Apple says it has achieved pay equity in US

Image
Press Trust of India New York
Last Updated : Aug 05 2016 | 12:42 PM IST
With equal pay becoming a rallying issue in the US presidential election, technology giant Apple has said that it has closed the gender wage gap for its employees in the US and continues to hire more women and minorities.
In an updated diversity report, Apple said "equal work deserves equal pay".
It said over the past year, it looked at the total compensation for US employees and closed the gaps that it found.
"We've achieved pay equity in the United States for similar roles and performance. Women earn one dollar for every dollar male employees earn. And underrepresented minorities earn one dollar for every dollar white employeesearn," it said.
Tim Cook-led company said it is now analysing thesalaries, bonuses, and annual stock grants of all its employees worldwide and if a gap exists, the company will address it.
"And we'll continue our work to make sure we maintain payequity," the technology giant said in a statement.
The report also said that Apple has been hiring more women and underrepresented minorities.
While currently the company still has a majority of men and white people, women now make up 32 per cent of Apple's employees, and white people make up 56 per cent of employees.
According to the report, 37 per cent of Apple's new hires are women, and 27 per cent are underrepresented minorities. Most new hires are people of color, as 54 per cent of its new hires are minorities.
Democratic Presidential nominee Hillary Clinton has made closing the gender wage gap and ensuring pay equity a signature issue of her election campaign.
"If you believe that your working mother, wife, sister, or daughter deserves equal pay, join us!" she said at the Democratic National Convention.
Her rival Donald Trump's daughter Ivanka had lauded her father for his stance on equal pay when she had addressed the Republican National Convention.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Aug 05 2016 | 12:42 PM IST

Next Story