White and Asian men dominate the company’s workforce, according to a report released Tuesday by Intel. The results are not surprising, as is typical among Silicon Valley’s biggest companies. The chip giant found that in 2018, 29 of its 52 executives, all white, asian men hold 11 positions, and eight white women in high-level positions, with only one black male, one black woman, one Hispanic woman and one Asian woman.
The information was recorded in a report sent by Intel to the U.S. Equal Employment Opportunity Commission, which tracked the salaries, race and gender data of the company’s roughly 51,000 U.S. employees.
This is the first time that the EEOC has required all companies with more than 100 employees to provide the same compensation data, although companies do not have to publicly disclose the data. Previously, the EEOC required companies to disclose race and gender data to them, but did not need payroll data.
“From our latest compensation data, it is clear that we must continue to focus on the growth of all qualified employees within the company and build a deeper culture of inclusion so that we can hear all the voices,” Intel’s chief diversity and inclusion officer and vice president of human resources said in a statement. “We have learned that transparency is the driving force behind our progress and is critical to that progress. “
The pay gap is one of the many diversity issues facing tech companies, with Silicon Valley facing serious problems in dealing with women and minorities, and the industry having room to improve in recruiting, retaining and promoting.
On average, 30 percent of the workforce in the tech industry is female, but studies have shown that more diverse teams show greater creativity and experimental ability and better performance in terms of gender and race. Earlier this year, the employment information website GlaSSDoor published more than half a million wage reports, and the unfortunate figure is that, based on current progress, it will take 51 years to close the wage gap between men and women.
The report found that whites were the highest paid in the job category, except for the executive level. Most of the company’s employees fall into the “professional” category, and almost all earn at least $80,000 a year.
Intel agreed in October to release more personal compensation figures after agreeing to pay $5 million to settle allegations that employees were discriminated against on racial and gender issues, and before the settlement was reached earlier this year, the chipmaker said it had narrowed the pay gap between them.