AIG is committed to providing a workplace for employees that is built on principles of fairness and equity, without regard to gender, race, or ethnicity. AIG embarked on this effort to help ensure that our employees are provided with the assistance and support they need to perform at their best and to succeed at AIG. All employees at AIG are placed into specific job grades based on duties and responsibilities to ensure that our colleagues are paid equitably. This structure creates consistency globally and helps employees know where they are and where they can go when it comes to compensation, performance management, and career-development opportunities. AIG also periodically conducts internal reviews and external benchmarking studies of our grade and pay structure.
We also believe in reviewing our pay practices for any potential unexplained differences by gender, race or ethnicity. To this end, AIG has internal processes and monitoring in place to assist the company in identifying and addressing any gender, race or ethnicity-related pay-gap issue. We are confident in our approach to help prevent any significant pay-gap issue. Our commitment to pay equity and fairness is one that is shared by our senior leadership and the AIG Board.