Some female Nokia employees will get a raise this summer, part of the company’s effort to close its gender pay gap. The Finnish network-equipment vendor will allocate a special budget to eliminate salary differences between men and women who do the same jobs. A recent pay audit by Mercer found a pay gap at Nokia that could only be explained by the gender of the employee. Most of the underpaid workers are women, but a few men will get raises, too.
“It showed a small but statistically significant unexplained pay gap between men and women,” Chief Executive Officer Rajeev Suri said. “We’re doing this because it doesn’t fit with our values to have a pay gap like this. That’s mostly because men hold more higher-paying jobs at the company, but Mercer also found some of Nokia’s female employees weren’t getting paid equally with their male peers, either. Salesforce.com is the best-known example of the approach that Nokia’s now taking.
In 2015, the San Francisco-based software company spent $3 million to eliminate its gender pay gap. It’s also found that even after spending money to close the gap, a new one emerges every year. It spent another $3 million to close salary gaps in 2017, as new disparities were uncovered. ” Nokia had revenues totaling 22.6 billion euros last year.
French said the pay gaps they found were mostly small, but “pretty widespread” with a higher likelihood of appearing among engineering and R&D staff. “So we did.
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