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Did Salesforce Just Solve the Wage Gap?

Did Salesforce Just Solve the Wage Gap?

The pay gap cannot be solved in one day, but Salesforce CEO Marc Benioff is trying to make major progress with it at his company. This week he gave $3 million more in salary to female employees after analyzing all female employees' salaries and comparing them to his male employees’ salaries. Benioff is now able to say, "We pay women the same as we pay men." According to Fortune, with about 23 percent (4,000) women making up Salesforce's 17,000-strong workforce, it comes out to a $750 raise per female employee.

At Fortune's Global Forum this week, Benioff said, "I think I got called out this year, and it was a difficult moment for me as a leader, for sure. We also believe very strongly in equality. We believe in equal rights for our employees, for them to have those rights, that is. Equal pay for women is critical."

This is tremendous, but the real question is will other companies follow suit? Especially in the male-dominated tech industry? This could set a major precedent for other companies. With a trend in improved paid maternity and paternity leave policies catching on recently, this could be the next big thing in game changing policies.

More From Levo:
• Amazon's New Parental Leave Policies Are Way Better Than #PrimeDay
• "Why Career Happiness Is More Important to Me Than a Big Paycheck"
• Your Interviewer Asks You to Take an Edit Test — Now What?

Photo Credit: Bloomberg via Getty Images