The following is Insider's latest Diversity and Compensation Report. It provides critical data that enables us to track our diversity and equity progress on a yearly basis.
The report looks at our U.S. workforce as of March 2022 as compared to March 2021. Any changes since that time (eg, new hires, promotions, departures) will not be reflected in this report.
As we've previously stated, our goal is to work towards progress over time. We know that diversity makes us stronger and better every day. We strive to be innovative and creative in how we attract, support, and develop talent from diverse backgrounds.
This year, for the first time, we partnered with an outside law firm that specializes in DEI, Littler Mendelson, to help us better evaluate our diversity data on a year-over-year basis. Our goal is to provide insights and establish trend lines that will enable us to continue to make progress in our efforts.
Here are key highlights of the report:
Overall, the Insider workforce gender composition has not changed substantially since 2021.
Since 2021, our BIPOC population has increased by 3 percent. There has also been a slight increase in the number of people preferring not to disclose race/ethnicity information.
There has been no substantial change in the gender distribution for either Editorial or Non-Editorial.
The percentages of BIPOC employees in both Non-Editorial and Editorial departments has increased since 2021.
In the last year, the overall gender composition of new hires has largely remained the same.
In the last year, the percentage of BIPOC employees in the new hire population has increased slightly.
For new hires in Non-Editorial departments, the workforce has grown towards near equal gender representation across male and female.
New hires in Editorial have become more diverse since 2021 with increases in Female/non-binary (+ 4ppts) and BIPOC (+5ppts). The racial diversity of new hires in Non-Editorial departments fell by eight percentage points.
Insider Leadership, defined as Director / Deputy Editor level and above, has seen a 2 percent increase in female representation with BIPOC representation remaining consistent.
Overall, we have narrowed the pay gap for female and non-binary employees. However, the pay gap for BIPOC employees has remained the same.
In Editorial, the pay gap has grown slightly for both females and BIPOC employees since 2021.
Outside of Editorial, we see improvements in the pay gap for both female/non-binary employees and BIPOC employees.
Overall, relative pay by gender in leadership has gone largely unchanged since 2021.
BIPOC leadership employees now are paid 97 cents for each dollar of pay earned by white employees, up from 91 cents in 2021.
We continue to regularly review compensation across our organization to ensure that we pay all our employees fairly, within both the company and the overall market.
The executive team has reviewed and discussed the report, which it is using to continue this important, ongoing conversation.
Over the last year we have begun several initiatives to help us increase our diversity. Among them:
Recruitment
Training
Career development
Expanding our networks
New resources
Using self-reported data while maintaining employee anonymity, we aggregate and sort race/ethnicity into three categories across the organization: Black, Indigenous, and People of Color (BIPOC); White; and Undisclosed. We also analyze Female and Non-Binary gender categories together since both are historically underrepresented groups.
Pay Gap: We analyze pay gap by comparing the ratio of earnings across the organization; it is not based on a direct comparison of employees of different genders or races doing the same job. In addition, we have opted to present the data without adjusting for factors such as experience and/or area of focus.