UPDATED 01:59 EDT / APRIL 12 2016

NEWS

Microsoft and Facebook say they have ended the gender pay gap

The issue of the gender pay gap, in the tech industry, and many other industries, is still a huge issue – and one that won’e be solved for a long time. The American Association of University Women says equally qualified women earn 78 percent of what equally qualified men earn, although it looks like some parts of the tech industry is trying to put things right.

April 12th was Equal Pay Day in the US, an event that seeks to address the ongoing issue of pay disparity. This is issue is not one that’s going to be cleared up anytime soon. The Institute for Women’s Policy Research said in a report that it will be 2059 before women receive equal pay to men if change continues at the same speed.

That said, two behemoths of the tech industry say they have already ended this disparity.

On the day of the event Lori Matloff Goler, VP of people at Facebook, wrote in the Facebook post, “We regularly review our compensation practices to ensure pay equity, and have done so for many years. We complete through statistical analyses to compare the compensation of men and women performing similar work. I’m proud to share that at Facebook men and women earn the same.”

At the same time Microsoft’s Kathleen Hogan, Executive Vice President, Human Resources, said in a blog post that the company had been for some time trying to build a more inclusive workforce. She wrote that in the US Microsoft female employees earn 99.8 cents for every dollar a man earns.

“Racial and ethnic minorities in the U.S. combined earn $1.004 for every $1 earned by their Caucasian counterparts,” said Hogan, “Breaking it down even further, African American/black employees are at $1.003; Hispanic/Latino(a) employees are at 99.9 cents; and Asian employees are at $1.006 for every $1 earned by Caucasian employees at the same job title and level, respectively.”

The move towards diversity and inclusion has been spearheaded by Microsoft’s CEO Satya Nadella, who was heavily criticized in 2014 for saying that women should rely on karma to end pay disparity. Nadella did however promptly apologize for his words saying he was, “100 percent committed to diversity and inclusion at the core of our culture and company.”

Photo credit: Ted Glodring via Flickr

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