such as performance, time at grade level and tenure."
The pay equity analysis that revealed the aforementioned achievement also took into account stock-based compensation starting in 2018. As of January 2019, Intel has a global workforce of 107,000 regular employees in more than 50 countries.
However, it seems that Intel's work in this field "is never done" and the company will continue to asses and close pay gaps to maintain gender pay equity globally. In the US, Intel promises to focus on maintaining race and ethnicity pay equity.