Equal Pay for Equal Work
Equal pay for equal work—it’s a simple concept that remains largely unrealized. But momentum for this basic tenet is growing. Patricia Arquette called it out when she accepted the Academy Award for Best Supporting Actress. Hillary Clinton mentioned equal pay and Patricia Arquette just a few days later at a conference in Silicon Valley. And Catalyst's own Anna Beninger, Director, Research, was interviewed on the CBS Evening News on the subject.
It seems obvious that women and men should be paid equally across all industries and regions. And yet research shows that women still earn less than their male peers despite identical backgrounds, education, and experience.
“Transparency is so important because if you know what your salary is and what your colleagues are making that gives women the information they need to negotiate and to ask and be paid fairly and equally to men.” Deborah Gillis, Catalyst President and CEO, made this comment on CBS This Morning discussing Equal Pay Day and the pay gap.
Click on the image below to watch Deborah Gillis' appearance on CBS This Morning.
Check out this infographic detailing the history of the pay gap.
Facts About Equal Pay:
Inequality starts early: Just one year out of college, college-educated women working full-time earned $35,296, compared to $42,918 for college-educated men working full-time.
Women MBAs are paid, on average, $4,600 less in their first job than men MBAs.
Would you like to have $11,000 extra each year? That’s how much less US women are paid than men because of the wage gap.
Catalyst Quick Take: Women’s Earnings and Income
What You Can Do to Help:
Pay equity is closely linked to poverty eradication. Let’s work to eradicate both!
Pay equity = a highly motivated workforce.
Lower pay for women means fewer dollars spent. The gender wage gap is bad for the economy.
Ending the pay gap starts with taking action!
Catalyst has helpful information and handy tools on mentoring, sponsorship, hot jobs and maximizing potential to help your organization take steps to advance women to leadership positions and, potentially, end the pay gap. We have been building awareness over the years about equity and now it’s time for action! Be a leader for change!
Pay Inequity in the Newsroom
So much has changed since Maria Scrivani was a cub reporter in 1978. Back then women were relegated to the lifestyle sections of the paper, earned less than their male counterparts and were rarely editors. Oh wait. Maybe not much has changed. In this Catalyzing blog post Maria reminds us of a simple wish that is long overdue: equal opportunity and equal pay for equal work. #FairPay