COMP NEWS – Global news publication Insider has released its 2023 Diversity and Compensation Report, tracking critical data on racial and gender diversity and representation in its workplace.

The following is Insider’s latest Diversity and Compensation Report, which provides critical data that enables us to track our diversity and equity progress on an annual basis. 

The report looks at our U.S. workforce as of March 2023 as compared to the previous two years. In March, we had 792 full-time staff members, with 178 employees considered to be in leadership (defined as Director / Deputy Editor level and above). Any changes since March of 2023 (eg, new hires, promotions, departures) are not reflected in this report.  

For the second year in a row, we have partnered with Littler Mendelson, a law firm that specializes in DEI and pay equity analysis, to help us analyze our pay and demographics data on a year-over-year basis. The goal is to provide insights and reveal trend lines that will enable us to continue to adjust our strategies to make progress going forward.

To maintain employee anonymity for members of groups with smaller representation, race/ethnicity is aggregated into three categories: Black, Indigenous, and People of Color (BIPOC); white; and Undisclosed. For the same reason, Female and Non-Binary gender categories are combined for subgroup analyses.

Here are key highlights of the report:

• The overall racial diversity of our workforce has continued to see a slight but steady increase year-over-year, with the largest changes occurring in editorial.
• There has been an increase in new hires who identify as non-binary.
• We have continued to narrow the pay gap for female/non-binary employees.
• The overall pay gap for BIPOC employees has increased by 4 cents.
  • Editorial has seen a pay gap increase of 5 cents since 2021 – to 15 cents.
  • Divisions outside of editorial experienced a pay gap increase of 2 cents since 2021 – to 14 cents.
• Editorial has continued to see improved growth in BIPOC representation year-over-year.
• There has been little change in the demographic composition of our leadership team since 2021.

To read more about Insider’s 2023 Diversity and Compensation Report, click here.

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