Adobe has reached pay parity across its company worldwide delivering on a promise it made earlier this year.
The company said this is a critical milestone in its ongoing commitment to providing employees with a workplace that is inclusive, innovative and exceptional.
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Adobe said pay parity is ensuring employees in the same job and location are paid fairly to one another, regardless of their gender or ethnicity.
As a core element of its gender pay parity initiative, the company analysed its employees’ pay within job families and location, and then made a small number of adjustments to employees’ pay based on that review.
These global pay adjustments, including those previously made in the United States and India, impacted less than five per cent of Adobe employees and less than 0.2 per cent of global payroll costs.
Shantanu Narayen, president and CEO at Adobe said, “Diversity is about valuing the unique life experience that every employee brings to work every day.
“I’m proud that we’ve taken this important step toward fair recognition of all our people’s contributions—achieving this milestone is fundamental to who we are.”
Suzanne Steele, managing director, Adobe ANZ said, “Advocating for women in leadership is something I’m passionate about and I’m thrilled that Adobe has achieved pay parity between men and women in Australia and New Zealand, and around the world.
“When people feel appreciated and included, they can be more creative, innovative and successful. I’m proud to work for a company which values the contribution of all employees, regardless of their gender or background.”
Donna Morris, executive vice president of Customer & Employee Experience, Adobe said, “We’re proud to continue creating a culture that fairly rewards and recognises the contributions of all our employees across the globe.
“Adobe is leading the industry by demonstrating that what is good for employees is good for business, and we hope this inspires other companies to embrace this type of equality.”
Bridget Gray, managing director at Harvey Nash said in Australia there is still a pay parity gap across all industries and occupations.
“The most recent WGEA report stated that women earn on average $26,527 less than men a year, for full time employment. However the good news is that Australian employers are taking action to close this gap using various measures, notably by pay gap data analysis becoming more common place, and reporting the results up to the board.
“In my experience working with organisations to find key digital and tech talent, and from what I think culminates from a variety of high profile events leading up to today; including the shaming of tech giants that have handled pay parity, diversity and inclusive leadership situations poorly, these tech giants and industry leaders are now starting to lead the way globally, in transparency and actively working to address their pay gap.
“They are also publicly celebrating milestones when they are reached and role modelling successful contributors to their organisation.”
In December 2017, Adobe announced US gender pay parity, followed by India pay parity in January 2018. In 2016, Adobe announced pay parity between white and non-white employees in the U.S. Adobe is committed to maintaining pay parity through its hiring, acquisition integration and annual pay review processes.