HP’s approach to fair and equitable pay

Why fair and equitable pay is a priority

Ensuring we pay HP employees fairly and equitably is core to who we are. Our culture — the HP Way — is rooted in values such as uncompromising integrity, trust, and respect, all of which guide how we treat each other. Equitable pay is vital to honoring that commitment.

It also benefits our business. Ensuring we pay employees fairly helps HP attract and retain brilliant people in a fiercely competitive market for talent.

Our commitment to fair and equitable pay

We believe people should be paid for what they do and how they do it, regardless of their gender, race, or other personal characteristics.

To deliver on our commitment, we benchmark and set pay ranges based on market data and consider factors such as an employee’s role and experience, the location of their job, and their performance.

We also regularly review our compensation practices, both in terms of our overall workforce and individual employees, to ensure our pay is fair and equitable.

In addition, HP has ongoing employee training and development programs on topics such as growth mindset, unconscious bias, and leadership. These programs are designed to eliminate bias in performance and compensation decisions and further develop our managers and leaders.

Results of compensation reviews

Since 2016 and with the support of an independent third party, HP has reviewed the compensation of HP employees to ensure equitable pay practices. 

As part of our 2024 pay analysis, which covered a base salary analysis for 88% of the global workforce and considered factors relevant to employees doing the same or similar work, no evidence of systemic pay discrimination was found in gender (for all countries where an analysis was performed) or race (for the United States only). 

In cases where base salary differences were identified, and a reason in line with our compensation practices could not be determined, pay adjustments were made to 87 employees as part of this review.  To maintain equity, we will continue to perform these reviews at least annually.

True to our cultural principles and business strategy, our aim is for HP to be regarded as a leader in providing all employees with fair and equitable pay.  We will also continue to regularly evaluate our approach to employee compensation, conduct reviews of our practices, and make timely and appropriate adjustments to individual employees’ pay, as needed.