Diversity & Inclusion
Employees are our greatest asset, and we strive to attract talent from the broadest pool to foster innovation, creativity and productivity. There is tremendous power that results from this kind of diversity. In fact, creating a diverse and inclusive environment is critical to our success, and we are deeply committed to hiring and retaining employees from different backgrounds, experiences and locations.
Diversity brings together people with unique perspectives, and inclusion creates opportunities for all individuals to contribute and work together to achieve success as a whole. We believe working in an inclusive environment motivates exceptional effort, or—put more simply—it makes us all better at what we do.
Our diverse workforce helps our customers and business partners achieve their business goals. By recruiting the highest quality people who reflect the customers and communities that we serve, we increase our ability to deliver the best possible solutions.
At JPMorgan Chase, we strongly believe that a diverse and inclusive environment is critical to our success. It is simply how we do business. As part of our commitment to fairness in our workforce, we look closely at how we compensate employees—conducting pay equity reviews at all levels of our firm.
Through these reviews, we determined that men and women at the firm in aggregate are paid comparably, taking into account a number of factors that potentially impact pay, including employees’ roles, tenure, seniority, the business area they work in and geography. The bare numbers, excluding these types of factors, will show a gap between the pay of men and women, but we have found that employees are paid appropriately when taking into consideration their business area, their experience and the work they do.
The most recent review concluded the following for both base salary and total compensation:
- Globally, women are paid 99% of what men are paid
- In the United States, minority employees are paid more than 99% of what non-minority employees are paid
Analyses, such as pay equity reviews, serve as a starting point for further review and we do not hesitate to take action where warranted. In the small percentage of cases where we identify individuals with compensation that is less than expected, we conduct further reviews and, where appropriate, proactively address them. And equally important—beyond compensation—we have built strong business processes and practices that enable the firm to successfully recruit, hire, retain, develop and promote the best, diverse talent.
As you know, we invest in a number of initiatives and programs around the world designed to assist all employees, including women and diverse employees, to advance both professionally and personally. These range from Women on the Move and our ReEntry Program to a comprehensive set of employee-focused initiatives and our numerous Business Resource Groups (BRGs), which support and promote our diverse workforce and culture of inclusion. More information about our BRGs and our diversity and inclusion practices can be found on jpmorganchase.com. We are committed to this culture of inclusion, fairness and mutual respect—and we are proud of our people and accomplishments. But we know we can always do more, and we will.