Global cybersecurity organisation McAfee has achieved gender pay parity across its 7,100 employees worldwide.
McAfee conducted an audit of employee pay in March 2019, which covered its entire workforce, based across 45 countries. This analysis identified gender pay gaps in nine countries. To address this, McAfee invested $4 million (approximately £3 million) to make salary adjustments that would close the gender pay gap in these locations.
The required salary adjustments came into effect on 1 April 2019; the organisation plans to monitor and address pay parity on an annual basis moving forwards.
Chatelle Lynch, chief HR officer at McAfee, said: “By achieving gender pay parity at McAfee, we continue to live our values, build an inclusive culture, create better workplaces and develop stronger communities. I’m honoured to join [organisations] beyond the world of cyber already striving towards pay parity, and I hope more will join us in reaching this milestone in equality.”
Delivering pay parity aligns with McAfee’s first inclusion and diversity report, which highlights its strategy to support and increase its diverse workforce. The strategy is centred around three pillars: connect, thrive and ignite. This involves measures such as offering inclusive employee benefits, providing development opportunities specific to women and minority groups, operating a 12-week return-to-work programme and adopting inclusive hiring practices.
The organisation defines gender pay parity as providing fair and equal pay for employees in the same job, level and location, controlling for pay differentiators such as performance, tenure and experience, regardless of gender.
Christopher Young, chief executive officer at McAfee, added: “At McAfee, we value the innovation, creativity and strategic problem-solving that flourishes in an inclusive and diverse environment. We believe in the simple fact that every employee, regardless of their gender identity, should be compensated fairly and equally for their individual contribution to the [organisation].
“I’m proud to lead [an organisation] that puts actions behind its beliefs and makes gender pay parity a reality for all employees.”