Live
- Istanbul nabs over 240 illegal migrants
- Haryana CM takes dig at Punjab counterpart on setting up of new legislative Assembly
- Avvatar India and Spartan Race Kick Off India’s Ultimate Fitness Challenge in Bengaluru
- CM Revanth Reddy Pays Tribute to Guru Nanak on His Birth Anniversary
- ‘Matka’ clears censor: run-time locked
- ‘Kubera’ first glimpse looks interesting
- It took me 20 years to reach Sahnkar sir’s ears: Thaman S
- Gaurav Bhatia slams Congress for promising freebies to infiltrators in Jharkhand
- LIC’s entry into health insurance to significantly boost its market share
- Why Covid-19 Vaccine protection wanes over time?
Female employees earn as much as their male counterparts, asserts Amazon
Amazon.com Inc, under pressure from an activist shareholder to disclose its policies on gender pay equality, said on Wednesday its female employees earned as much as their male counterparts, according to a survey it recently conducted.
SAN FRANCISCO: Amazon.com Inc, under pressure from an activist shareholder to disclose its policies on gender pay equality, said on Wednesday its female employees earned as much as their male counterparts, according to a survey it recently conducted.
The disclosure came as US companies face criticism on the issue of pay equality, especially in the male-dominated technology sector.
The Seattle-based online retailer disclosed the results of its study after pressure from Arjuna Capital, the activist arm of investment firm Baldwin Brothers Inc, which has been pushing it to prepare a report on gender pay equity.
Arjuna withdrew its original proposal after Amazon announced the results of its gender pay study on Wednesday.
"We are pleased Amazon is stepping up in response to investor concerns about gender pay equity," said Natasha Lamb, director of shareholder engagement at Arjuna, calling on Amazon to further report on its policies and goals to close the gender pay gap.
Amazon, which estimates that women made up 39% of its global workforce and 24% of managers as of July, said a review of compensation including both base pay and stock compensation found that women earned 99.9 cents for every dollar that men earned in the same jobs.
The survey, which was conducted by an external labor economist, covered Amazon workers at various levels of the company's organization in the United States.
"There will naturally be slight fluctuations from year to year, but at Amazon we are committed to keeping compensation fair and equitable," the company said in a statement.
The study, which was recently completed, also found that minorities earned 100.1 cents for every dollar that white employees earn in the same jobs.
The US securities regulator, the Securities and Exchange Commission, said last week that Amazon should allow shareholders to vote on a proposal on gender pay equality put forward by Arjuna, after the company had sought permission to omit the proposal from its proxy statement.
Source: techgig.com
