Saturday, June 9, 2018

THE PAY GAP - WOMEN ARE IN THE POWER SEAT NOW!

Many young women have been brought up in a era where equal pay has been the mantra of their more senior mentors.  Women have been fighting this fight since the early days of Affirmative Action.  This is over 60 years of trying to level the playing field.  The national average still shows that women make 82 cents for every dollar a man makes.  There are so many factors that contribute to this gap.

Women are not less competent by any means and companies are now being forced to solve these gaps through stricter legislation called The Equal Pay Acts.  These acts have been implemented in largely populated states and I believe will be the biggest catalyst to closing these gaps for all.  48 out of 50 states plus Washington DC have enacted Equal Pay Acts.  Click here for the list!

Olivia Waxman of Time wrote an article in April 2018 on the myths of why women make less money promoting myths that say women are ok with making less money for many different reasons. Stemming from biases around our need for flexibility to women do not negotiate for equal wages.  Check it out here!  These myths are ridiculous.

To bust these myths women must speak up and change hiring policies.  Women make up 74% of the jobs in Human Resources.  This means we have the voice to make change.  Equal Pay Acts have identified relevant experience, comparison of job profiles and descriptions across similar jobs and insisting that current pay is not a factor in whether you deserve the salary of the new job you qualify for as the areas that will make salary equality happen much faster for the new generation.   HR professionals should build a council that includes HR, Compensation and Talent Acquisition to review hiring and promotion practices and provide transparency to hiring leaders to stamp out inequity.  This will definitely help move the needle faster over time.

My promise in my February 2018 blog was to give you Tips and Treats that highlight culturally friendly establishments and prove Boston is open to all! So here is this months picks.

TIP
There is no excuse to not know your rights.  But more importantly, whether you are a man or a woman you have to do the right thing from your leadership seat when making pay recommendations.

TREAT
The Industry in Adams Village Dorchester
I had dinner at a new restaurant in Dorchester and I thought I was downtown at a top named steak house.  The steak was one of the best I have ever had.  It was well prepared, the right size, accompanied by yummy side dishes, excellent service and a great wine by the glass list.  Check out The Industry, your neighborhood steak house.  You will not be disappointed.