Written By – Geet Jalota (Author of “Have the women left Venus?” )
Today, 20 percent of Germany’s corporate boardroom seats belong to women, and in a move that will increase gender diversity, the country passed a law in March instituting boardroom quotas. The law requires that companies have at least 30 percent women in supervisory seats, and German Justice Minister Heiko Maas called it “the greatest contribution to gender equality since women got the vote.” Germany follows in the footsteps of Norway, Spain, France, Iceland, Italy, and Belgium, which all have similar legislation.
While many strategies have been recommended to address the wage gap within companies, Sales force, the cloud-based software company, opted to vanquish it completely by reviewing its payroll and simply adjusting salaries so that all female employees made the same amount as the men in comparable roles. The decision, which was first made public in November, was implemented following the review of 17,000 employees’ salaries and cost the company $3 million.
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