Silicon Valley techies, take note! San Francisco cloud computing company Salesforce.com announced this week that it has made a big step towards creating equality among employees. “We can say we pay women the same as we pay men,” CEO Marc Benioff said at the Fortune Global Forum this week. “We looked at every single one of our female employees’ salaries, and we adjusted it against all of our male employees’ salaries,” he said. Salesforce spent $3 million to address the pay gap. The company has more than 17,000 employees, 77 percent of whom are male.
The company began what they call “the Salesforce process” in April to address concerns about pay disparity between male and female employees, the San Francisco Chronicle reported. It’s an innovative step in the tech world, where men outnumber women at most of the largest tech firms. Salesforce also announced that women’s promotions are on the rise at the company — 32 percent of female employees have been promoted in the 12-month period leading to July, compared to 24 percent in the previous year.
Read the full story at the San Francisco Chronicle.