Our media watcher in Ulster Bank, lovely Lisa Raftery has found a few interesting articles from HBR, Forbes, Economist and other sources.
Why women receive lower salaries than men – because they don’t ask!
As women struggle for equality in the workplace, many complain that the pay gap between the genders is still gaping. Some blame it on a cliquish attitude that favours men, while others point to employers penalising them for taking time out to have children and raise them. But now, a study claims to have discovered who is at fault for the rift in salaries – women. A survey has found that women do not get pay rises, simply because they do not ask for them – the survey found that they are reluctant to knock on doors and demand a higher salary.
For more go here
Women are better retirement planners than men
About the difference between males and females and their retirement planning. More here.
Six Paradoxes Women Leaders Face in 2013
1. The Pay Paradox. According to the latest figures, women are better educated than ever, earning almost 60 percent of all college degrees. Yet, they are paid 23% less than men on average.
2. The Double-Bind Paradox. Women must project gravitas in order to advance at work, yet they also need to retain their “feminine mystique” in order to be liked
3. The Promotion Paradox. It is as plain as day that women are equally qualified to lead in terms of skill and talent, yet they capture far fewer job slots at the top
4. The Networking Paradox. Women are consummate relationship builders, yet they don’t use their contacts to get promoted.
5. The Start Up Paradox. Women make great entrepreneurs, yet they have a tougher time getting VC backing.
6. The Careful-What-You-Wish-For Paradox. Women have more opportunities to work today, yet they are opting-out in high numbers.
More information here
New US Female CEOs since 2011
There are now 20 female CEOs running America’s largest companies. That paltry number (4%) is actually a record. And more than half–11–landed the top job between 2011 and 2012. Firsts. IBM bucked its 100 year track record and this year appointed a woman, Ginni Rometty, to lead the company. Wal-Mart appointed Rosalind Brewer as its first woman and first African-American to head a subsidiary company, Sam’s Club. What’s striking is that the mosts and firsts are coming fast and furious. This year’s FORBES Power Women list includes six brand new chiefs: Marissa Mayer at Yahoo!, HP’s Meg Whitman, Maria das Gracas Silva Foster of Brazil’s Petrobras, Sheri McCoy at Avon and Time Inc.’s Laura Lang, plus Rometty and Brewer. The five newcomer are leading some of the nation’s major companies, they rule over $36.6 billion in revenues.
When women dare to out earn the men:
Discussion of a recently published paper that looks at gender identity and relative incomes in marriage concludes that couples where wife earns more than the husband are less satisfied with their marriage and are more likely to divorce. More here.