The gender pay gap is a loss for women and the economy, but it's also a loss for companies who are not profiting from women's leadership and talent.
, are organizing to demand companies publish gender pay data and commit to making meaningful progress. Investors who know the proven impact of diversity and inclusion are advocating to improve benchmarks as a way of improving corporate performance.
In response to a shareholder proposal, Citi conducted a bottom-up analysis of each line of business to ascertain attainable goals and develop strategies to achieve them."We are in a great spot for pay, but not in representation," says Wechter."Our work is not done; we have clear objectives to increase diversity across the firm," she says,"and we are focused on improving outcomes.
The pay gap is an enormous $1.2 trillion hit to the economy every year, according to the World Economic Forum.
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