Investors are pushing technology companies to accelerate diversity measures and link executive pay more directly to their progress. A perfect example is LinkedIn, and how it influenced the Microsoft.
The purchase of LinkedIn by Microsoft raised the percentage of women in the software company, slowing a decline of two years, despite the fact that the increase in minority employees slowed.
Women in the merged company represented 27% of the workforce at the end of September, compared to 26% last year alone at Microsoft Corp., the company said in an article posted on its website.
Without the addition of LinkedIn staff, the percentage remained broadly unchanged. The purchase of LinkedIn by Microsoft for USD $ 26,000 million was closed about 11 months ago and currently, the company employs 125,416 people around the world.
The percentage of black workers increased to 3.9% from 3.7% last year at Microsoft. Hispanic workers increased to 5.6% of staff from 5.5% a year earlier. Without including the LinkedIn figures, the numbers would have gone up to 4% and to 5.9%, according to Kathleen Hogan, chief of staff.
Investors are pushing technology companies to accelerate diversity measures and link executive pay more directly to their progress. Microsoft agreed to link the two measurements last year.
Apple Inc., Facebook Inc. and Google’s parent, Alphabet Inc., which have said they do not have a gender pay gap, have faced shareholder calls this year to introduce changes in diversity practices and disclosure of data.
Tech companies lag behind other sectors in linking executive salaries to environmental and social metrics, according to data compiled by Bloomberg. Apple has opposed proposals from shareholders to add this metric to compensations.
The above article was written and published in Spanish and has been translated into English. Click here to read the original article.