We have all read the news stories about the gender pay gap. The stories tell us how women are only earning 77% of what men earn. As you may have guessed, this is not the FULL story. In a recent study conducted by PayScale.com it is revealed that many factors need to be considered in this analysis. You will find facts such as:
- Career interruption is a key factor in the differences in wages.
- Wage differences, comparing men and women in similar positions at similar times, are only about 2% different, and in some job categories, women earn more than me.
- Educational level has less impact than you might think it does.
- Men have more career interruptions for being fired than do women.
This study is very interesting. I encourage you to read it.
You can find it HERE. Read it, be informed! Make pay decisions from knowledge rather than basing them on emotional hype.