CVS Health, a NEC member, recently signed onto the White House Equal Pay Pledge, making a commitment to actively reduce the gender pay gap.
Created in June, The White House Equal Pay Pledge is an effort by companies across the United States to address the gender pay gap. By signing onto the pledge, CVS is committing to conduct an annual company-wide gender pay analysis, to review hiring and promotional processes to reduce biases, and to embed equal pay efforts into enterprise-wide initiatives. CVS is joining over fifty companies that have adopted the pledge.
Valerie Jarrett, a senior adviser to President Barack Obama, said, “The first step is to understand whether or not there is a pay discrepancy. What we find is that employers who recognize that there is a pay discrepancy and are willing to go through that exercise also are willing to close it.”
The New England Council applauds CVS for taking concrete efforts towards reducing the gender pay gap.
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