The gender pay gap
appears to be narrowing, but not by much. Women in the
earn about 761/2 cents for every dollar
earned by men performing the same jobs, according to a salary survey conducted by
the National Association for Female Executives. Three decades ago, women earned
63 cents on the dollar.
The survey, which
examined more than 100 jobs in 20 industries across the nation in 2004, found
that men have more earning power in all jobs, including those in which women
tend to thrive, such as teaching. For example, female high school teachers
earned $42,848 on average while their male counterparts earned $49,660; female sales
and marketing managers earned $46,696, compared to $74,932 for men; and female
securities, commodities, and financial services sales agents earned $33,853 while
men in those jobs earned $60,736. The survey also revealed that minority women
fare even worse: African American women earned just 66 percent as much as white
men in 2004, and Hispanic women earned only 54 percent as much.
Join us this fall in San Francisco for the California Employment Law Update conference, a 3-day event that will teach you everything you need to know about new laws and regulations, and your compliance obligations, for the year ahead—it’s one-stop shopping at its best.