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Equal Pay

A Baseline Standard for Equality

At PMI we see equal pay for equal work between women and men as the baseline standard for equality and believe in making sure we’ve got the basics right. That’s why we’re reinforcing our commitment to closing our gender gap by undergoing an EQUAL-SALARY Certification. By submitting to the rigorous methodology developed by the independent EQUAL-SALARY Foundation, we validate that our pay practices match our commitment to equality and good intentions wherever we operate worldwide.


The EQUAL-SALARY Foundation 
is an independent, non-profit based in Switzerland. The EQUAL-SALARY Certification verifies that organizations have sustainable policies and practices to ensure that they pay their male and female employees equally for equal work.

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Gender pay equality cannot be taken for granted. PMI is leading by example and taking concrete steps to verify its equal pay practices by seeking Global EQUAL-SALARY Certification by a third-party. We want to foster trust among our employees and future talent by creating a workplace founded on fairness, inclusion and diversity – essential ingredients for our business transformation.
  • Melissa Whiting, Vice President Inclusion & Diversity, PMI

 

Today, PMI is in the process of a global EQUAL-SALARY Certification project with more than thirty country affiliates certified and many more to come. With each certification, PMI is advancing toward the goal of becoming the first international company to achieve Global EQUAL-SALARY Certification in 2019.

 

A rigorous, third-party validation on equal pay

EQUAL-SALARY Certification includes more than simple comparison of salary data to ensure we pay men and women equally for equal work - it's a process that includes multiple steps:

Step 1 Salary Analysis

Step 2 HQ visit

Step 3 On-site audits

Step 4 Global Certification

Step 5 Monitoring Audits

PMI submits its Compensation Data, i.e. all the relevant data which might impact the determination of salaries for female and male employees, and Compensation Documents, i.e. policies and other documents which relate to the Compensation Data in each country.  

PwC, the Foundation's entrusted auditor, conducts a series of interviews at PMI to gather information about:

a. senior leadership commitment to the EQUAL-SALARY principles

b. PMI's global People & Culture (P&C) management and strategy

c. the resources, processes and indicators in place to drive fair remuneration across the globe

On-site audits take place in PMI affiliates around the world to evaluate

a. management's commitment to equal remuneration between men and women

b. the integration of EQUAL-SALARY principles in all P&C processes and policies

c. employee perceptions of gender equality in the organization

After fulfilling these steps PMI will receive Global EQUAL-SALARY Certification and may communicate about this achievement both internally and externally.

Further audits take place two and three years after the certification to

a. confirm PMI's ongoing commitment to a fair, non-discriminatory wage practice between men and women

b. demonstrate continual improvement in applying the EQUAL-SALARY principles

c. validate any actions identified through the on-site assurance work

Alongside our efforts to become the first international company to receive Global EQUAL-SALARY Certification, many PMI country affiliates around the world have achieved a local EQUAL-SALARY Certification. Click here to find out which PMI affiliates are certified so far.

PMI can be proud of this effort and its strong commitment to wage parity among men and women by obtaining EQUAL-SALARY Certifications in more than thirty countries so far. This sets PMI apart by validating fairness in its pay practices and is a positive step as we work toward global wage parity among men and women and the broader goal of reducing the gender pay gap.

  • Véronique Goy Veenhuys, Founder and CEO, EQUAL-SALARY Foundation

Equal pay in practice

Thanks to the EQUAL-SALARY Certification, organizations now have the opportunity to prove that, salary-wise, they offer equal pay – and from that stems equal opportunity for women and men.

What about the gender gap?

While EQUAL-SALARY Certification doesn’t directly address the gender gap in our senior leadership at PMI, the qualitative audit is helping us uncover potential barriers which may hinder equal opportunities for women to advance. That process alone has generated more conversations and focused management’s attention on the need to improve gender balance at PMI. And this is just the beginning.

Click here to read more about our Inclusion & Diversity work.