Trailblazer Pacesetter LATE BLOOMER
Company Narrative
PayPal, a multinational financial technology company that allows the sending and receiving of money all around the world, has been ranked as LATE BLOOMER on the Women’s Power and Influence Index.
PayPal has achieved pay parity and has observed 100% pay equity in overall total compensation in the U.S. for Black, Latino, and Asian women, as compared to white male peers.
As of 2021, women make up 43% of Paypal’s workforce, with a promise to make continuous improvements. 35.67% of Paypal leadership positions are held by women.
PayPayl had insufficient information regarding women’s recruitment and mentorship.
Workforce Profile
Equitable Pay
✓ Does the company demonstrate a clear and transparent commitment to equal pay?
“We are proud to achieve 100% pay equity in overall total compensation72 for women globally as compared to male peers and for Black, Latino and Asian employees in the U.S. as compared to white peers. We also observed 100% pay equity in overall total compensation in the U.S. for Black, Latino and Asian women, as compared to white male peers.”
Ref : Pg 28, PayPal Global Impact Report 2022
✘ Does the company perform an annual analysis of gender pay equity and pay disparities? Information regarding this criterion was unavailable or incomplete.
Information regarding this criterion was unavailable or incomplete.
✓ Do female employees earn at least 95% of what their male counterparts earn?
“We are proud to achieve 100% pay equity in overall total compensation72 for women globally as compared to male peers and for Black, Latino and Asian employees in the U.S. as compared to white peers. We also observed 100% pay equity in overall total compensation in the U.S. for Black, Latino and Asian women, as compared to white male peers.”
Ref : Pg 28, PayPal Global Impact Report 2022
Career Growth
✓ Does the company demonstrate a commitment to actively attracting, retaining, and/or promoting women within the organization?
“Our dedicated global DIE&B team, led by our Head of Global DIE&B, in partnership with appointed business leaders on our DIE&B Business Council, continued to enhance our existing inclusion efforts and pilot new initiatives. We continue to work toward growing our women, Black and Latinx employee populations.”
Ref : Pg 28, PayPal Global Impact Report 2022
✓ Does the company provide professional development programs designed specifically for female employees?
“Employees are encouraged to access thousands of learning courses, career development workshops focused on internal mobility and women in leadership, and PayPal’s Technology Leadership and Emerging Leader programs. To ensure our teams have all the tools they need to grow, we’ve invested in resources for managers to lead productive and inclusive teams, including the new Equitable Leadership learning experiences.”
Ref: PayPal Diversity
✓ Does the company provide professional development programs designed specifically for diverse employees?
“Employees are encouraged to access thousands of learning courses, career development workshops focused on internal mobility and women in leadership, and PayPal’s Technology Leadership and Emerging Leader programs. To ensure our teams have all the tools they need to grow, we’ve invested in resources for managers to lead productive and inclusive teams, including the new Equitable Leadership learning experiences.”
Ref: PayPal Diversity
✘ Does the company offer a formal mentoring program to support the career advancement of all female employees?
Information regarding this criterion was unavailable or incomplete.
✘ Does the company offer a formal mentoring program to support the career advancement of diverse employees?
Information regarding this criterion was unavailable or incomplete.
✘ Does the company have policies and programs in place to actively recruit female candidates?
Information regarding this criterion was unavailable or incomplete.
✓ Does the company have policies and programs in place to actively recruit diverse candidates?
“Through our continued partnership with organizations such as CodeHouse, NABA, Year Up and INROADS, we are working to identify and recruit talented Black and Latinx students for internships and full-time opportunities. For example, PayPal helped mentor and support participants of the CodeHouse Scholars Initiative summer academy, which welcomed nearly 40 students from five HBCUs in 2022.”
Ref: pg. 26, PayPal Global Impact Report 2022
Work-Life Balance
✓ Does the company demonstrate a commitment to providing support and/or time off for women with children?
“PayPal understands how difficult it can be for working parents to find reliable, high-quality childcare that’s also affordable. Our childcare benefit gives you the support you need in securing care for your children.”
Ref: PayPal Benefits (Website)
✓ Does the company provide child care support for employees?
“Enroll eligible children between 6 months and 4 years of age into 1 of these options:
- A PayPal near-site day care crèche, depending on availability
- Day care crèche that isn’t a PayPal near-site day care crèche, and get reimbursed the monthly fee (up to INR 10,000 per month)”
Ref: PayPal Benefits (Website)
✘ Does the company offer subsidized child care?
Information regarding this criterion was unavailable or incomplete.
✓Does the company offer paid maternity leave for birthing parents?
“Maternity leave
Expectant mothers are eligible for 26 weeks of paid maternity leave.”
Ref: PayPal Benefits (Website)
✓Does the company provide paid parental leave that extends beyond birthing parents to include surrogacy, adoption, and paternity leave?
“Paternity leave
As a new father, you can receive 2 weeks of paid paternity leave to be with your family. Take within 6 months of the birth or adoption of a child 12 years old or younger.
Adoption leave
Female employees who legally adopt a child who is 12 years old or younger qualify for up to 16 weeks of paid leave.”
Ref: PayPal Benefits (Website)
✓ Does the company demonstrate a commitment to supporting the health benefits of its female employees?
“Fertility treatment. It can be complicated, emotionally draining, expensive — especially if things don’t go as you hope. Meritain Health members have another resource to navigate this very personal journey: Progyny. Progyny is a fertility services provider that uses a preferred network to deliver positive results for families while reducing their risk of multiple births.”
Ref: PayPal Benefits (Website)
✓ Does the company offer women-specific health benefits for female employees?
“Fertility treatment. It can be complicated, emotionally draining, expensive — especially if things don’t go as you hope. Meritain Health members have another resource to navigate this very personal journey: Progyny. Progyny is a fertility services provider that uses a preferred network to deliver positive results for families while reducing their risk of multiple births.”
Workplace Standards
✓ Does the company have a policy listing prohibited behaviors, such as harassment and retaliation?
“We strive to create a work environment free of all forms of discrimination, intimidation, and harassment. We strictly prohibit bullying, abuse, or any behavior that interferes with anyone’s work or that creates a hostile or uncomfortable work environment. No matter what form harassment takes—whether physical, sexual, verbal or non-verbal, in person, via email, social media, Slack and Teams, on video or phone calls, it is unacceptable.
We all have a responsibility to notice when bullying and harassment are present in the workspace and a duty to report it promptly. We are committed to creating an environment where such issues may be reported without threat of retaliation. While the definition of harassment may vary by jurisdiction, examples include:
Racial slurs • Offensive jokes • Remarks about orientation or gender expression • Offensive images and symbols • Comments about physical capability and/or accessibility • Bullying • Degrading comments • Sexual advances • Intimidating or threatening behavior • Remarks about religion or nationality”
Ref: Pg 17, PayPal Code of Business Conduct & Ethics
✓ Does the company mandate all employees to undergo harassment and discrimination training?
“Each year, all employees are required to take an online training course about our Code and certify compliance with the Code.”
Ref: Pg 48, PayPal Code of Business Conduct & Ethics
✓ Does the company have a defined harassment policy that includes promptly addressing reported incidents?
“We are all accountable for our actions and for behaving ethically and responsibly. This accountability applies to our actions at work as well as to activities outside of the workplace, including on social media and when socializing with colleagues, vendors, or business partners, regardless of whether the cost of the social activity is covered by PayPal. Employees who violate the Code, Company policies, or the law may be subject to disciplinary actions in accordance with PayPal policies and procedures and local employment laws, including termination of employment.”
Ref: Pg 11, PayPal Code of Business Conduct & Ethics
Stakeholder Engagement
✓ Does the company demonstrate a commitment to helping external stakeholders address gender equality issues?
“We believe we have a responsibility to promote the role of women in the financial system and advance economic equity through our resources, platforms and tools. As the private sector lead for the Economic Justice and Rights Action Coalition of the U.N. Women’s Generation Equality Forum, we made a commitment of $108 million to advance financial inclusion and economic empowerment for women and girls by 2026.”
Ref : Pg 19, PayPal Global Impact Report 2022
✓ Does the company offer and support initiatives that promote gender equality in the community?
- Funding technical assistance and research with Women’s World Banking on topics such as identifying gender biases in credit scoring.
- Signing on to the U.S. Department of Commerce and the Office of the U.S. Trade Representative’s IndoPacific Economic Framework for Prosperity (IPEF) Upskilling Initiative and pledging to provide women and girls in the IPEF emerging economies with 500,000 or more upskilling opportunities in 10 years.
- Providing 11,000 employee volunteer hours in support of women and girls globally, surpassing our goal of 10,000 hours in the first year.27
- Utilizing the 2X Criteria in our treasury portfolio to identify investment funds and financial intermediaries that support women’s economic interests.
Ref : Pg 19, PayPal Global Impact Report 2022
✓ Does the company demonstrate a commitment to helping internal stakeholders/employees address gender equality issues?
“At PayPal, we are fueled by our diverse perspectives, backgrounds and experiences and are committed to embracing people of all racial, ethnic and cultural backgrounds, gender identity and expression, sexual orientation, veteran status and abilities. A strong and engaging culture where everyone can be their authentic selves and do their best work is important to generating stockholder value and to furthering our mission to democratize financial services for all. Our dedicated global DIE&B team, led by our Head of Global DIE&B, in partnership with appointed business leaders on our DIE&B Business Council, continued to enhance our existing inclusion efforts and pilot new initiatives. We continue to work toward growing our women, Black and Latinx employee populations.”
Ref : Pg 28, PayPal Global Impact Report 2022
✓ Does the company offer equity-focused trainings, speaker programs, or events for employees?
“Employees across PayPal also embarked on our expanded DIE&B Learning Journey, Inclusion@PayPal — a modular learning series launched in 2021 — to learn about DIE&B foundations, performance management best practices and the importance of effective sponsorship. In 2023, we plan to include learning experiences on topics such as allyship.”
Ref : Pg 28, PayPal Global Impact Report 2022