As we celebrate Women’s History Month and approach International Women’s Day, Commonwealth Corporation is proud to announce its commitment to eliminating gender and racial wage gaps by signing the 100% Talent Compact, a first-in-the-nation approach to reaching pay equity for working women. This is the perfect time to elevate the important issue of pay equity and reinforce the importance of creating a fair and equitable workplace for all employees. The Compact, administered by the Boston Women’s Workforce Council (BWWC) in partnership with the Boston Mayor, is a pledge made by employers to examine their own salary data and practices and make ongoing changes to address pay inequities.
As a signer of the 100% Talent Compact, Commonwealth Corporation joins a community of over 250 other employers throughout Greater Boston who are dedicated to creating a fair and equitable workplace for all employees. Signers share their salary data anonymously in aggregate form via a unique, web-based encrypted software program using Multi-Party Computation (MPC). MPC allows for collaborative, secure data analysis without revealing private data in the process.
“At CommCorp, we believe that workforce equity is the foundation of a strong and thriving workforce,” said President & CEO, Christine Abrams. “By signing the 100% Talent Compact, we are making a commitment to examining our own salary data and practices and taking an active role in addressing gender and racial wage gaps. This is not only a social issue, but an economic one, and by working together with the Boston Women’s Workforce Council, we can create a more equal and fair workplace for all employees, which will ultimately lead to stronger and more successful workforce development efforts.”
The 100% Talent Compact is an important step towards creating a more equitable workplace, and Commonwealth Corporation is committed to doing its part to eliminate gender and racial wage gaps. The company believes that by examining its own salary data and practices, it can make meaningful changes that will positively impact its employees and the community as a whole.
“We are thrilled to welcome Commonwealth Corporation to the 100% Talent Compact community,” said Kimberly Borman, Executive Director of the Boston Women’s Workforce Council. “As an organization that administers funds for the state, Commonwealth Corporation plays a critical role in shaping the workforce landscape. Their commitment to addressing gender and racial wage gaps by signing the 100% Talent Compact sends a powerful message to other employers in the region. We are proud to have Commonwealth Corporation join us in this important effort.”