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Givaudan receives recognition for its long-standing equal pay practices

Source:Givaudan Release Date:2024-05-06 87
Food & BeveragePersonal Care Industry Updates
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As it aims to be a leading employer of inclusion, Givaudan achieves certification across Switzerland, Spain, Mexico, Singapore, Argentina, France, Hungary, the Netherlands and the United States.

Givaudan, the global leader in Fragrance & Beauty and Taste & Wellbeing, announced it has achieved Fair-ON-Pay certification in multiple sites covering a significant number of employees.

 

As it aims to be recognised as a leading employer for inclusion, Givaudan has reached an important milestone by achieving certification across Switzerland, Spain, Mexico, Singapore, Argentina, France, Hungary, the Netherlands and the U.S. This certification is in line with the requirements set by the Equal Pay International Coalition (EPIC), a global organisation that works to reduce the gender pay gap.

 

The certification process with Fair-ON-Pay, uses a statistical model that looks at five objective criteria: job complexity, position, education, seniority, and experience. To be certified as an Equal Pay Employer, the pay differences between men and women at each site must not exceed 5%. This calculation takes into account important factors like skills, job role, experience, or performance. The final percentage represents the difference between men and women's salaries.

 

Givaudan will continue its journey towards equal pay certification with additional sites being

certified in the coming months. This is an important part of moving further towards its purpose ambition to be rated among the leading employers for inclusion globally before 2025.

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