Micron Achieves Comprehensive Global Pay Equity For All Underrepresented Groups
March 23 2021 - 9:00AM
Micron Technology, Inc. (Nasdaq: MU), today announced that it has
reached comprehensive global pay equity in total employee
compensation across base, bonuses and stock rewards. Last year, the
company set a goal to achieve pay equity for all employees as a key
pillar of its diversity, equality and inclusion initiative. In line
with the company’s commitment to drive equal pay, inclusive
benefits and fairness in its people practices, this new milestone
reinforces Micron’s focus and commitment to create an environment
where every team member is valued and respected.
“Providing fair and equal pay for all team members is key to
driving employee wellbeing, passion and confidence that is critical
to the success of Micron’s business,” said April Arnzen, chief
people officer at Micron. “While many companies focus on base pay
alone, we recognize that full compensation equity requires a
holistic approach. Equal pay is foundational to an inclusive
culture in which people can thrive.”
Micron uses technology to analyze and understand pay variances,
and makes adjustments to eliminate statistically significant
differences in compensation for underrepresented groups and their
corresponding majority groups. Initially Micron focused on gender
pay equity, which it achieved globally for women in 2018. The
company has expanded its analysis to include all underrepresented
groups, including a global look at people with disabilities, as
well as veterans, Blacks and Hispanics/Latinx in the U.S.
“Reaching pay equity for all and expanding our study to reach
beyond gender is a major milestone,” said Sharawn Connors, vice
president of diversity, equality and inclusion (DEI) at Micron.
“Creating a workplace where everyone is confident that their
compensation is fair and equitable and based on merit helps us
attract the best people and retain them.”
Micron is committed to DEI and has embedded initiatives in its
business and operations around the world. The company set
strategy-driven DEI commitments for FY21 in inclusion, hiring,
giving and investments in minority-owned institutions. For more
information about Micron’s DEI commitments, programs and efforts,
visit micron.com/dei.
About Micron Technology, Inc. We are
an industry leader in innovative memory and storage solutions
transforming how the world uses information to enrich life for all.
With a relentless focus on our customers, technology leadership,
and manufacturing and operational excellence, Micron delivers a
rich portfolio of high-performance DRAM, NAND and NOR memory and
storage products through our Micron® and Crucial® brands. Every
day, the innovations that our people create fuel the data economy,
enabling advances in artificial intelligence and 5G applications
that unleash opportunities — from the data center to the
intelligent edge and across the client and mobile user experience.
To learn more about Micron Technology, Inc. (Nasdaq: MU), visit
micron.com.
© 2021 Micron Technology, Inc. All rights reserved. Information,
products, and/or specifications are subject to change without
notice. Micron, the Micron logo, and all other Micron trademarks
are the property of Micron Technology, Inc. All other trademarks
are the property of their respective owners.
Micron Media Relations Contact Erica
Pompen Micron Technology, Inc. +1 (408)
834-1873 epompen@micron.com Micron Investor
Relations Contact Farhan Ahmad Micron
Technology, Inc. +1 (408)
834-1927 farhanahmad@micron.com
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