On Wednesday, Starbucks announced that they have achieved gender and race pay equity among all U.S. employees. To begin with, women in the U.S. are paid an average of 80 cents of every dollar that a man makes and it could take until the year 2119 for the country to close the gender pay gap for the U.S. alone. Learn more about how Starbucks has achieved this milestone!
Starbucks uses several strategies to make sure that bias doesn’t impact how much employees make. The company makes sure to regularly check for compensation gaps among employees and uses calculators to determine the starting pay rate based on experience. Additionally, they don’t ask potential job candidates about their salary history, and they analyze raises to make sure they’re fair. Starbucks has been working alongside Billie Jean King’s Leadership initiative and the National Partnership for Women & Families to help guide their efforts.
Furthermore, data from the Census Bureau reveals that women, on average, earn around 80 cents for every dollar that a man makes. The company has made a commitment to reach gender pay parity at all of its company-owned locations around the world. Lucy Helm, Starbucks’ chief partner officer recently discussed the achievement during the company’s 2018 Annual Meeting of Shareholders and said, ” we believe it is important to encourage others to join us in recognizing the importance of this issue, not just for our partners, but for women all around the world.” Wednesday’s announcement comes after years of analysis, innovation, and commitment which began as a company-wide compensation study in 2008.