Equal pay laws have been around for decades, but the gender pay gap persists. Women earn 82 cents for every dollar a man earns—but some groups fare much worse. Black women earn 62 cents, Native American women earn 60 cents, and Latina women earn 55 cents. Working moms earn 72 cents for every dollar working dads earn. LGBTQ+ women in tech earn 90 cents for every $1 offered to non-LGBTQ+ men.
Men are offered higher salaries than women for the same job title, at the same company, 63 percent of the time—and women are learning about these pay disparities. When negotiating for a pay increase, men are 7 percent more likely than women to get that increase, while women are more likely to get improvements to benefits, stock options, or their job title.
The pay gap can also be partially attributed to an opportunity gap. For every 100 men promoted to manager, only 85 women were promoted. The share of women in SVP roles is 28 percent, and the share of women in the C-suite is 21 percent. Only 3 percent of C-level executives are women of color, while 66 percent are white men.
It’s time to close the gender pay gap. If you’re ready to take action, here’s a 3 step framework to help you get started.
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