Equal Pay for Women: Stats and Resources

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It’s Equal Pay Day and it seems everyone has jumped on the bandwagon.  Recent shifts in the way we speak about women in the workforce, thanks in part to Sheryl Sandberg’s “Lean In” and subsequent New York Times editorials, have opened the door for a deeper conversation on equal pay for women.

As we share our thoughts on why we should be making just as much (if not more) than our male counterparts, let’s be sure we have the facts straight.  And, talking is great but let’s also take action.

Facts on women in the work force and the gender wage gap as well as resources and ways to take action: 

 

  • 70% of women with children under age 18 participate in the work force. 
  • Women make only 78 cents to every dollar a man earns.
  • Women have to work 16 months to earn what a man earns in 12 months.  
  • The average woman will lose $420,000 over her lifetime due to the earnings gap. 

TAKE ACTION: The Paycheck Fairness Act is in Congress and it needs your support.  Fill out a simple form at Moms Rising to send members of Congress an email supporting closing the gender wage gap.

 

READ RELATED: TIPS ON STAYING CONNECTED FOR WORKING MOMS WHO TRAVEL

  • Women are twice as likely to retire into poverty. 
  • 67% of millennial females don’t feel comfortable negotiating a job offer. 

RESOURCE: Get Raised helps women find out if their underpaid and then walks them through a raise negotiation.  Enter your job title, experience, company, salary and location to find out if you’re underpaid.  If you are, Get Raised will help you formulate a raise request and provide expert resources to help you through the process.

 

  • Women make up only 19% of C-suite executives. 
  • Women only hold 16.9% of Fortune 500 board seats.

TAKE ACTION: Recognizing that we women do best with the support of others, Lean In has launched peer groups called “circles.”  Visit the Lean In site to find or start a circle.

 

Let’s keep the conversation going not just on Equal Pay Day but throughout the year.  Supporting women and especially moms in the work force is a win for us all.

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