Apple, GM Join White House Initiative to Address Gender Pay Gap
- Companies vow continued effort to fight disparity post-Obama
- U.S. women make 79 cents for each $1 earned by men on average
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Apple Inc., Facebook Inc. and General Motors Co., the first U.S. automaker to have a female chief executive officer, are among more than two dozen companies that added their names to a White House pledge to study gender pay gaps among their employees.
The agreement signed by 29 companies on Friday includes an annual review of pay by gender at each company, and an examination of hiring and promotion practices for unconscious bias and barriers to women reaching higher-level jobs. The pledge stops short of companies promising to pay men and women equally for equal work.