Back To Career News

Guess Which Company Doesn’t Want to Reveal Its Gender Pay Data?

Topics: Current Events
There is a big movement for tech companies to publicly share data about the gender and racial diversity of their employees. However, while some companies are using this moment of crisis to show commitment to developing a more diverse, more productive workforce, others are less than eager to disclose numbers. In fact, the Securities and Exchange Commission (SEC) just rejected a request from tech giant Amazon for exemption from a request from one of their investors to disclose gender pay data.

There is a big movement for tech companies to publicly share data about the gender and racial diversity of their employees. However, while some companies are using this moment of crisis to show commitment to developing a more diverse, more productive workforce, others are less than eager to disclose numbers. In fact, the Securities and Exchange Commission (SEC) just rejected a request from tech giant Amazon for exemption from a request from one of their investors to disclose gender pay data.

amazon offices 

(Photo Credit: Robert Scoble/Flickr)

On March 17, the SEC rejected Amazon‘s request to remove a resolution from two of Amazon’s investors, Arjuna Capital, from their June shareholders’ meeting ballot. Arjuna, the activist arm of well-known investment firm Baldwin Brothers, Inc., has made similar requests for other companies they invest in, including Apple and Intel. Arjuna specifically focuses on social issues within their organization, and gender pay equity is just one cause that they triumph. However, as Natasha Lamb, director of equity research and shareholder engagement, states, the emphasis on making portfolio companies disclose pay equity data isn’t simply the morally just thing to do: “Paying women a fair wage is essential to driving diversity, which is critical to innovation and performance… A proactive approach to gender pay equity is just good business.”

Do You Know What You're Worth?

This isn’t the first time Amazon has been behind the curve on general pay equity trends. Though the company does publish gender and racial diversity numbers, both company-wide and for managers, they faced scathing criticism in a New York Times article last year, and they have been widely criticized for warehouse worker conditions and pay in the past several years. However, the company did revamp their parental leave policy in November 2015 to provide up to six months of leave for new parents. In their request to the SEC to not disclose pay equity data, they cited that the request was “so inherently vague or indefinite” that it would be impossible to fulfill. Arjuna asked several tech companies they have investments in for similar reporting, including Oracle, eBay, and Intel, but Amazon was the only company to resist.

It must be said that the general movement towards more disclosure was prompted by a flurry of articles revealing that high-paying tech jobs are mostly held by young white dudes, but ultimately it’s good that this data is being made available. In response, some tech companies, like Salesforce, GoDaddy, Apple, and Intel have already hired external auditors to look for gender pay gaps in their workforces, and others, like Accenture and SpaceX, have announced plans to do the same. And thanks to state and federal legislature, many companies will be required to report gender pay data in coming years. In fact, PayScale will soon be releasing new tools to help employers of all sizes identify and correct gender pay inequities in their workforce. Stay tuned!

Tell Us What You Think

Do you think companies should reveal their salary data, as a means of closing the gender pay gap? We want to hear from you! Leave a comment or join the discussion on Twitter.


1
Leave a Reply

avatar
1 Comment threads
0 Thread replies
0 Followers
 
Most reacted comment
Hottest comment thread
0 Comment authors
MaleMatters Recent comment authors
  Subscribe  
newest oldest most voted
Notify of
MaleMatters
Guest
MaleMatters

See “Salary Secrecy — Discrimination Against Women?” http://malemattersusa.wordpress.com/2014/10/27/salary-secrecy-discrimination-against-women/ Excerpt: Many politicized feminists and other liberals apparently think “corporate greed” — a slogan that seems to be one of their rallying calls — is a rampaging disease that must be eradicated. Thus they no doubt believe employers would hire only illegal immigrants for their lower labor cost if they could get away with it (many do get away with it), or would move their business to a cheap-labor country to save money, or would replace old workers with young ones for the same reason. So why do these same advocates think… Read more »

What Am I Worth?

What your skills are worth in the job market is constantly changing.