Women love working for companies like Bank of America, Discovery Communications, and General Mills. It’s not just the atmosphere and flex-time that women find appealing. It’s also that the female employees of this company are paid the same salaries as male employees, for the same job.
A new study was released this week, announcing that the gender wage gap has narrowed by two cents in the last seven years. It’s big news everywhere that women now earn 81 cents to every man’s dollar.
But that is at the management level.
Look at jobs at other levels in the workforce, and you discover that women only earn 77 cents for every dollar a man earns, even when education and experience levels are the same.
And back to management jobs. If a woman has no children, she actually makes 83 cents on the dollar, compared to 81 cents for mothers.
If you own your own business or are responsible for the hiring of employees, I encourage you to take a long, hard look at your payment practices.
Modify your policy to ensure gender wage parity, then use it as a marketing tool to recruit top-notch talent. You’ll not only have more candidates than you know what to do with, you’ll end up with a workforce that spreads the love to customers, making you bigger profits.
We’ve been at this equal pay game for nearly 50 years – isn’t it time to even the playing field?