Workday embraces diversity—including different perspectives, insights, backgrounds, and skills— because it fuels innovation, and creates a broader connection to the world. We believe that all employees deserve fair and equitable pay and an equal chance to succeed. Each year, we conduct a company-wide race and gender pay analysis to ensure fair and equitable pay among all individuals in the same role.
During each year’s annual compensation cycle, we run our pay parity analyses, and quickly adjust any small number of disparities that may arise. We have a market-based pay structure that compares our roles to that of our industry peers in each region. As part of this review, not only do we take a look at base salary, but we also examine on-target earnings as well as annual stock refresh grants. This process ensures we pay according to the market value of every job we offer, diminishing unconscious bias and structural barriers.
Each year, the results of the pay equity analysis are encouraging, and support the belief that all employees should be paid fairly and equitably for the same role. Our annual reviews consistently reveal no disparities for greater than 99 percent of our global population. In FY20 and FY21, the adjustments required to address any disparities in our annual pay parity analysis equated to less than 0.01 percent of our global base salary payroll, and less than 0.1 percent of our total stock budget was needed to adjust total stock grant refreshes. We’re thrilled to see the continued great results in the pay parity analysis as we continue to strive toward inspiring a brighter workday for all.
We know that pay parity is an ongoing journey and we will continue to monitor it on a regular basis, as well as continue to enhance Workday applications to support this work for both ourselves and our customers.
The gender pay gap, as outlined by the UK Government, is the difference in the average hourly wage of all men and women across a workforce. The findings of the Workday UK gender pay gap report reflect the fact that there are more men employed by Workday in the UK, and a greater number of men are in leadership roles. Workday is fully committed to improving this and, along with many of our peers, we are pursuing forward-thinking policies and gender-equal recruitment policies.
Looking at our diversity data, we’ve seen several notable trends across our organisation this past year. For example, we continue to make strides in increasing the diversity of our leadership—defined as roles of director and above—across Workday. Across our executive leadership team, our chief people officer, chief financial officer, chief customer officer, chief diversity officer, chief marketing officer, and chief privacy officer are women, as are a number of Workday senior vice presidents.
And as highlighted in our FY21 Global Impact Report, last year 34 percent of Workday senior leadership positions were held by women. It’s also worth noting that 38 percent of our global population of women are working in tech roles, and women hold 41 percent of Workday people manager positions. Our overall global gender representation continues to trend upward for women in leadership and management positions. This is 10 percent higher than many of our tech peers and puts Workday at the 75th percentile of comparable tech companies.
We firmly believe that as an industry, the technology sector must continue to promote, encourage and develop female talent. Workday remains committed to that goal, and our global leadership team is testament to that commitment. Every organisation must show that regardless of gender, people are salaried, bonused, and rewarded in a fair and equitable way. Pay equity is critical as we work to close the gender pay gap; we must encourage women to move into the technology industry at all levels if we are to drive change.
Further information about our commitment to diversity and inclusion can be found in our Global Impact Report or on our blog.