Diversity, equity and inclusion (DEI) are what set Mastercard apart by making us more adaptable, more innovative and more creative. In order to achieve this, we continually evaluate representation of people at all levels of the company. Our numbers show us where we stand and where we may need to take action. We strive to maintain a workplace built on decency and inclusion where everyone can thrive.
All data points below are as of December 31, 2022, unless otherwise stated. Senior management is defined as senior vice president and above.
“All other People of Color” are defined as American Indian, Alaska Native, Native Hawaiian/other Pacific Islander and two or more races. Ethnicity data does not include undeclared.
It’s essential for our business that we foster a workplace where all employees feel valued, respected and empowered to reach their greatest potential. That includes equal pay for equal work, and continued progress toward closing the pay gap.
To support our commitment, we have established a framework for examining pay practices annually with the support of third-party analysis. All roles in our organization are reviewed and benchmarked to the external market and we assess compensation decisions for potential pay disparities by gender, among other categories. If disparities are found and not explained in an acceptable manner, appropriate responsive action is taken. Furthermore, we offer employees multiple channels to raise pay disparity concerns, such as our Ethics Helpline, our Employee Relations team or the Law Department.
Following the conclusion of the 2022 assessment and validation process, globally, women at our company earn $1.00 to every $1.00 earned by men. We also affirmed that people of color earn $1.00 for every $1.00 earned by white employees. The 2022 pay equity analysis results are based on action taken for the available employee population as of September 2022. Compensation data includes base, bonus and long-term incentives.
Additionally, as of September 2022, the median pay for women employees globally is 94.0 percent of the median for men employees, and in the U.S., the median pay for People of Color is 93.2 percent of the median for white employees.
*As of September 2022.
Mastercard is guided by our commitment to decency, which permeates everything we do. We respect the rights of all people and have no tolerance for hate, discrimination or any form of hostility towards others. We strive to foster an inclusive environment where everyone is welcome, regardless of beliefs, cultures and backgrounds.
As with our commitment to decency, diversity, equity and inclusion are embedded in our DNA through the Mastercard Way. By enabling an inclusive environment, we can unlock the full potential of our employees, customers, partners and communities in the more than 210 countries and territories in which we live and work. We know that people thrive when they feel they belong, their ideas are valued and they are treated fairly, and as a global corporate citizen, we recognize and rise to our responsibility to do well by doing good.
The journey to a truly inclusive and equitable society is an ongoing one. Our vision is to create limitless possibilities for everyone. We are working every day to move in the right direction, both in and outside our walls.