Oyster, the global employment platform, releases its Impact Report 2023, highlighting significant strides in promoting gender equality and transparency in global salaries. The report underscores Oyster’s commitment to empowering distributed teams and fostering economic prosperity globally.
Key Highlights from the Impact Report:
- Empowering Women in Emerging Economies: Oyster reports a substantial impact on women’s lives, with higher job satisfaction, increased compensation, and improved work-life balance compared to male counterparts. The platform facilitated benefits access for 55% of women, while 69% received salary increases in 2023.
- Global Economic Impact: Oyster contributed $107M in salary, compensation, and benefits to emerging markets, marking an 86% increase from the previous year. This reflects the platform’s role in breaking down geographic barriers and expanding job opportunities globally.
Insights into Global Salary Trends:
- Median and Average Salary Trends: Developed countries saw a 15% rise in median salaries, while emerging countries experienced a significant 21% increase from 2021 to 2023. Roles such as Software Engineer saw a notable 48% increase in median salary, indicating growing demand for technical expertise.
- Gender and Salary Analysis: The report addresses gender pay gaps and seniority distribution across countries, emphasizing the need for systemic changes to promote fairness in global employment practices.
Oyster®’s Vision and Future Goals:
- Commitment to Equity and Transparency: Oyster remains dedicated to fostering transparency in compensation and advocating for gender equality in the workforce. The platform continues to lead by example, triggering essential conversations and driving meaningful change in global employment dynamics.
Quote from Jack Mardack, Chief Impact Officer and Co-founder of Oyster: “Our Impact Report not only showcases our achievements but also underscores the critical role of tech companies in promoting a more inclusive and equitable global workforce. We’re committed to advancing transparency and empowering diverse talent worldwide.”
Oyster’s Impact Report 2023 reflects its commitment to transforming global employment practices. By empowering distributed teams and promoting gender equality, Oyster® paves the way for a more prosperous and equitable future of work.
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