Salesforce CEO Marc Benioff has been working steadily to close the pay gap at his company. Following is a transcript of the video.
The pay gap between men and women is not going away. In the US, women earn 21% less than men on average. But Salesforce CEO Marc Benioff is shelling out millions to try to change that.
In 2015, his company did a salary study, and it turned out they needed to make some changes. So they spent $US3M to level the playing field. A year later, they put salaries under the microscope again and found they had to spend another $US3M to close additional pay gaps.
Now Benioff has pledged to evaluate salaries on a regular basis. For this and more, he was named a “Global Champion of Women in Business.”
To be fair, he only came in second, and Deloitte’s Rana Ghandour Salhab grabbed the top spot. People like Salhab and Benioff are working hard to put more women in executive roles.
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