60 Minutes: Leading by Example to Close the Gender Pay Gap
The “Me Too” movement has shaken the workplace to its core. It has such power that it has come to mean more than sexual harassment. “Me Too” is now also about the issue of unequal pay between men and women.
According to the U.S. Census Bureau, a woman made 60 cents for every dollar made by a man in 1960. 40 years later, in 2000, that gap had been narrowed by just a dime. And it has taken nearly two decades more to shave another dime off the gap. Today women still make 20% less on average than their male counterparts.
A tech company called Salesforce is the perfect example of just how tough it can be to close the remaining pay gap. Salesforce is huge – 30,000 employees, $10 billion in annual revenue – and it was just ranked by Fortune as the number one best place to work among big companies. That helps explain why founder and CEO Marc Benioff was so cocky when the woman who runs his human resources department came to talk to him in 2015 about equal pay.
Original content: YouTube: 60 Minutes