McDonald’s on track to close its gender pay gap in 2022

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According to the Bureau of Labor Statistics, women in the US earn 82 cents for every dollar a man earns.

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McDonald’s says it is on track to close the fast food chain’s gender pay gap in 2022.

“Our company is adjusting pay and investing in equal pay within the business, and our efforts have been very successful,” said Debbie Ballard, McDonald’s vice president of global business services. blog Post on Tuesday. “According to a 2021 Equal Pay Analysis among employees and company-owned restaurant workers, McDonald’s pays women globally 99.85 cents on the dollar for equal work with legitimate pay drivers such as level, location, experience and performance.” Keeping in mind.”

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Ballard said that about 54% of McDonald’s global employees are women.

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Women make 82 cents for every dollar a man earns, according to Bureau of Labor Statistics.

BLS statistics Shows that, in 2020, the annual income of women was 82.3% of that of men. compared to white men with the same educationBlack and Latina women, with only bachelor’s degrees, have the largest gap of 65%, and black women with advanced degrees earn 70% of what white men with advanced degrees earn.

McKinsey & Company’s 2021 Women in the Workplace Report found that women currently make up about 48% of entry-level employees, 41% of managers, 35% of senior managers and directors, 30% of vice presidents, 27% of senior vice presidents and 24% of the C-suite in corporate America. Officer.

However, the female corporate workforce in the US is overwhelmingly white, with women of color accounting for 17% of corporate entry-level employees, 12% of managers, 9% of senior managers and directors, 7% of vice presidents, 5%. Senior Vice President and 4% of C-Suite executives.

In addition to closing the gender pay gap, Ballard says McDonald’s is “working to diversify our leadership; continue to hire diverse world-class talent; provide the most competitive learning and development among our peers.” programming; and creates formal mentoring and sponsorship programs to accelerate success in our workforce.”

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“All of this work elevates us to who we are and brings our values ​​to life in a very real way,” Ballard said. “I’m proud that McDonald’s is leading the charge, and I’m excited to see the positive changes we make in the future.”


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