At Labor Day, Wage Gap Persists for Women; Working Woman's Salary Survey Reveals Women Shortchanged From Top to Bottom.Business Editors NEW YORK--(BUSINESS WIRE)--Sept. 4, 2001 Working Woman magazine, published by Working Mother Media, reported today that women in the workforce earn only 76 cents to the man's dollar. This wage gap has barely changed in the past decade, up from 73 cents in 1990, and represents a pay differential of 24%, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the magazine's 22nd Annual Salary Survey (on newsstands now). For women at the pinnacle of their professions - corporate CEOs, CFOs and COOs - the costliest difference lies not in salaries but in options. Working Woman identifies a critical battleground in the fight for equal wages in the upper echelons and corner offices of corporate America, where men leaders may earn as much as 20-30 times more than their women counterparts in terms of long-term compensation, including stock options and incentive plan payouts. This difference amounts to as much as hundreds of millions of dollars. "Women need to learn to negotiate in this area," says Carol Evans, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. and president of Working Mother Media. "Men know if you don't ask for what you want, no one's going to hand it over. Women are getting better at making salary demands, but they've still got a long way to go before they're being paid market value." The Working Woman Salary Survey demonstrates that even in professions where women far outnumber out·num·ber tr.v. out·num·bered, out·num·ber·ing, out·num·bers To exceed the number of; be more numerous than. outnumber Verb to exceed in number: men, such as nursing, advertising, public relations public relations, activities and policies used to create public interest in a person, idea, product, institution, or business establishment. By its nature, public relations is devoted to serving particular interests by presenting them to the public in the most and teaching, men's earnings continue to surpass women's. The publication also cites the overall "taboo" nature of discussing salary compensation publicly as a primary factor in the wage gap. Working Woman's own Woman's Own is a British lifestyle magazine aimed at women. Woman's Own was first published in 1932. It is one of the UK's most famous women's magazines and is published by IPC Media. online survey indicates that only 29% of workers would be willing to divulge their salary to a coworker co·work·er or co-work·er n. One who works with another; a fellow worker. to gain leverage in asking for a raise. Nothing could convince 37% of the respondents to reveal their personal compensation. "The fact is, the silence contributes to the problem," adds Evans. Working Woman magazine is part of Working Mother Media, which also operates Working Mother magazine, National Association for Female Executive (NAFE NAFE National Association for Female Executives NAFE National Association of Forensic Economics NAFE National Academy of Forensic Engineers NAFE Non-Advanced Further Education (UK) ), Executive Female and the Annual WorkLife Congress. |
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