When we talk about pay inequity, especially on Equal Pay Day, we generally talk about the differences between men's earnings and women's earnings – meaning all men and all women, without regard to race. To really unpack the problem, however, we need to dig further into the data and look at how race and ethnicity impacts earnings. Bottom line: the gender pay gap is particularly bad for women of color.
Earlier this year, Salesforce CEO Marc Benioff told The Huffington Post that he would examine the pay of all 16,000 employees at the cloud computing company, with the ultimate goal of eradicating the gender pay gap at the organization. He anticipated that the process would take a few years. Last week, while addressing the Fortune Global Forum, Benioff announced that his company had closed the gap, at least as far as role-to-role parity is concerned, in just six months. Estimated cost? $3 million dollars.