Women make up about half the workforce in the United States. Despite this, on average, women earn less than men. In fact, in 2016, the U.S. Census Bureau reported that the female-to-male earnings ratio is about 0.8. The disparity is daunting, but organizations are making strides to reach parity, and you can learn from their lead.
In Eliminating the Gender Pay Gap: Gap Inc. Leads the Way, Kellie McElhaney and Genevieve Smith examine how Gap Inc. reached pay equity for their employees. This case study examines the deliberate policies and practices that Gap Inc. has taken to ensure pay equity was reached.
From its conception, Gap, Inc. made pay equity and female leadership a top priority within its company structure, and over the years, this core value has stayed. In 2014, Gap Inc. became the first Fortune 500 company to pay female and male employees equally for the same work.
How did they do it? At Gap Inc., the culture of inclusivity and equality laid the groundwork for the practices that enable pay equity today. From female representation in leadership positions to a focus on mentorship and sponsorship of young professionals and flexible and family-friendly practices that empower employees, everyone can thrive and meet their professional aspirations.
Gap Inc. is leading the way in pay equity. How can you make a difference in your organization? Learn from Gap Inc.’s lead and employ practices such as:
- Diminishing psychological barriers
- Encouraging mentorship
- Being family-friendly
Take steps to eliminate the gender pay gap within your organization. Explore the case study from the Center for Equity, Gender, and Leadership to find what makes Gap Inc.’s culture ideal for empowering women to rise through the ranks.