Our business is focused on managing, growing and preserving our clients’ assets, and our talented employees are our own most important asset. Diversity and inclusion are central pillars in our company’s culture, and these values inform our compensation practices. To that end, pay equity is a priority at BNY Mellon.
To stay competitive in the marketplace, we periodically conduct reviews of our pay practices. Recently, we conducted a review with an eye towards assessing how men and women are comparatively paid across our company.
Our global analysis found that, on average, women are paid 99 percent of what men are paid when accounting for certain factors, including geography, level and job to make the comparisons more relevant.
Furthermore, we conducted a similar analysis comparing how U.S. minority and non-minority employees are paid at BNY Mellon, which found that minority employees are paid on average more than 99 percent of what non-minority employees are paid when accounting for certain factors, including geography, level and job.
At BNY Mellon, we are committed to providing equal pay for equal work. We plan to continue our review of pay practices to further this goal and, if necessary, to make adjustments, as appropriate.
We’re committed to continuing to grow our company and serve our clients. Ensuring our compensation practices are equitable, regardless of gender or race, is a critical step in that mission.