Paid Family Leave Reduces Women’s Wages, Increases The Gender Pay Gap
Forbes April 16, 2017 By Tim Worstall There is, as we all know, a considerable head of steam under the idea that the United States should introduce paid family leave as a legal right. And perhaps it should. Yet there is a problem here, which is that the introduction will reduce women’s wages and thus increase the gender pay gap. …
Millennial men are 50% more likely than women to blame gender discrimination for hurting their career opportunities
Business Insider April 14, 2017 Lianna Brinded The gender pay gap is so huge it could take 170 years to close. And data shows that women working in some of the world’s largest professional services institutions are less likely to make it beyond the junior rung of the career ladder. However, a new report by private research software company Qualtrics …
AI programs exhibit racial and gender biases, research reveals
The Guardian April 13, 2017 Hannah Devlin An artificial intelligence tool that has revolutionised the ability of computers to interpret everyday language has been shown to exhibit striking gender and racial biases. The findings raise the spectre of existing social inequalities and prejudices being reinforced in new and unpredictable ways as an increasing number of decisions affecting our everyday lives …
New Zealand picks up toolkits to address gender pay gap and attitudes to women
Stuff March 20, 2017 By Helen Tatham Two online toolkits designed to change attitudes towards women are the “new ideas” Rangitata MP Jo Goodhew brought back from a week-long visit to New York last week. Goodhew led a delegation to the United Nations Commission on the Status of Women on behalf of Minister for Women Paula Bennett. The commission, …
Why Is Silicon Valley So Awful to Women?
The Atlantic April 2017 By Liza Mundy One weekday morning in 2007, Bethanye Blount came into work early to interview a job applicant. A veteran software engineer then in her 30s, Blount held a senior position at the company that runs Second Life, the online virtual world. Good-natured and self-confident, she typically wore the kind of outfit—jeans, hoodie, sneakers—that signals …
Gender equality crucial to GDP rise
The Navhind Times March 7, 2017 NEW DELHI: Gender equality is crucial in raising the GDP of a country, a top Uttar Pradesh Police officer said here on Monday. “The need for gender balance is critical in raising a country’s GDP. Safety, security and dignity of women are paramount for gender balance and growth,” Director General of the Uttar Pradesh …
On Leadership The gender wage gap isn’t just unfair. It also ups the odds women get anxiety or depression.
The Washington Post January 7, 2016 By Jena McGregor Studies have long shown that women are more likely to suffer from depression and anxiety than men. And attempts have long been made to explain it, citing everything from biological differences to the challenges women disproportionately face, such as balancing the additional child care and family responsibilities often expected of them …
THE GENDER PAY GAP: Myth vs. Reality… And What Can Be Done About It
BY BEN FROST
KORN FERRY HAY GROUP
What makes the gender pay
issue a board-level concern?
In a word, profitability.
According to the Peterson Institute for International Economics’
recent study of 21,980 companies in 91 countries, the presence of
more female leaders in top positions of corporate management correlates
with increased profitability.
The gender pay gap has become a rallying cry among shareholder
groups, in the media and also as a much-talked-about issue during
the US presidential election season. According to one widely quoted
statistic from the Institute for Women’s Policy Research (IWPR): “In
2015, female full-time workers made only 79 cents for every dollar
earned by men, a gender wage gap of 21 percent.” That quote has
been repeated, reprinted and retweeted countless times, but how
accurate is it?
While there is some consensus that a gender pay gap exists, what is it
really? Equally important, what are the causes, and what can organizations
to do to ensure that individuals are paid what they are worth,
regardless of gender?
AN APPLES-TO-APPLES COMPARISON
Korn Ferry Hay Group set out to create a more accurate view of what
the gender pay gap actually is. We had one advantage at the outset,
one lacking in other analyses: We were able to control for job level—
the biggest driver of pay. Our pay database holds compensation data
for more than 20 million employees in more than 110 countries andacross 25,000 organizations, making it the largest and the most comprehensive
such database in the world. In addition, for every country for
which we have the granular data (in this case for 33 countries), we were
able to compare pay for men and women at the same job level; at the
same job level and in the same company; and at the same job level, in the
same company and in the same function.
By isolating the main factors that influence pay—job level, company and
function—we found that the actual gender pay gap looks far different
from the image broadcast in the media. In fact, the deeper we drilled into
the data, the smaller the pay gap became. And when we compared like
with like, it became so small as to virtually disappear.
2015 Gender Gap in Financial Wellness
by Financial Finesse