Diversity, equity, and inclusivity (DEI) in an organization is fundamental to bring unique perspectives and ideas to create innovative, productive, and resilient enterprises. DEI adds to equality of opportunity and treatment in the workplace at all stages of the employment relationship, including recruitment, retention, promotion, remuneration, and access to training and skills development.
The gender gap in organizations has narrowed over the past three decades, given easier labour mobility worldwide. There has also been an increasing global awareness regarding the right to a dignified and respectful workplace irrespective of sexual orientation and ethnicity of the employees, which promotes an open and inclusive workplace. However, labour market disruption due to the COVID-19 has had devastating consequences globally. According to International Labour Organization (ILO), women’s employment declined by 5% globally in 2020 compared with around 4% for men.
The technology industry is working towards closing the gender gap and enhancing inclusivity in the years ahead. Technology companies thrives to create flexible work and well-being programs such as free mental health counseling and childcare to promote positive work culture.
PayPal Holdings Inc (PayPal) is a technology platform and digital payments company which provides technology and payment solutions that facilitate mobile, in - app, and online payments for merchants and consumers. In 2021, the technology company reported 43.7% women participation in its workforce, an increase of 0.8 percentage points over 2020. At the executive level, representation of women globally increased to 33.3% by 0.6 percentage point over 2020.
In 2021, the representation of Asian American employees in the US PayPal workforce was 33%. Black & African American and Hispanic & Latinx employees represented 7.4% and 8.6% of the US workforce, respectively.
PayPal has committed $15 million to strengthen internal DIE&B (diversity, inclusion, equity and belonging) programs and promote racial equity related thought leadership and public policy.
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