Powering Our Progress: Expedia Group's Journey To Pay Parity

Rhea-AI Summary

Expedia Group announces commitment to pay parity and shares results of first all-company pay assessment, revealing 1.9% of global employees required adjustments. Women at Expedia Group now earn $1 for every $1 earned by men in comparable jobs globally. Employees from underrepresented identities in the U.S. also earn $1 for every $1 earned by non-underrepresented employees in comparable jobs.

NORTHAMPTON, MA / ACCESSWIRE / November 2, 2023 / Expedia Group
By: Michael Davis Velasco

Expedia Group's mission is to power global travel for everyone, everywhere. Part of this includes reviewing our systems and processes to ensure fairness and equity - including employee compensation.

Pay parity is a key part of driving a fair and inclusive culture. Yet, historic, and systemic factors such as educational backgrounds, unconscious bias, and employment processes all play a role in the lack of pay equity in the workplace and need to be addressed. Not only does pay parity increase workplace productivity, research shows that closing the pay gap could generate a 10% GDP boost for developed economies and a 13% lift for emerging markets. However, according to the World Economic Forum's 2023 Global Gender Gap Index, no country has yet achieved full gender pay parity.

Expedia Group is committed to paying employees in similar job functions comparably, regardless of their identity. Our first step toward closing the pay gap was to conduct our first all-company pay assessment across roles, demographics, and locations to determine what disparities existed and why. Aligned with our inclusion and diversity hiring and representation goals, we developed action plans focused on correcting these disparities by making salary adjustments for all genders globally and all races and ethnicities in the U.S.

Our analysis found 1.9% of our global employees required adjustments. Of those, 0.90% were based on gender globally and 1.0% were based on race or ethnicity in the U.S. After making the adjustments in salary, we are proud to share that women at Expedia Group earn $1 for every $1 earned by men on a global basis for comparable jobs. Similarly in the U.S., employees from underrepresented identities (URI*) now earn $1 for every $1 earned by non-URI employees in comparable jobs, as of April 2023.

Per Payscale's Gender Pay Gap Report for 2023, women in the U.S. earn only $0.83 per dollar men make, and the gap is even wider for those from underrepresented identities and for people with disabilities. As Latina Equal Pay Day took place this week, I am reminded of the deep gap that still exists for women of color. Pay parity should be front and center for all companies and at Expedia Group, it is. As we know, market conditions and competition for top talent are key factors impacting compensation, and as a result, Expedia Group will audit compensation annually. We will hold ourselves accountable for making appropriate adjustments as needed. Pay parity is one of the many ways Expedia Group is working to ensure equity throughout the entire employee experience so that all employees feel valued and empowered to thrive and grow.

Check out our Inclusion & Diversity report to learn how we are making Expedia Group a workplace where everyone feels seen, heard, and valued.

Read our Global Impact report to learn how we are making travel more open, accessible, and sustainable for everyone.

*URI refers to Black, Latinx, Indigenous and Multiracial identities

View additional multimedia and more ESG storytelling from Expedia Group on 3blmedia.com.

Contact Info:
Spokesperson: Expedia Group
Website: https://www.3blmedia.com/profiles/expedia-group
Email: info@3blmedia.com

SOURCE: Expedia Group

View source version on accesswire.com:
https://www.accesswire.com/798854/powering-our-progress-expedia-groups-journey-to-pay-parity

FAQ

What is the main announcement in Expedia Group's press release?

Expedia Group announces commitment to pay parity.

What percentage of global employees required salary adjustments?

1.9% of global employees required adjustments.

What is the pay parity for women at Expedia Group globally?

Women at Expedia Group earn $1 for every $1 earned by men in comparable jobs globally.

What is the pay parity for employees from underrepresented identities in the U.S.?

Employees from underrepresented identities in the U.S. earn $1 for every $1 earned by non-underrepresented employees in comparable jobs.

What is the current gender pay gap for women in the U.S. according to Payscale's report?

According to Payscale's Gender Pay Gap Report for 2023, women in the U.S. earn only $0.83 per dollar men make.

What identities are included in the term 'URI'?

'URI' refers to Black, Latinx, Indigenous, and Multiracial identities.