Schneider Electric: a global pay equity framework to reduce gender inequality

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.

Through Antoine Piel. Published on 13 April 2023 Ă  15h07 - Update on 13 April 2023 Ă  15h09

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.…

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