Intel Met Its "Year-End Goal" With 100 Percent Equal Pay for All Women and Underrepresented Minorities

On Tuesday, Intel announced that according to the chipmaker's 2016 diversity and inclusion report, it achieved its "year-end goal" of 100 percent pay equality for both women and underrepresented minorities.

"We view pay and promotion parity as signals of the overall health of our company as well as a means of ensuring equity for all employees," chief diversity and inclusion officer, Danielle Brown told Fortune.

The 15,000-employee recorded survey was conducted to "look into the challenges our employees of color face." Since the close of pay and promotion gap, Intel has met its "diverse retention goal," claiming 45 percent of new hires in 2016 were of diverse backgrounds.

In addition, Intel incorporated a new support service dubbed WarmLine for employees to consult when considering moving on from the company.

"In 2017, data and learnings from our multicultural retention and progression study and the WarmLine will be used to create tailored playbooks to improve our diverse representation, and improve inclusion within each business unit," Brown wrote.

Watch AOL Inc. CEO Tim Armstrong announce the media company's initiative to achieve 50/50 gender diversity by 2020 at The 2017 MAKERS Conference in the player above.

NEXT: The 2017 MAKERS Conference: Tim Armstrong »

Related Stories:
Emmy Rossum Will Get Equal Pay for Her Role On "Shameless"
Emma Stone and Jennifer Aniston Get Real in Their "SNL" Skit About Equal Pay

Photo Credit: Getty Images