Salesforce Boasts $2.7m Investment Into Equal Pay

Salesforce Boasts $2.7m Investment Into Equal Pay

Salesforce is making strides in eradicating pay disparity within the company’s offices globally, injecting $2.7 million into the business to fight inequality.

The latest figures from Salesforce reveal six per cent of its employees globally required pay adjustments after it assessed the salaries and bonuses its global workforce.

B&T is taking its own steps in addressing wage disparity and gendered pay gaps, with our upcoming event Changing The Ratio. Buy your tickets here to be part of the movement.

The effort to curb wage disparities began in 2015, when the company vowed to review employee compensation on an annual basis to ensure everyone is paid equally for equal work and close any gaps that existed.

Since then, Salesforce has conducted two equal pay assessments and have spent $6 million to ensure equal pay for equal work.

The latest figures show the percentage of employees affected by wage gap this year was cut nearly in half, down from 11 percent the prior year, despite Salesforce growing at 17 percent year-over-year.

salesforce

As well as that, the latest assessment shows that equal pay is a moving target, especially for growing companies in competitive industries.

Speaking to Nine’s 60 Minutes on the study, Salesforce global CEO and chairman Marc Benioff recently told 60 Minutes, “We’re going to have to do this continuously. This is a constant cadence.”

Salesforce APAC’s vice president of employee success, Edweena Stratton, added: “Equality is a core value at Salesforce, and we’re proud of our commitment to reviewing global salaries each year to ensure every employee is paid an equal amount for equal work”

“In Australia, we’ve also committed to accelerate gender equality through a unique ongoing partnership with the United Nations Women’s National Committee for Australia by developing of a guiding set of corporate principles in an effort to help other companies develop and action a clear gender equality strategy that creates lasting change.

“I’m proud to be part of this growing movement and encourage other companies, business leaders and employees, to enact real change initiatives that provide real outcomes.”




Please login with linkedin to comment

Salesforce

Latest News

Albo Responds To Meta: “Not the Australian way”
  • Media

Albo Responds To Meta: “Not the Australian way”

Australian Prime Minister Anthony Albanese said Meta’s decision to stop paying for Australian news is “not the Australian way” and that he is “very concerned” about the announcement. Meta today confirmed it will walk away from funding Aussie journalism once the current content deals expire in what is a significant blow to Australia’s largest publishers. […]

Media Outlets Respond To Meta’s Decision To Stop Funding Australian News
  • Media
  • Technology

Media Outlets Respond To Meta’s Decision To Stop Funding Australian News

The Australian media industry has responded to Meta’s decision to walk away from funding Aussie journalism once the current content deals expire. In a blow to local media outlets, Meta said it will not enter negotiations to extend deals to pay Australian media companies for the news that appears on its platforms. Michael Miller, News […]

FIVEAA Unveils Refreshed Brand Identity
  • Media

FIVEAA Unveils Refreshed Brand Identity

NOVA Entertainment has today announced the launch of a refreshed brand identity for FIVEAA, Adelaide’s premier commercial talkback station. The forward-looking brand refresh reflects FIVEAA’s new lineup and vision while paying homage to the station’s previous logo and rich heritage. Built upon the new tagline of Always Adelaide, the new direction celebrates the ‘AA’ branding […]

Fabulate Wins Big At AiMCO Awards
  • Marketing

Fabulate Wins Big At AiMCO Awards

Australian social and content marketing workflow platform Fabulate has won big at the industry’s annual AiMCO Awards, taking out the highly competitive Best Influencer Marketing Technology Service category. Lead image: Fabulate team at Aimco Awards The win saw the start up platform, which has a team of around 50, receive the industry recognition against competitor […]

Hubbl Is Here: Newest Transformative TV Tech On Sale March 10
  • Media

Hubbl Is Here: Newest Transformative TV Tech On Sale March 10

Australia’s newest transformative TV technology, Hubbl, will be on sale from March 10 in Harvey Norman and JB Hi-Fi retail stores nationally and via Hubbl.com.au. Lead Image: Foxtel CEO Patrick Delany at Hubbl Launch. Also from March 10, Hubbl will unveil a national advertising campaign starring brand ambassadors Hamish Blake and Andy Lee. The multi-channel […]