Times Internet employing over 5000 employees across eight cities has announced that it has achieved the milestone of overall gender pay equality.
Times Internet had appointed Aon to conduct an independent pay equity audit across the entire organization. The results confirmed that there is no gap between female and male employees concerning pay, rewards, and promotions at the company.
Gautam Sinha, CEO of Times Internet shared in media that “Pay equity is a huge issue across every industry in every country. We believe that each and everyone deserves respect and equal opportunities for growth. Which is why we worked towards creating a truly meritocratic work culture, wherein every employee is evaluated and rewarded solely by their work and performance, and nothing else.”
Sharing its journey on achieving the gender pay parity, Times Internet first reviewed its compensation practices to eliminate the existing gender bias and discrepancies. The company adopted an online performance appraisal system, which resulted in an open, fair and transparent process for all employees. The company also initiated diversity training workshops to help employees identify and eliminate conscious and unconscious gender biases.
Last year, the technology giant, Adobe has introduced a gender pay parity policy in India and US to achieve pay equality between male and female employees across levels. Earlier this year in January, Adobe announced that they had closed the gender pay gap in India.