The company has been in news for pay discrimination for two weeks. Intel finally settled the dispute by paying $5 million to an employee. The US Department of Labour has alleged that the company is discriminated against women and minorities in terms of salaries offered. Intel also clarified that it has closed the pay gap. The Equal Employment Opportunity Commission (EEOC) now requires pay data from all companies with more than 100 employees. However, there is no necessity to disclose the data publicly. The commission requires only the race and gender data.
EEOC’s statement said, “Although much progress has been made in the past 50 years, pay disparities continue to be a problem in the American workplace. The data will encompass more than 63 million workers and will strengthen enforcement efforts of pay equality laws and help employers evaluate their own practices.”
Intel has taken a further step by committing to disclose the data publicly. The chipmaker believes that full disclosure is a gold standard in this case. Intel says that it has reached gender pay parity across its locations in 50 countries.
The decision is a step forward in the push for pay transparency. There is certainly a high risk in releasing this information. Major tech companies across the globe have never shared such sensitive data publicly. Companies like Google, Apple, Facebook constantly publish statistics but not the detailed data. Intel’s disclosure will provide a deeper look at gender and racial gaps in the tech industry.