Providing equitable compensation practices to all employees
Ensuring our compensation practices are equitable, regardless of gender or race, is a crucial part of RGA's commitment and essential to fostering an inclusive, collaborative, and socially responsible company culture.
Senior Vice President, Rewards, Human Resources Systems and Analytics
RGA is committed to fair treatment for all employees. Ensuring our compensation practices are equitable, regardless of gender or race, is a crucial part of that commitment and essential to fostering an inclusive, collaborative, and socially responsible company culture.
In 2020, we initiated our third annual pay equity study, using an external consulting firm that specializes in pay analysis to ensure RGA did not introduce any unintended bias. The study analyzed the pay practices in the U.S. and at all other RGA locations with more than 50 employees, representing 90% of RGA’s employees worldwide.
The key outcomes were:
- Women at RGA are paid 100.1% of what men are paid, when comparing pay levels for similar roles.
- In the United States, when using the same comparisons, the average non-white employee to white employee pay ratio was 100.9%.
For cases in which the study showed a statistically significant pay gap at the individual level, further analysis was completed and, where appropriate, pay adjustments made.
We will continue to review pay equity annually and address any issues that arise. We are truly strengthened by our diverse workforce and recognize that our employees are our greatest asset.
Vice President, Corporate Responsibility and Sustainability
“As a values-based company, RGA has always been guided by ethical business practices and will continue to operate this way moving forward.”