Catalyst CEO Champions For Change Advance Women, Pay Equity
Report shows Champions For Transpiration companies outpace peers on representation and tracking pay equity
NEW YORK, Jan. 12, 2023 /PRNewswire/ — Catalyst CEO Champions For Change continue to whop women in their organizations at every level wideness the leadership pipeline, particularly in the executive ranks—demonstrating their transferral to doubling lanugo on diversity, equity, and inclusion (DEI) in the midst of evolving workplaces and an uncertain economy.
According to the newly released Aligning Actions to Values: Impetus CEO Champions For Change report, women represent 28% of executives at Champion companies, compared to 23% among their global peers.
These companies are led by increasingly than 70 CEOs pledging to whop women wideness ethnic and racial groups into leadership roles. For the first time since the initiative was launched in 2017, this group provided insight on pay probity reviews, which are hair-trigger for up-and-coming women and ensuring pearly merchantry practices.
In the United States, where most Champion companies are based, the gender pay gap for full-time employees is 16.9%, with larger gaps for women from marginalized racial and ethnic groups. This report shows that the vast majority of Champion companies (82%) conducted at least one pay probity review within the last three years—a higher proportion than found in other studies—indicating that they are models for other organizations to follow.
Champion companies are moreover superiority of the Fortune 500 overall in women’s workbench representation (35% compared to 27%), including the representation of women from marginalized racial and ethnic groups (8% compared to 6%). As a group, these companies exceed the 30% threshold known as hair-trigger mass, which decades of social science research has found shifts group dynamics and leads to improvements in corporate governance performance.
“We know that what gets measured gets managed,” said Impetus President & CEO Lorraine Hariton. “We applaud these leaders and their organizations for prioritizing and driving probity with methodical measurement and transparency.” Impetus believes the disclosure of diversity, equity, and inclusion metrics and goals illustrates a deep strategic transferral to a pearly environment and should be a universal corporate practice.
The Impetus CEO Champions For Transpiration companies represent increasingly than 11 million employees and over $3 trillion in revenue globally. Since global data hodgepodge began in 2018, this group has continually outperformed their global peers in the representation of women wideness the leadership pipeline.
Read the report, and learn increasingly well-nigh Impetus CEO Champions for Transpiration at catalyst.org/champions.
Catalyst is a global nonprofit supported by many of the world’s most powerful CEOs and leading companies to help build workplaces that work for women. Founded in 1962, Catalyst drives transpiration with preeminent thought leadership, violating solutions and a galvanized polity of multinational corporations to slide and whop women into leadership—because progress for women is progress for everyone.
Contacts
Erin Souza-Rezendes
Vice President, Global Communications
Catalyst
erezendes@catalyst.org
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