Intel has achieved 100% gender pay parity throughout the United States.
Its Annual report 2015: leading and learning- strong progress and more to do, published on 3 February 2016, revealed the results of the organisation’s analysis of its compensation packages. This found that employees of both genders who have the same role at the same level received identical pay packages.
Intel is also customising its employee benefits package with a view to meet employees’ needs at various stages of their career and life. In 2015, the organisation quadrupled its fertility benefits and tripled its adoption support.
Intel also enhanced its parental leave programme in 2015 by offering ‘bonding leave’ of up to eight weeks following a child’s birth, adoption or foster placement for male and female employees.
In addition, it extended its sabbatical leave programme to enable staff to take four weeks of additional paid leave for every four years’ of service to the business. Its original programme gave all full-time workers eight weeks of paid leave every seven years alongside their regular annual leave entitlement.
In 2015, Intel also set itself the goal of becoming the first technology business to reach full representation of women and underrepresented monitories throughout the US. It ended the year with a quarter (25%) of its workforce being female; representing a 5.8% increase on 2014.
Intel is also working on retaining its talent by placing greater emphasis on its environment as business. Initiatives will include its 2016 diversity and inclusion summit, which will bring together its leaders and employees from its global senior women’s community, diversity leadership councils, and employee resource groups, to focus on development and building community throughout the organisation.
The organisation is also planning to host a selection of chief executive officer (CEO) diversity and inclusion summits, which will bring a select groups of mid- and senior-level women and under-represented minority employees together to share their perspectives regarding retention challenges and drive actions to address these.
In addition, its Freelance Nation initiative is aimed at retaining high-performing workers who may want a more flexible working pattern.
The report stated: “Intel has long been committed to paying our employees fairly and equitably at all levels of the organisation.
“In 2015, we conducted a further compensation analysis examining gender pay parity for US employees across job types and levels, which showed a net result of 100% [gender] pay parity. We’re incredibly proud of this result.
“In 2016, we’re intensifying our efforts with enhanced audits to comply with recent changes in the laws of California and other states regarding pay equity.”