Since 2015 the French multinational digital automation and energy management company has been implementing a global pay equity framework. The framework has been fully deployed for two years in all 100 countries were the company has a presence and with its annual salary reviews alongside specifically targeted budgets, gender pay gaps have indeed been narrowing.
Schneider Electric has succeeded in reducing its 2022 gender pay gap among its 128,000 employees to 2.59% (compared with 2.69% in 2021 and 2.82% in 2020). The company, the first among the major corporate groups to have applied a global method for reducing pay inequalities, is aiming to achieve a maximum 1% gap per gender compared with the combined employee average in 2025 (i.e. a 2% max for females, who represented 33% of headcount in 2022. Schneider Electric remains one of the few...
Do you have information to share with us?
Article authors
Antoine Piel
Section Head at Mind HR