Buffer has been constructed on the idea that transparency builds belief, holds us accountable, and might push our trade ahead. Our salaries have been clear since 2013, and for the fifth yr in a row, we’re sharing our clear pay evaluation. On this report, we share the distinction between what women and men earn at Buffer.
We’ve come a good distance within the final 5 years. Removed from the ratio of 70 % males and 30 % ladies on the group once I first wrote this report, this yr, we’re near 50/50. And on the time of this report, our management group is eight individuals, 5 of whom are ladies.
Listed below are all of our numbers from our 2021 pay evaluation, together with extra on the optimistic impression that transparency has had on the gender pay hole for us.
2021 Pay Evaluation
Right here’s what the unadjusted gender pay hole seems like at Buffer as of March 2021:
Buffer group: 83 individuals
Common wage for ladies: $123,707
Common wage for males: $131,923
Unadjusted share hole: 5.46%
Notice: We specify an unadjusted pay hole as we’re evaluating earnings between all males and all ladies at Buffer, no matter their position or expertise stage. An adjusted pay hole could be the incomes hole between individuals who carry out related roles. We’ve no adjusted pay hole at Buffer as we use a wage formulation for all of our salaries.
In regards to the numbers
For the second yr in a row, our hole has gone down, and this yr it went down considerably in comparison with final yr.
We’ve been monitoring the unadjusted gender pay hole at Buffer month-to-month since 2019. Right here, you may see our progress during the last yr, the place the hole has progressively gone from 12.5 % down to five.5 %.
In comparison with earlier years
Right here’s a comparability of all the years we’ve been working this pay evaluation. You may as well learn every full report on the following hyperlinks: 2020, 2019, 2018, 2017.
Our gender pay hole has gone down from 15% to five% within the final two years — how did that occur?
We have been paying shut consideration to the gender wage hole at Buffer since we first began sharing clear pay analyses, and we have been dedicated to decreasing our hole.
Transparency has been a important consider decreasing our gender wage hole.
There have been many small shifts we have made alongside the way in which, however essentially the most vital issue for us has been transparency. We consider that transparency creates accountability, and it is clear from our instance that transparency can have a robust impression on closing the gender wage hole.
Transparency led to extra studying.
By being clear, we have realized extra in regards to the gender pay hole and have been capable of preserve making modifications and changes yearly. In 2017, once we first ran the report, we did not know a lot about equal pay. We additionally had a smaller group dimension with fewer ladies and later realized that having one high-earning girl on the group made our hole decrease in 2017, so our report wasn’t an correct reflection of the yr for us.
In 2019, we had our highest but gender pay hole — 15 % —, and that got here the yr that we additionally elevated the variety of ladies on our group.
The correlation we noticed is that once we employed extra ladies, and it made our hole bigger as a result of in some circumstances, these ladies might have been at decrease expertise ranges, however through the years, we have seen that hole slowly lower as having extra ladies on the group led to extra ladies getting promoted and incomes extra total.
Transparency introduced extra consideration to creating this transformation.
The act of reporting the gender wage hole yearly has additionally introduced extra groups collectively to give attention to how we will enhance equal pay at Buffer. It is not enjoyable to publish a report exhibiting that our gender wage hole is getting worse yearly, and several other groups have been extremely motivated to enhance this quantity.
Our Finance group began monitoring gender pay knowledge month-to-month as a substitute of yearly, and it gave us a clearer image of the impression that new hires and departures have on our total hole.
Our Folks group additionally performed an enormous position in diversifying our hiring pipeline through the years to deliver on extra ladies in higher-earning positions. Our Folks group’s work is very spectacular contemplating that as a long-term centered firm, we aren’t rising our group significantly year-over-year. Our group dimension was 72 teammates in 2017 and is 83 teammates now.
The ratio of women and men at Buffer has improved considerably.
Once we first began reporting on equal pay, we have been 70 % males and 30 % ladies at Buffer. That meant that any change to the ladies at Buffer had a major impression on this quantity, and it was more likely to fluctuate when ladies joined or left Buffer.
Since then, our gender break up has develop into practically 50/50 with 44 males and 39 ladies on the group, and on the time of this report, our management group at Buffer is eight individuals, 5 of whom are ladies.
We’re assured about this optimistic downwards development.
Now, we will safely say that our 5 % hole is not a results of one high-earning particular person on the Buffer group. This constant lower of our hole during the last two years is a results of many areas of labor, and it is not going to vary drastically in a single month.
What’s subsequent for equal pay at Buffer?
We’re proud that our gender pay hole is at 5.5 %, a lot decrease than the trade common. We’ll proceed doing every little thing we’re doing and carefully watching our gender pay hole all year long. We’ll proceed working in direction of no unadjusted gender pay hole and specializing in range total in our hiring. We’re additionally hoping that our journey will help others seeking to sort out the gender wage hole.
If you understand of different firms sharing their gender wage hole publicly, or if you would like to share yours publicly, please reach out. We might be completely happy to talk!
Wish to work at an organization with pay transparency? We’re hiring, take a look at our open roles!