Intel became the first major company to reveal its employees’ pay data, among others. The data showed that most of them are white men among its top executives who are earning more than $208,000 (around 1.5crore rupees). It revealed that 41 of 52 top-earning executives are in this category. An analysis by Bloomberg News, which first reported the data found that 1 out of 4 white men is in this top salary band.
The other major companies did not reveal their employee pay data except Microsoft, which mailed that “it has nothing more to share” at this time, and Google said, “it has nothing to share specifically.”
Several experts opined that intel wouldn’t get a sharp rise with its voluntary data release over others.
US Equal Employment Opportunity Commission has said that it has planned to shelve the rule requiring pay data collection, citing unnecessary costs to employers and their unproven utility.
Under Obama-era rule, the EEOC, all those employers with more than 100 employees, to disclose data about gender and racial figures of the US workforce across ten categories broadly as well as breakdown according to their pay-bands.
Companies may also opt not to reveal data as EEOC is planning to drop the rule, said Jocelyn Frye, a senior representative at the Centre for American Progress.
Intel Chief Diversity Officer Barbara Whye said, “Company released the data so that it enables us to celebrate our success and look out on our setbacks.” She also said that the company wants to “raise the bar in transparency bar and lead in the industry, which in turn raises for others as well.”
The Center for Investigative Reporting’s Reveal project asked 211 largest companies to reveal the pay data, out of which only 30 made it public.