Marc Benioff got tired of the gender pay gap at Salesforce, so he spent $3 million to close it—twice

Companies under pressure (paywall) to close the gender pay gap might want to look to Marc Benioff, chairman and CEO of Salesforce. The head of one of the world’s largest companies, with a market cap of $66 billion, just ranked second on a top 10 list of “Global Champions of Women in Business” compiled by the Financial Times and HERoes, a workplace diversity advocacy group.

In the US, women working full-time made just 80.5% of men last year. While that gap is closing, with women starting to earn more and men a little less, the gulf remains.

Closing the gap at Salesforce, according to the Financial Times and HERoes, started with an equal pay assessment in 2015 to see if men and women were paid equally. The assessment found that wages for both men and women needed adjusting, and resulted in $3 million being spent to “eliminate statistically significant differences in pay.” In 2017, the company redid the assessment and spent another $3 million to rectify new pay discrepancies, with Benioff to continue monitoring future gender pay gaps.

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