Major tech companies are focusing on reducing gender and race pay gaps (which have been substantial to date) and are investing significant sums to accelerate the process. The attached article offers an interesting insight into how the tech sector is approaching this very topical issue.
Ahead of Equal Pay Day on April 10, Lyft is committing to conducting yearly equal pay audits to ensure there are no pay discrepancies across race and gender. Last year, Lyft said it found pay discrepancies for less than 1 percent of its employees, and spent about $100,000 to adjust their salaries accordingly. Lyft has yet to conduct its second annual pay audit.