Study Ranks GM No. 1 in the World for Gender Equality
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The second annual Global Report on Gender Equality collected data on over 3,000 companies around the globe, assessing them on criteria like equal pay, women in leadership positions, and flexible working conditions. GM came out on top in the study, which was put together by the gender equity advocacy organization Equileap.
According to the study’s findings, GM was ranked No. 1 based on at least five achievements:
- It’s the only one of America’s top 20 companies to both employ a woman as a CEO (Mary Barra) and maintain an equal split between women and men on its board of directors.
- The company recently named another woman, Dhivya Suryadevara, as its first female CFO.
- Gender equality is encouraged by specific company initiatives like anti-sexual violence policies and supplier diversity requirements.
- The overall pay at GM is equal — and it’s also one of only two businesses around the world to achieve equal pay from the top to the bottom of the company.
- The company’s flexible work locations and work hours are friendly toward women who want to balance careers and family.
In last year’s study, GM came in second, just behind the cosmetics company L’Oreal. Their positions were flipped this year. The other companies that made this year’s top 10 are Kering, Merck, StarHub, Tele2, Westpac Banking, National Australia Bank, Swedbank, and JPMorgan Chase.
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News Source: Detroit Free Press