Starbucks Corporation (NASDAQ: SBUX) announced a 100-percent pay equity program in the United States.
According to the company, it would achieve 100 percent equal pay for all the employees who perform the same tasks regardless of gender or background in the United States.
“This milestone is the result of years of work and commitment, and we believe it is important, as company of our scale, to help bring more attention to this critical issue,” Lucy Helm, the executive vice president and chief partner officer of Starbucks, said in the statement.
This move was not the only program of the company to “take care” of its employees. Throughout the years, several initiatives were introduced, such as the stock options, financial assistance for college education programs and health care for part-time employees.
“We see too many examples of businesses choosing between an experience that solely focuses on convenience or one that simply highlights community,” said Kevin Johnson, the Chief Executive Officer of Starbucks. “But we don’t believe there needs to be this type of a tradeoff.”
The coffee giant also announced its target to rise earnings by at least 12% annually over the next three years, and confirmed its aim to return $15 billion to shareholders for the same period, according to the company.