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Amazon.com says review finds women get equal pay at company
GoDaddyThe website-hosting company found previous year in an internal audit that its female employees are paid $1.01 for every dollar a male employee makes.
"Diversity increasingly is falling into the spotlight", Roe said. Fostering gender diverse teams leads to more innovative better performing companies.
PayScale's report, Inside the Gender Pay Gap, shows a smaller gender pay gap in tech than in any other industry - except at the executive level, where the controlled gender pay gap is 5.6 percent, meaning that women earn 94.4 cents for every dollar a man earns, comparing only like job titles and similar work experience and education. Women in the U.S. make $0.78 on average for every dollar earned by men, according to the latest Bureau of Labor Statistics (BLS) estimates.
Lamb further stated that so far, Amazon is the only tech company that has responded directly to the shareholder's proposal.
Among the companies Arjuna targeted this year, only Amazon.com Inc. tried to fight the proposal, Lamb said.
Initially, Amazon wanted to prevent a proposal brought forward by Arjuna Capital and Pax World Funds that would require the company to disclose the information regarding gender pay equality. The SEC said it disagreed with Amazon's findings.
In its survey, which included its entire US staff including thousands of warehouse workers, Amazon found that women's compensation in 2015 was 99.9% of men's in equivalent jobs.
With the disclosure, Arjuna Capital is withdrawing its resolution, said Natasha Lamb, Arjuna's director of equity research and shareholder engagement. "Before providing your information to the EEOC, you're going to take a look and try to correct any problems", she says. Arjuna is in the process of withdrawing its proposal. A Glassdoor study this week found that gender pay gaps still exist worldwide, even though they shrink considerably when factoring in age, education and years of experience.
While Trillium targeted two financial-services companies, Citigroup and American Express Inc., Arjuna focused on technology firms because the sector is known for its "egregious diversity numbers and boys' club atmosphere", Lamb said.
Less than a week after regulators rejected Amazon's request that it not have to submit a gender pay resolution to a shareholder vote at its annual meeting in June, the online retailer has done an about-face. Its proxy documents call such a report "costly and time-consuming", which "in light of our many efforts in this area, would not offer shareholders meaningful additional information".
Source: Amazon.com says review finds women get equal pay at company
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