For the first time, PayPal is making the demographic information of its 18,000 available to the public. CEO Dan Schulman said on Thursday (Aug. 4) that the decision to share PayPal’s employee demographics is part of the company’s ongoing mission to build an inclusive and diverse culture.
“As part of our commitment to being inclusive, we are building a work environment that reflects the world we live in and celebrates the incredible variety of experiences, capabilities, talents, backgrounds, and interests of our employees who shape our culture, build our products and services, and work every day to make moving and managing money easier, safer, and more convenient for millions of customers around the globe,” Schulman said in a blog post.
He noted that the numbers will be shared annually to establish the type of transparency that’s necessary to foster a “constructive dialogue, action and progress.”
According to the initial data, PayPal has an overall strong gender balance across its global workforce, with 56 percent male and 44 percent female employees.
“Just as important, there is no disparity at PayPal in salaries between women and men. One of our most important priorities was to ensure that people working in comparable roles are paid equally throughout the company regardless of gender,” Schulman added.
PayPal employees represent 119 nationalities, located in 56 offices across 31 countries.
The workforce data show that 56 percent of PayPal’s employees classify their ethnicity as white, 28 percent identify as Asian, and the remaining 16 percent are made up of those that identify as black or African American, Hispanic, two or more races and other.
Schulman explained that while PayPal’s ethic demographics are better than most tech companies, the numbers now are still short of its goal to have a workforce that “truly reflects the makeup of the communities in which we work and live.”
PayPal’s data also show that millennials make up the majority of its workforce (55 percent) while other generations come in at almost half (45 percent).
“To build on this foundation in the year ahead, I have asked senior leaders from across the company to make diversity commitments backed up by clear organizational management plans,” Schulman continued.
“In addition, we’ll seek to nurture diverse leadership talent within the company through initiatives such as expanding our mentorship program for women, and by investing in our Inclusion & Diversity communities.”