Diversity, Equity and Inclusion:
Our Numbers
Our mission is to inspire people to be their best selves. A diverse, equitable and inclusive workplace helps every one of us do just that. We know that more diverse teams—across all levels of our organization—allow us to build the best experiences for our clients and the business to thrive as a result.
As a company, we understand the power of data and analytical rigor, and we apply that understanding to our diversity, equity and inclusion work. While quantitative data around representation is just one piece of the puzzle (the “D” in DEI), we are committed to sharing it publicly to illuminate where we’ve made progress, where we’ve fallen short and why and where we need to focus our efforts moving forward. We will continue to share our company data on representation and pay publicly each year.
Following are Stitch Fix’s representation and pay equity numbers as of July 31, 2021, the end of our fiscal year.
Representation at Stitch Fix
Gender Representation
From the beginning, we have had an intentional focus on ensuring that women are well represented in roles that have historically been male-dominated. From our CEO, to our Board, to our technical organizations, women are “at the table” and often leading the discussions that take place around it. While our representation of women is something we are proud of, we understand that gender is not binary and will spend this year collecting the data that will allow us to share a fuller picture on gender representation at Stitch Fix in future reports.
Racial/Ethnic Representation
We have begun bringing the same intentional focus to racial and ethnic diversity as we have to gender diversity over the years and will ramp up that focus in the coming year. We are dedicated to centering race and the intersections of race and gender in ways that will allow us to better represent the communities we serve. This includes increasing the number of people of color across our teams, at all levels, and on our Board.
Pay Equity
At Stitch Fix, we established a system of equal pay from the beginning. While the conversation around pay equity has been primarily rooted in gender biases, we examine our pay through the lens of race, in addition to gender. We retained an expert third party, Syndio, to audit our U.S. and U.K. pay data and ensure that we are applying appropriate and accepted methods and standards—and the results validated there is no statistically significant difference in pay across gender and/or race at Stitch Fix.
Simply put, pay equity is equal pay for work of equal value. By paying employees fairly and consistently based on the role they perform, working conditions and according to market data, companies can mitigate bias in compensation related to factors like gender, race or ethnicity. We know these subjective factors can play a role in compensation, to the employee’s disadvantage or to their advantage.
Women earn $1.00 for every $1.00 earned by comparable men. Employees of color earn $1.00 for every $1.00 earned by comparable white employees.
We believe a fair compensation structure designed to mitigate bias is a critical component to drive a more inclusive culture within our own walls and beyond—and ultimately helps us attract and retain the highest caliber talent. It also means that we can sustain a system that creates less motivation for self-serving politics or individual goals, and creates intrinsic motivation to drive toward collective success and the happiness of our clients.
The Year Ahead
This year, we will continue to examine everything from our hiring practices and our employee experience, additional training and support for managers, creating more spaces for employees to learn and grow, to inserting more anti-racist and anti-bias mechanisms into our processes. We will set long-term goals around representation at Stitch Fix, including hiring, retention and progression (promotion) goals across levels. Our work will focus on reimagining the systems that have the potential to drive long-term, sustained outcomes. A few examples of this include revamping talent reviews to optimize for equity, and integrating equity more meaningfully into our product experience design principles. We look forward to bringing you along on our journey.
Our goal is to use the full sphere of our influence to further diversify Stitch Fix because we know that representation in our community makes Stitch Fix better, our ideas stronger and our experience more broadly resonant to the diverse client audience we serve today, and will serve in the future.
We have a strong set of values to lean on as we navigate this together, and a passionate, intelligent, caring and kind group of employees who come together to stand up for what is right and hold us accountable. Our work continues. We look forward to sharing this journey with you.