International Women’s Day 2018: Survey Finds Closing Gender Pay Gap Benefits All

Accenture, a business management conglomerate identifies 40 factors to improve workplace equality, and the benefits equal pay has for all employees.

On this  International Women’s Day,  the consulting and services firm Accenture has listed forty things to improve gender equality in the modern work environment, and how applying them will enable satisfaction for both male and female employees.

They achieved these findings through compiling the results of a global survey of 22,000 working men and women into an econometric model.  The survey includes in its statistics accounts relating to varying gender rates at different company levels, spaces between various positions associated with specific skills, and sexual harassment claims.

The forty traits Accenture currently recommends in closing the gender pay gap include raising the ratio of every 65 female to 100 male managers to 87, ensuring for every male salary of 100 dollars a female’s is 94, and increasing the annual salary overall for women by 20,000 dollars, if not flatly by 52%.  In turn, the model predicts, this ensures all employees have an 89% motivation to reach senior positions, 90% aspiration for promotion, and 98% satisfaction rate with career progression, with females four times more likely to get promoted and males two times as likely.  Two lasting goals Accenture is striving for are to ensure a 25% rate of female managing directors by the year 2020, and solidifying an equalized workforce by 2025.

True to their motto,  “New isn’t on its way.  We’re applying it right now.”  Indeed, 32% of the company’s newly promoted managing directors were women in 2017.

Such findings beg the question about how improbable it was before to ensure equal pay for all, and the solidity of alleged factors that stood in the way of that right.  Of the 22,000 global interviews with working men and women it conducted, the company especially took note of “fast-track women” in the domestic percentile of interviewees, spanning over 1,400 US-based workers.  As their title suggests, these women were singled out for their rapid career progressions in contrast to the average working female.

Accenture’s North America CEO Julie Sweet stated in a press statement, “Our research shows that in companies with cultures that include the workplace factors that help women advance, men thrive too, and we all rise together.  We see this research as a powerful reminder that building a culture of equality is essential to achieving gender equality because people, not programs, are what make a company inclusive and diverse.”

The company headquarters are in Dublin, Ireland since September 2009.Previously its headquarters were in Bermuda. The company is led by Pierre Nanterme Chairman & CEO. In 2015, Nanterme was named to Fortune’s “Businessperson of the Year” list of top CEOs.

Accenture common equity is listed on the New York Stock Exchange, under the symbol ACN, and was added to the S&P 500 index on 5 July 2011.

The consulting firm began as the business and technology consulting division of accounting firm Arthur Andersen under the name Andersen Consulting. In August 2000 after a lengthy legal battle, it broke all ties with Arthur Andersen and took the name Accenture. 

At the time of publishing, we were unable to obtain comments from the company. Updates will be provided if new information is provided.

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