Fair and equitable pay
At Boston Scientific, equal pay for equal work is rooted in our values and is foundational to fostering an inclusive workplace.
Since 2017, we have regularly completed a company-wide salary analysis to ensure all employees are paid fairly and equitably. In 2023, we again reported no statistically significant pay disparity for 99% or greater of our employees across gender globally.
Equal pay
Equal pay refers to a legal requirement that male and female employees who are engaged in equal or similar work or work of equal value must receive equal pay and other workplace benefits.
Gender pay gap
The gender pay gap is a broader measure of the difference in the average earnings of men and women – regardless of the nature of their work – across an organisation, a business sector, an entire industry or the economy as a whole.
How is Boston Scientific addressing gender pay gaps?
We are committed to creating more opportunities to improve the balance of men and women in senior leadership roles, which if unmitigated can become a factor in gender pay imbalances in organisations.
Across the company in Europe, Middle East and Africa region, we have several initiatives in place aimed at encouraging and supporting more opportunities for women and others to apply for and succeed in leadership positions.
Training inclusive leaders
The company provides manager training to strengthen coaching and development of all employees and expanded our education on workforce inclusion. This includes unconscious bias training for all our people leaders to help them recognise and minimise bias and engage in more open and honest conversations with employees.
Growing the pipeline of women in leadership
Boston Scientific continues to build a broader pipeline, including women through development programmes, succession planning and inclusive recruiting.
Fostering inclusive hiring
In conformance with our inclusive recruitment strategies, hiring managers and interviewers are also trained to focus on legitimate factors and refrain from asking about candidates’ pay history during the hiring process to help mitigate against replicating any potential gender pay inequalities within our organisation.
Empowering women through ERGs
Boston Scientific sponsors employee resource groups that foster a diverse and inclusive work environment. This includes, among various others, EmpowHER network, which is aimed at supporting the empowerment and advancement of women. It organises employee events and engagement activities with the aim of advocating for women as well as engaging allies and the broader community.
Supporting work-life balance
The company offers a variety of benefits and services to support work-life harmony, including sabbaticals, and promotes a culture of flexibility about where and when employees perform their work. Our sites and offices endeavor to accomodate hybrid working arrangements, allowing employees where possible the flexibility to work from home up to two days per week.