McDonald's to make gender pay gap clearer in 2022

McDonald's says it will make the gender pay gap clearer in 2022 if McDonald's hires 1 chef as a waitress, in a chain of restaurants that doesn't sell produce.

Our company has been investing in equal pay within the business and our efforts have been extremely successful, McDonald s vice president of global business services said in a blog post on Tuesday. As of its 2021 equal pay analysis across staff and company owned restaurant employee, McDonald's pays women globally 99.85 cents on the dollar for similar work taking into account legitimate pay drivers such as level, location, experience, performance, and performance. Ballard noted that approximately 54% of McDonald's global staff is women.

Women earn 82 cents for each dollar a man earn, according to the Bureau of Labor Statistics.

BLS data shows that, in 2020, women's earnings were 82.3% of men. Compared with Black and Latina women with only a bachelor's degree have the largest gap at 65%, and Black women with advanced degrees earn 70% of what White men with advanced degrees earned.

McKinsey Company's 2021 Women in the Workplace reports that women make up approximately 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 C-suite executives.

However, the female corporate workforce 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% of senior vice presidents and 4% of C-suite executives.

In addition to solving the gender pay gap, Ballard says McDonald's is working to diversify our leadership; continue to hire diverse world-class talent; offer the most competitive learning and development programming among our peers; and create formal mentoring and sponsorship programs to accelerate success in our workforce. All this work raises who we are and brings our values to life in a very tangible way, Ballard added. I m thrilled that McDonald s is leading the charge and I am proud to see the positive change we'll create in the future.