Only a minority of America's largest companies analyze and actively share data on pay equity for people of color and women, according to two reports from research non-profit Just Capital.
Only 22 percent of America's largest 100 employers disclose data regarding compensation between employees by race, CNBC reported July 7. Also, only 43 percent of those companies run compensation and pay equity analyses focussed specifically on race. Only companies with a near perfect 1:1 ratio of non white to white worker pay are releasing results, suggesting that other companies know they are falling short.
Another report from the same research group found similarly only 23 percent of the largest companies analyze gender pay data and only 35 percent of companies that complete the analysis share results.
"In making transparent the inequities present in our current system, taking steps to address those inequities, and disclosing progress, companies make real their commitments to building more diverse, inclusive, and equitable workplaces, taking the concrete action needed to build a more just economy overall," wrote research analyst Aleksandra Radeva, in a report of Just Capital's findings.