Month: March 2023

With every new year, personal financial goals tend to be at the top of the resolution list. As the global employer to more than 109,000 people, we’re committed to doing our part by ensuring fair pay. For 2023 and beyond, we’re doubling down on that commitment.

It is important to us because our business is built on trust with our colleagues. That trust leads to high performance and gives us a competitive edge for both talent retention and attraction.

In January 2022, we published a fair pay statement, explaining our philosophy and principles around fair pay. It outlined our efforts to create a culture of equity and inclusion, and a promise to ensure our compensation practices are transparent. Our fair pay motto is “aggregate, don’t segregate.”

In April, we reported that 99.8% of our employees around the world had transparency on their pay range. We also launched a new annual global statistical analysis and made pay equity adjustments.

Even with such positive results, however, it’s still not a time for chest thumping. Among professionals who have a career focusing on diversity, equity, and inclusion (DE&I), we know how easy it is to regress. And we have no interest in going backwards. We must continue to raise the bar and push ourselves.

Our current compensation results are not a coincidence and did not happen overnight. We have prioritized fair pay through implementing a global job architecture and global grades framework. We have pushed pay range transparency for employees. We’ve targeted salary adjustments to pay range minimums for those employees whose compensation was below the range. And since last year, we committed to annually reviewing internal pay leveraging statistics to ensure employees are paid appropriately.

At SAP, “fair pay” is more than reducing the gender and ethnicity pay gap. For us, it means focusing on the processes, programs, and guidelines across the organization. We are pushing ourselves to examine the tools leaders use to ensure talent is treated fairly, and that employees with an exceptional work performance are rewarded accordingly.

Fair pay also is about rewarding individuals based on their unique contribution and impact in their teams and the overall company.

We are so committed to promoting pay equity that we’re sharing our insights with others.

Business Beyond Bias features in our SAP SuccessFactors solutions work to help eliminate the inherent biases around age, race, ethnicity, differently abled, and LGBTQ+ communities in HR processes. Our software helps companies uncover unconscious bias in calibration and compensation decisions. It shows where an employee’s pay stands relative to the rest of their job family or group within the company. In addition, it allows you to pull in external market pay information into the compensation worksheet to provide additional data points for ensuring fair and equitable pay decisions.

We’re moving toward a day when equitable pay for all people will no longer be an issue but a basic right for every individual. Until then, we’ll keep working on it.

Supriya Jha is chief diversity and inclusion officer at SAP.
Chetna Singh is senior vice president and global head of Total Rewards at SAP.

March 16, 2023 /3BL Media/ – CNH Industrial has purchased Augmenta to accelerate the growth of their innovative Sense & Act technology. Augmenta was a previous CNH Industrial Ventures investment and a strategic partner for CNH Industrial.

“Our work with Augmenta has brought increasing benefits to our customers’ operations. What began as a minority investment in their potential, now culminates in us adding this proven tech excellence directly to our sprayer offering,” said Derek Neilson, President Agriculture at CNH Industrial. “This is an important development for our Agriculture business that will further support our dealers by differentiating our equipment through value-added technology.”

“Augmenta’s technology will expedite development of our broader ‘Sense & Act’ capabilities to create value for our customers,” said Parag Garg, Chief Digital Product Officer. Sense & Act tasks are based on sensor-detected data during the spraying process, wherein protection solutions are applied to crops both before and after harvest. This technology gives machines selective spraying capabilities which precisely directs and regulates spray volume.

Augmenta’s work in this area includes the development of a multispectral camera and software that monitors a machine’s operating environment and acts directly via the machine. This increases yield for our customers, boosts sustainability by eliminating unnecessary chemical and fertilizer usage, and most importantly reduces application time, effort and input costs. Savings in herbicide, fungicide, plant growth regulators and fertilizer represent the largest value pool for this technology.

Augmenta will operate within our Raven brand, as a subset of our precision technology portfolio. It will maintain its existing employees and offices in Greece and the USA.

Click here to read the full Press Release.

By Eva Saha

‘Digital.’ Not many words cover such an incredibly large and rapidly evolving space. And A LOT has been said and written about the evolution of digital, with mind-blowing, developments in Artificial Intelligence, machine learning, blockchain and so much more. Today, I discuss how digital drives the customer experience in B2B, as I talk to Dow’s Chief Commercial Officer Dan Futter and special guest Mehdi Miremadi, Sr. Partner at McKinsey & Company and head of chemical practices for North America.

“The industry is going through a rapid transformation, particularly in the last 10 years,” says Mehdi Miremadi. “To me, what is truly fascinating, is that there is a lot of nuance and sophistication in the B2B space that you have to take into consideration when you think about integrating ‘digital,’ as it is an end-to-end topic that applies to operations, to supply chain and certainly also to commercial.”

Dan Futter adds: “This is certainly the case for our industry and for us at Dow, as digital impacts every single element of our business. Throughout my career, I’ve always been mostly focused on what is it like being a customer dealing with my business. How easy is it to find the products that you need? How easy is it to buy these products? How is the experience after purchase? How can I ‘spec’ new innovations? Capitalizing on opportunities in the space of digital is all about trying to understand how we can improve the customer journey and how can we make the experience as easy, as enjoyable, and as effective as it can be.”

Listen to this episode of the Seek Together podcast to learn more about the challenges and opportunities in the adoption and development of digital capabilities to optimize the customer buying experience in the B2B space.

Thank you for tuning in, and we hope you’ll enjoy listening to the Seek Together Podcast!

Join the Mastercard Center for Inclusive Growth, The Aspen Institute and a dynamic group of U.S. and global leaders on April 13 for the 2023 Global Inclusive Growth Summit. Alongside the World Bank Group-IMF Spring Meetings in Washington, D.C., the full-day Summit will assemble a dynamic group of U.S. and global leaders for action-oriented discussions on national and international issues.

In a turbulent economic, environmental, and human context, the Summit will enable private sector, social impact and government leaders to reflect on all we have learned on our journeys to build meaningful solutions and partnerships to realize a more inclusive and sustainable future.

Register now:

Mastercard Center for Inclusive Growth
The Mastercard Center for Inclusive Growth advances equitable and sustainable economic growth and financial inclusion around the world. The Center leverages the company’s core assets and competencies, including data insights, expertise and technology, while administering the philanthropic Mastercard Impact Fund, to produce independent research, scale global programs and empower a community of thinkers, leaders and doers on the front lines of inclusive growth.

The Aspen Institute
The Aspen Institute is a community-serving organization with global reach whose vision is the creation of a free, just, and equitable society. For 70 years, the Institute has driven change through dialogue, leadership, and action to help solve the world’s greatest challenges. With headquarters in Washington, D.C., the Institute has offices in Aspen, Colorado and New York City, as well as an international network of partners. Learn more at www.aspeninstitute.org.

Devex
Devex is the world’s leading independent news organization covering global development. Devex journalists deliver insider reporting from front lines of the fight to achieve the SDGs—driving the most important debates, providing the most critical analysis, and backing it all up with the events, career information, and funding opportunities professionals require. To keep up to date with the must-read global development coverage, join their global community.

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