Start bonus conversations early and know your audience.
When we think about closing the gender pay gap, are we paying close enough attention to our total compensation? This is the question raised by a new report titled Rethinking Gender Pay Inequity in a More Transparent World, published recently by the ADP Research Institute. The report analyzes data from a six-year cohort, tracking 11,000 employees between 2010 and 2016. The analysis looked at fluctuations in base and incentive pay during that period of time. One key finding was that incentive pay - like annual bonuses - play a significant role in determining who does or does not close the pay gap between genders. In at least in one industry, that incentive pay actually helps women nearly close the gender pay gap entirely.
The study suggests that "lower negotiated incentive pay at time of hire may become a limiting factor that prevents career advancement years down the road." Researchers examined six industries, including finance and real estate, professional and business services, information, manufacturing, trade, transportation and utility, and education and health.
In a six year study, the ADP Research Institute tracked men and women's salary from the time they were hired. The report found that the gender pay gap is likely perpetuated because women aren't achieving the same bonus structures as their male counterparts.
www.forbes.com
Read More
0 comments:
Join the Conversation