A new advisory committee tackling wage equality in Massachusetts can expect to encounter two types of CEOs: those whose hearts are in the right place, but have to be shown how to implement it, and those who must be convinced it's of value to their companies as well as society.
That's according to James Roosevelt Jr., CEO of Tufts Health Plan, one of 16 members of the committee formed by state Treasurer Deborah B. Goldberg to follow through on one of her campaign planks.
"There are CEOs for whom this is not at the top of their lists when they think about how to show value to their customers and how they differentiate their products from their competitors," Roosevelt said. "You have to have the commitment from the top of the organization that ... every factor that goes into what people are paid — men and women — will be approached with the requirement that there be true equality. It's like any other major management issue. The CEO has to be sure that his or her management team applies that principle in every hiring decision, in every promotion and every salary-setting decision."
White women in Massachusetts earn 82 cents for every $1 earned by a man, according to Goldberg. African-American women earn 61 cents, and Latina women earn 50 cents.
"Pay equity is not a partisan issue, nor solely a women's issue," Goldberg said in a statement. "It is a family issue, and it affects the economic health and well-being of our entire state."
The committee will focus on providing government agencies with tools to review their pay structures; creating a wage equality tool kit for businesses; organizing roundtables to field business input on how a public-private partnership can work; and launching a state-run equal pay website for employers and employees.
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