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Bloomberg shows Nokia is breaking the glass ceiling

That Nokia is committed to gender equality should – I hope – not be news to anyone. But how do we find out if the efforts we’ve made are working? Who better to tell us than Bloomberg – whose Gender Equality Index (GEI) for 2020 has just been published.

I am proud to say that Nokia achieved a score of 71.26%, well above the average of 63.41% for the 37 technology companies included in the overall Bloomberg list (a full explanation of the scoring system is available on Bloomberg’s site). Given that the GEI focuses on firms that have made strong commitments to gender equality, it is gratifying to be a leader in such good company.

We achieved this position through changes in our processes and through education and awareness building, but we also made a significant decision to achieve pay equity by closing the ‘unexplained pay gap’ in 2019. That required a meaningful financial commitment, but it was simply the right thing to do. As a result, we scored a perfect 100% in the ‘equal pay / gender pay parity’ category of the index – well ahead of the average, which was 50.12%.

To continue to break the glass ceiling and ensure our people, our customers and all our stakeholders benefit from gender balance at Nokia, we have implemented several important changes to stay ahead of the curve:

  • We do not ask candidates for their salary history in any country, even where it is still legal to do so. The reason for this is that we do not want to ‘inherit’ any pay inequities from their previous organizations or roles. If the candidate offers the information, we take steps to ensure it cannot influence our decision-making.
  • We lessen the risk of unconscious bias by asking our hiring managers to gather the same data for all candidates they interview.
  • We develop female talent so they’re ready to step into senior roles when an opportunity opens.

To help all our employees and leaders to become aware of possible biases and to apply methods to guard against them, we implemented specific training courses last year – some of them even mandatory for all to complete. This effort is already bearing fruit: we see increased awareness and a true willingness to seek out and consider qualified women for Nokia job openings.

Nokia is very proud to be recognized as a leader in advancing gender equality globally and of our people – both women and men – who are helping to make that happen. A world of equal opportunity won’t be established overnight, but with shared commitment and focus it can happen. It is the right thing for all of us as individuals, for Nokia and for society.

Share your thoughts on this topic by joining the Twitter discussion with @nokia using #diversity, #BloombergGEI, #GenderEquality, #InvestedInEquality and #DataForGood

Barry French

About Barry French

Barry French is Chief Marketing Officer (CMO) at Nokia. Areas of responsibilities include: heading marketing, communications, industry analyst and government relations, regulatory affairs, and corporate social responsibility and sustainability.

Tweet me @bhfrench.

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