More companies are disclosing their internal data on racial pay equity. The bad news: even more companies aren’t ready to share, and that suggests progress at reaching parity in pay between white and non-white employees remains slow across the corporate landscape.
An analysis this week from ESG research non-profit Just Capital shows that only companies with perfect or near-to-perfect racial pay equity scores are sharing results.
In all, less than half (43%) of America’s largest 100 employers disclose conducting pay equity analyses with a specific focus on race and ethnicity, according to Just Capital. And even fewer companies share the results — just 22% of the 100 largest U.S. companies disclose non-white-to-white adjusted pay ratios.
“Companies that aren’t disclosing that information potentially just don’t feel like they’ve reached that point where they can tell a good story and see too much risk in releasing this data,” Ashley Marchand Orme, director of corporate equity at Just Capital, told CNBC this week.
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