Wednesday, January 23rd 2019
Intel Achieves Gender Pay Equity Globally
Today, Intel announced a major milestone in global inclusion - achieving gender pay equity across our worldwide workforce while also adding stock-based compensation to its pay equity analysis. Our commitment to achieving gender pay equity is central to making Intel a truly inclusive workplace, which we believe is a key factor in employee performance, productivity and engagement. A diverse workforce and inclusive culture are essential to our evolution and growth.
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.In addition to expanding pay equity to our global workforce, we have also evolved our methodology to take a more comprehensive approach to analyzing our global workforce pay data and closing identified gaps. In the past, adjustments were only made to the cash portion of employees' compensation, meaning base pay and bonus. In 2018, we began evaluating total compensation, including stock grants.
With a diverse workforce of approximately 107,000 regular employees in over 50 countries, identifying and closing gender pay equity gaps is a complicated task. Our legal and human resources teams worked with an external vendor to use proven statistical modeling techniques to identify countries where a gender pay gap existed. Individual employees in these countries who were identified as having a gap received appropriate adjustments.
Different countries have varying legislation around how pay equity is measured. In the U.K., for example, the data compares the average employee compensation for all men to all women. The result of this measurement methodology reflects that Intel has a lower representation of women in senior roles. This is a gap we - and the entire technology industry - are working hard to address. We continue to improve representation and progression opportunities for women at Intel, in all countries in which we do business.
Our work in pay equity is never done. We will continue to assess and close pay gaps to maintain gender pay equity globally. We will also maintain race and ethnicity pay equity in the U.S.
In October, we announced reaching full representation in our U.S. workforce two years ahead of our 2020 goal. Global pay equity is another step in our journey to create a more inclusive workplace where all employees feel supported and empowered to create the future.
I am proud to highlight Intel's ongoing commitment to doing what's best for all of our employees. We encourage all companies to join us in making pay equity a global priority.
The above is an opinion editorial by Julie Ann Overcash of Intel Corporation. Julie Ann Overcash is vice president of Human Resources and director of Compensation and Benefits at Intel Corporation.
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.In addition to expanding pay equity to our global workforce, we have also evolved our methodology to take a more comprehensive approach to analyzing our global workforce pay data and closing identified gaps. In the past, adjustments were only made to the cash portion of employees' compensation, meaning base pay and bonus. In 2018, we began evaluating total compensation, including stock grants.
With a diverse workforce of approximately 107,000 regular employees in over 50 countries, identifying and closing gender pay equity gaps is a complicated task. Our legal and human resources teams worked with an external vendor to use proven statistical modeling techniques to identify countries where a gender pay gap existed. Individual employees in these countries who were identified as having a gap received appropriate adjustments.
Different countries have varying legislation around how pay equity is measured. In the U.K., for example, the data compares the average employee compensation for all men to all women. The result of this measurement methodology reflects that Intel has a lower representation of women in senior roles. This is a gap we - and the entire technology industry - are working hard to address. We continue to improve representation and progression opportunities for women at Intel, in all countries in which we do business.
Our work in pay equity is never done. We will continue to assess and close pay gaps to maintain gender pay equity globally. We will also maintain race and ethnicity pay equity in the U.S.
In October, we announced reaching full representation in our U.S. workforce two years ahead of our 2020 goal. Global pay equity is another step in our journey to create a more inclusive workplace where all employees feel supported and empowered to create the future.
I am proud to highlight Intel's ongoing commitment to doing what's best for all of our employees. We encourage all companies to join us in making pay equity a global priority.
The above is an opinion editorial by Julie Ann Overcash of Intel Corporation. Julie Ann Overcash is vice president of Human Resources and director of Compensation and Benefits at Intel Corporation.
81 Comments on Intel Achieves Gender Pay Equity Globally
Also:
www.usatoday.com/story/opinion/voices/2018/10/10/grievance-studies-academia-fake-feminist-hypatia-mein-kampf-racism-column/1575219002/
Essentially, gender studies and 'grievance studies' fields that followed changed and it isn't actual 'knowledge' at this point - it is a field of study that morphed into a self-perpetuating body, as evidenced by that group of researchers, and it behaves as repackaged institutional morality (religion) for the modern age -- right down to the censorship of art (videogames) and speech, for the sake of moving in 'a positive direction'. Religion always sought to define reality for you, and these fields of thought fit this need perfectly.
Here is my example:
Honestly, it doesn't have to be Gender pay equality, its pay equality in general. Workplace pay inequality is cancer. I will give you an example. I work for Blue and white Globe (you can guess the company), after working 6 years a lot of us realized how much less the existing employees are getting in the same title. Its really mind blowing. Someone who they recently hired into the same position as mine or even title below me can be making up to 15-20k more in salary than me. Wanna know something even better? I was actually making 25-30k less than the guy who just got hired in the same position as me. But they wanted to make us feel better and gave everyone a new base and for me, it was a 7k increase but still way below others. The pay gap is so bad within the company that is literally a tragedy. There isn't one person that's happy in my position. My buddy has been with the company for 10 years and he makes the same as me in salary. He just told me that someone new they hired is getting almost 20k higher in salary than us.
Our immediate managers are pretty honest and they tell us they are able to offer max money to a new hire regardless of experience but the leadership won't let them increase base for existing employees in the same position lol. So I am all for gender pay equality but there are a lot of men not getting equal pay either lol!
Let me add I am talking about men here who have busted their ass for the company!
Pretty much the article linked by @phanbuey above explains our situation. ROFL!
Sure, they are anecdotes, but you're kind of an idiot if you think there is no pay gap whatsoever. That or brainwashed. Which would you prefer I think of you?
If everyone could just pay them less, then corporations would just hire mostly women to save all that money lol.
Your argument is full of logic holes. Do you even work with other people in an office environment? It's all over the place so I'm assuming you just like to accrue the benefits and ignore the cause.
What arrogance to say "it's been proven" too. It clearly hasn't been proven. And you can send me all the fringe YouTube videos you want, gender bias in hiring and pay is something I see constantly even though my company tries to lead the way in leveling that shit out.
And wrong, statistics are where I got my statements from. Here, I'll let a fellow asshole say it:
Men play for almost twice as long as the women, so in reality women have a privilege of getting paid the same for half as much work.
Try approaching this from a selfish standpoint. Don’t you (if you have one), want your wife to make as much as a man with the same job title? That’s more money for your household.
My better half has a great job and makes very good money, which she negotiated well for (despite one person here who claimed women don’t negotiate salaries). She is paid for being smart and successful. No way does that extra money in our household bother me.
Shameful, absolutely shameful. @W1zzard is this really the type of forum you want to operate?
Now here is the thing if I quit and go work for another company for a year and come back I can skip a few spots and my management will hire me back at much higher rate lol. It’s the upper leadership that fails and the HR department. Our managers don’t even blame us if we quit and leave. They actually support us lol.
Probably just a right leaning mod doing their best to keep it civil.
I like JBP's stuff, he doesn't deny that there is a gender gap, he just notes that the gap is not purely Gender based (which is true, it's not JUST that they are women but everything else that is brought with that, personality types, negotiating skills etc.). I honestly don't see him as far right, more center probably -- He would most likely support an impartial compensation system if i was to guess.
This the pay gap is very analogous to buying cars. There was a time when you were a woman if you went by yourself to purchase a car or even get it repaired you were at a high risk of getting absolutely fleeced (still are in some areas). Overall guys were better because they generally knew more about cars and were bigger a-holes when haggling. And because of that women would always take a guy relative/friend/significant other for backup.
Salaries are similar in that regard, that if you give women training/tools to deal with the situation optimally there wouldn't really be a gap. It's not that car dealerships were gender biased, it's that they took advantage where they could, and that fell out along gender lines as a side effect. That didn't make the gap any less real, however, and the new haggle-free apps and price lookup tools were excellent in addressing this.
P.S.
But yeah, I knew what the comments would be like just by seeing the news title. The usual suspects crawled out of the woodwork, as expected.
It indeed is impossible to change the thinking in just a few decades after centuries of "traditions".
Folks, regardless of your feelings for Intel, any improvement towards wage equality is good progress. Now lets focus on Samsung, Microsoft, Apple, Google, AMD, NVidia, Sony, Qualcom and all of the other major tech companies who have yet to enact competent wage equality in any serious fashion.