Intel to share employee pay data other companies choose to hide

Intel is the only tech company willing to disclose internal data on how much it pays its employees – broken down by gender and race. While the US Equal Employment Opportunity Commission (EEOC) requires the information from companies with over 100 employees, it will not release it publicly. But in a bid to be more transparent and usher in change, Intel is releasing the pay information publicly, an unprecedented move among its peers. Intel has long been a staunch advocate of progressive change in the tech industry, and it’s hoped that its open pay disclosure will push other companies, specifically but not limited to those in the tech industry, to do the same. While many companies offer diversity reports, Intel remains the only major silicon valley company to offer actual pay data publicly. “The risk of releasing this information is backlash over the data not being where you want it to be,” Julie Ann Overcash, Intel’s vice president of human resources and director of compensation and benefits, says to Bloomberg. “You must be willing to put yourself out there as a company that can withstand criticism to achieve real progress.”
Syndicated from here: Intel to share employee pay data other companies choose to hide