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Understanding the Gender Gap: What We Can Do Today to Close the Gap!
March 30, 2017 Fatma Abdel-Raouf Pat Buhler
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The Gaps Pay Leadership
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The State of the Gap The problem isn’t going away . . . .
118 years to close the gap!
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A Picture of the Gap AAUW report
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The Progress of the Gap The times they are a changin’ . . . . - NOT!
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The Bottom Line Women underestimate their abilities
A self-perpetuating cycle
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The Pipeline to the C-Suite
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The Irony of the Pipeline
The pipeline is larger No short supply .64.img i8i30k1.pDHQqrZgTNc#tbm=isch&q=funnel&imgrc=layv-v-Evwh72M%3A
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The Story is in the Numbers . . .
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The Gender Pay Gap: Is it Education?
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The Gender Pay Gap: Why So Many Numbers?
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The Gender Pay Gap: Why So Many Numbers? 2015
Definition of income used 16 years and older 25 years and older Median annual earnings 79.6% 79.7% Median weekly earnings 81.1% 80.4% Median hourly earnings, paid hourly rates 85.6% 87.8%
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Female/Male Earnings Ratio Over Time: Where is the Progress?
: the F/M earnings ratio ↑ for 15 years, from 62% in 1979 to 77% in 1993. 1994 – 1997: the F/M earnings ratio ↓ from 76% in 1994 to 74.5% in 1997. 1998 – 2005: the F/M earnings ratio ↑ from 76% in 1998 to 81% in 2005. 2015: the F/M earnings ratio ↓ to 81%.
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Widening the Gender Pay Gap: The Impact of the Wage Growth Rate:
Time Period F/M Earnings growth rate ratio F/M Earnings ratio Females' earnings grew at a faster rate than males in every single year F/M earnings ratio increased in every single year Males' earnings grew at a faster rate than females in every single year F/M earnings ratio decreased in every single year 2001 2012 2015 Source: Google Image
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Widening the Gender Pay Gap: The Impact of the Wage Growth Rate:
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How wide-spread is the gender pay gap?
Source: Google Image
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Gender Pay Gap by Race:
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Gender Pay Gap by Race: 81% 74% 67% 69% 62% 123% 95%
% of White Males, 2015 White Female 81% Black Male 74% Black Female 67% Hispanic Male 69% Hispanic Female 62% Asian Male 123% Asian Female 95% Source: Google Image
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Gender Pay Gap by Age Group:
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Gender Pay Gap by Marital Status:
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Gender Pay Gap by Educational Attainment:
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The Gender Pay Gap in Management Jobs:
Source: Google Image
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General and Operations Managers:
Source: Google Image
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Marketing and Sales Managers:
Source: Google Image
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Financial Managers Human Resources Managers
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The Female/Male Earnings Ratio in Professional Jobs:
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The Female/Male Employment Ratio in Professional Jobs:
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The Female/Male Earnings Ratio in Education:
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The Female/Male Employment Ratio in Education:
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The Female/Male Earnings Ratio in Medical Jobs:
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The Female/Male Employment Ratio in Medical Jobs:
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Gender Pay Gap and Income Distribution:
Source: EPI 2016. The xth-percentile is the wage at which x% of wage earners earn less and (100-x)% earn more.
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Gender Pay Gap by States: IWPR Report: 2014 Top and Bottom 10 States, F/M Earnings Ratio
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How Much Money are Women Losing Over their Working Life Due to Gender Pay Inequality?
2014, $10,762 x 40 years of work = a whopping $430,480 of losses!
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Top and Bottom 5 States for Women’s Losses Over Their Working Life, 2014:
Source:
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Women's Losses Over their Working Life, 2014
Source: Google Image Source:
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2015 Poverty Rates and Gender Gap:
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Gender Pay Gap and Poverty: IWPR Report
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Gender Pay Gap and Poverty: IWPR Report
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Gender Pay Gap and Economic Growth: IWPR Report
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Gender Pay Gap and Economic Growth:
It adds up! A report by the McKinsey Global Institute (MGI) Closing the gender gap can grow the U.S. Economy by $2.1 trillion in GDP by 2025. Every state and city in the U.S. can add at least 5% to their GDP. 1/2 of the U.S. states can add > 10% to their GDP and the 50 largest cities can add 6 – 13%.
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Gender Gap and Company’s Profits:
Return on Equity (ROE): Companies with the highest % of women board of directors (WBD) outperformed those with the least WBD by 53%. Return on Sales (ROS): Companies with the highest % of WBD outperformed those with the least WBD by 42%. Return on Invested Capital (ROIC): Companies with the highest % of WBD outperformed those with the least by 66%. Source: Catalyst’s Report “The Bottom Line: Corporate Performance and Women’s Representation on Boards.” 2007.
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Is Three a Charm? ROE: 16.7% vs. average of 11.5%
Catalyst’s report, companies with three or more WBD have : ROE: 16.7% vs. average of 11.5% ROS: 16.8% vs. average of 11.5% ROIC: 10% vs. average of 6.2%
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F/M Earnings Ratio By Education in Wilmington, DE in 2014
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Women's Losses Over Their Working Life By Education in Wilmington, DE in 2014
Source: Google Image
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Gender Pay Gap Calculator
Developed by the Economic Policy Institute (EPI): Epi.org/paygapcalc Gender Pay Gap Calculator
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Gender Bias: Women get interrupted more often than men.
Women are asked more challenging questions than men. Women’s statements are questioned more often than men’s.
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Digital Fluency Rate and Gender Pay Equality:
Developed Countries: (2015 Start) Current Technology (status quo): 50 years to achieve gender pay equality, by 2065. Doubling the digital fluency rate: 25 years to achieve gender pay equality, by 2040. 25 years Faster! Developing Countries: (2015 Start) Current Technology (status quo): 85 years to achieve gender pay equality, by 2100. Doubling the digital fluency rate: 45 years to achieve gender pay equality, by 2060. 40 years Faster!
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The Call to Action Raise awareness Promote transparency Offer coaching
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The Call to Action: Raise Awareness
70 vs. 12 (McKinsey) Track metrics Set gender targets Assess organizational attitudes
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The Call to Action: Promote Transparency
Permission and confidence “Salary negotiable” in ads Process for pay determination
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The Call to Action: Offer Coaching
Mentors Provide male sponsorships Negotiation workshops
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The State of the Gap and You
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The State of the Gap and You: Recommendations
Beware of “benevolent biases” Manage that impression pQvtpycvg#tbm=isch&q=posoned+apple&imgrc=obMRDYBEOx8K5M%3A
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The State of the Gap and You: Recommendations
Inventory attitudes: Grit Positive attitude Growth mindset Humor 64.img i8i30k1.pDHQqrZgTNc#imgrc=5KiTQhfrdg8XDM%3A
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The State of the Gap and You: Recommendations
Use space Think about language
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The State of the Gap and You: Recommendations
Say no Self promote Review recommendation letters Qtpycvg#tbm=isch&q=letters+of+recommendation&imgrc=jv8uDddbWHYu3M%3A
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Thank you!
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