Intel says it has global gender pay equality
All Intel employees get equal pay for similar roles regardless of gender or race, company says
Intel has announced that it has achieved gender pay equity across its worldwide workforce.
The company says that it now has equal pay across gender, race and ethnicity for employees in similar roles, across all of its 107,000 regular employees in over 50 countries.
The chip giant says it has also expanded its pay equity calculations from counting just basic pay to also cover total compensation, including stock grants and options.
Intel's legal and HR teams worked with an external vendor to use proven statistical modelling to identify countries where a gender pay gap existed, the company said. Where gaps existed for individuals, they were addressed.
Intel said that it 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.
While the company acknowledged that it still has a lower representation of women in senior roles, it said it is working hard to address this gap.
Julie Ann Overcash, vice president of Human Resources and director of Compensation and Benefits at Intel Corporation said in a statement: "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."