Dive Brief:
- In it's annual diversity report, Apple says it has closed the gender pay gap for U.S. workers and will remain focused on hiring more women and minorities, according to NBC News.
- The report said women working at Apple earn one dollar for every dollar male employees earn, and underrepresented minorities earn one dollar for every dollar white employees earn.
- In a New York Times article earlier this year, Apple CEO Tim Cook said women earned 99.6 cents for every $1 men earned, while underrepresented minorities made 99.7 cents for every $1 earned by white employees in similar jobs.
Dive Insight:
After conquering the U.S. equity pay challenge, the next effort will focus on a global correction, according to NBC. The plan is to analyze compensation, bonuses and stock grants of its global workforce to measure a gender or diversity wage gap, if they exist.
Apple's workforce is now 68% male and 32% female, a slight shift from last year, and more than half of Apple's new hires — 54% — were minorities, according to the report.
Microsoft, Facebook and Amazon have all reported closing the wage gap. The tech industry has been under pressure to hire women and diverse candidates, so with Apple's latest disclosure, it's another step in the right direction – at least as it applies to compensation, if not overall hiring data.
