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What the Gap Can Teach Us About Money
The Gap may have many loyal followers stocking up on its basic tees, but its balance sheet hasn't been seeing much black — until lately. The company reported a 51 percent increase in profit last quarter, even though sales were down, by cutting costs and managing inventory. Good for the Gap, but what do the global company's finances have to do with you and me?
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The Gender Gap Is Shrinking — Except at the Top
It turns out, the difference between men and women's salaries is smaller than we thought — as long as those salaries aren’t very big to begin with. A new study from PayScale.com compared salaries across 90 different jobs, adjusting for any outside factors that might affect the salary (the location of the job, the worker’s education, etc.) except for the worker’s gender. What they found was surprising — to see the results, read on.
How Much Do You Know About the Gender Gap?
For the first time in American history, women are in a position to outnumber men in the work force, but we're still earning less than our male counterparts for the same work. What do you know about the dollars and cents of the gender gap? Take the quiz!
Men Earn in Nine Months What You Earn in a Year
The gender pay gap is definitely not a thing of the past — the 77 cents that women make for every man's dollar in this country is a sure sign that gender inequality continues to plague the workplace. To put things in perspective, men make the equivalent of a woman's yearly salary by the time the first of September rolls around. Configured on a weekly basis, a woman must work until the following Tuesday to catch up to a man in an equivalent position.
Savvy Links: Don't Fall For Sneaky Tricks While Shopping
- Don't fall for these sneaky marketing tricks while shopping. — Glamour
- Is there a generation gap in savings? — Get Rich Slowly
- The job market will rebound a lot sooner than expected.
Working Moms Offered $11,000 Less Than Non-Mothers
We’re all (unfortunately) quite aware by now of the gender gap that exists in the American workplace. But did you know there are also some pretty serious discrepancies among women? A new study comparing mothers to non-mothers in the workplace has found that working moms are at a major disadvantage.
Ask Savvy: How Do I Follow Up on a Job I Want?
Dear Savvy,
I have a question about a job I applied for earlier this month (Oct. 4). I got a reply the following morning because my resume didn't download, and I replied with an apology and another attachment a few hours later.
Even in Human Resources, Men Make More
Human Resources departments are dominated by women 70 percent of the time, yet men in the field dominate when it comes to salary. The pay gap between male and female HR executives trickles down to every level of the department: In 2007, the median salary for male HR managers was 47 percent more than female paychecks, while male rank-and-file employees took home 28 percent more than their female counterparts.
One HR consultant assumes the gap could be blamed at least partially on the fact that many men in HR were executives at other firms who were recruited to their roles and enticed with the hefty compensation they were already earning.
Will the US Follow Britain's Lead in Exposing Underpaying Companies?
The US is very hush-hush compared to other countries when it comes to discussing money, and our federal law protects our income tax information from being exposed. Not only does this protect individuals' privacy, it also conceals the prevalent gap between the rich and poor and makes the exact gender gap difficult to measure.
UK Equality Minister Harriet Harman has spearheaded proposed laws that would encourage companies to publish figures showing their average gender pay gap.
Are Women to Blame For the Glass Ceiling?
A new study has led researchers to conclude that women are responsible for creating their own glass ceiling. The study involved 251 male and female managers from different industries nationwide. Participants rated themselves and requested ratings from supervisors, peers, and subordinates; separately, each participant was asked to predict the way others would rate their performance.
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