Last updated at Wed, 08 May 2024 13:00:00 GMT

The effort aims to help close gender and racial pay gaps

Rapid7 is proud to announce their signing of the 100% Talent Compact through the Boston Women’s Workforce Council (BWWC). The Talent Compact is a collective effort among the Boston Mayor and local employers to close the gender and racial wage gaps in Greater Boston. Compact Signers are actively committed to examining their salary data, contributing that data anonymously to the BWWC’s biennial wage-gap measurement, and participating in quarterly briefing sessions.

As an organization, the BWWC works alongside the City of Boston’s Mayor as well as local employers. Their programs and initiatives reflect their core beliefs surrounding the positive impact women have on businesses and communities, the importance of addressing gender and racial pay inequities, and the systemic impact gender and racial pay disparities can have in Greater Boston.

As stated by Christina Luconi, Chief People Officer, “At Rapid7, we are committed to fostering an environment where all of our people are doing impactful work in a way that is meaningful to them. Ensuring that we have equitable salary practices is just one way we can ensure everyone has the opportunity to thrive in their career.”

In the United States, women earn 84 cents for every dollar earned by a man. In Boston, data collected by participants of the Talent Compact shows consistency with this number, with a wage gap of $0.21 for women and a gap of $0.27 for employees of color.

According to Lauren Noonan, Engagement Manager with the BWWC, “These numbers are disappointing to see, but measuring this data and understanding the work that needs to be done is the first critical step to creating necessary change. The companies that have signed on to our Talent Compact are committed to taking active roles in identifying gaps within their own organizations and actively participating in the panel discussions, sharing ideas, and putting corrective plans into action to address them.”

When it comes to diversity, equity and inclusion (DEI), Rapid7 has consistently demonstrated a commitment to focus efforts on driving impact; whether it’s through similar strategic partnerships with organizations like Hack.Diversity, Cyversity, and the University of South Florida or developing in-house resources and programs. Addressing systemic hurdles and supporting historically marginalized communities have become an integral part of our business strategy.

In addition to having programs and partnerships in place, Rapid7’s Director of Diversity, Equity and Inclusion, Sophia Dozier stresses how transparency is critical for creating impact and success. “Transparency is a key pillar in fostering spaces that are not only diverse and inclusive, but truly equitable. Levers of transparency should be embedded into every DEI strategy, as it helps ensure that decisions continue to reflect commitments made in support of building and maintaining impactful, high-performing, multi-dimensional teams and organizations.”

At Rapid7, we believe we are truly #NeverDone in our efforts to build an inclusive and equitable workplace where our employees can develop the career experience of a lifetime. This partnership furthers our commitment to continuously examining and enhancing our practices and programs so that all people can thrive, while being part of a greater discussion that impacts our industry and local community.