DEI Business Challenge_Presentation, A2 (1)

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CLOSING THE GENDER PAY GAP Tara Arora, Kate Christian, Trent Emmert, Abdul Sharaf, Addy Werling FYIC SECTION AA GROUP 2
FRAMING THE ISSUE: How might we close the gender pay gap so that women and men make equal median hourly rates in the United States?
100 75 50 25 0 16 Cents Less Than Men THE FACTS Women make 84 cents for every $1.00 a man makes. This must change. Women Men
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INSIGHTS: 01 Educational Attainment 03 Differences in Industries and Jobs Worked 02 Work Experience 04 Motherhood What variables account for the difference between men and women's median hourly rates?
OVERVIEW: Difference in Median Hourly Earnings: What is Gender Pay Gap? What is our focus?
OVERVIEW What is your focus? Difference in Median Hourly Earnings: There was a 16% difference in the median hourly earnings between women and men in 2020 in the United States. What is Gender Pay Gap? The Gender Pay Gap measures the difference between the average earnings of women and men in the workforce. It has been established as a measure of women's position in the economy in comparison to men.
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Implement structures to encourage women to join and stay within STEM and business lines of work. RECOMMENDATIONS: GET MORE WOMEN INTO THE HIGHER-PAYING WORKFORCE. 1)
RECOMMENDATIONS: FORM EMPLOYEE RESOURCE GROUP (ERG) TO PROVIDE SUPPORT FOR WOMEN ALREADY WITHIN COMPANIES 2) This could include valuable performance reviews for women, mental health resources, reduced working hours, and an improved company culture that encourages employees to take advantage of these resources.
PAY TRANSPARENCY AND PAID LEAVE/CHILDCARE RECOMMENDATIONS: 3) By publishing salaries and the formula used to calculate them, employees will feel reassured that they are being pay fairly. It will not only lead to pay equity, but reduce salary negotiations, which typically favor men. Also, by providing paid leave/childcare, companies can remove family-life barriers that may prevent women from entering the workforce.
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A CALL TO ACTION: Why address the wage gap? Women are more financially vulnerable than men Women are under-represented in higher-paying fields. Women cannot continue to struggle in the workplace BREAKDOWN:
A CALL TO ACTION: Why address the wage gap? We must address the wage gap so that we can ensure change is established. Fighting to end the gender pay gap can ensure that women and men are both fairly and equally paid for the work they do. Not only will addressing this issue bridge the wage gap but it will also invoke future changes for gender equality. Addressing gender inequality as the root of the problem can help improve rights of women and girls, help extreme poverty, and overall global inequality.
A CALL TO ACTION: Adressing the wage gap According to the Financial Health Network, women are more likely to be financially vulnerable than men.
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A CALL TO ACTION: Adressing the wage gap The reason for this disparity is because women are under- represented in higher-paying fields.
Women cannot continue to struggle financially and face workplace discrimination because of their gender. A CALL TO ACTION: Adressing the wage gap
THANKS FOR WATCHING! Any Questions?
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References Barroso, A., & Brown, A. (2022, June 08). Gender pay gap in U.S. held steady in 2020. Retrieved September 26, 2022, from https://www.pewresearch.org/fact-tank/2021/05/25/gender-pay-gap- facts/#:~:text=Women%20ages%2025%20to%2034,from%2036%20cents%20in%201980. Bureau, U. (2022, February 24). Census Bureau releases new educational attainment data. Retrieved September 26, 2022, from https://www.census.gov/newsroom/press-releases/2022/educational- attainment.html#:~:text=10.9%25%20in%202011.,Sex,women%20and%2046.9%25%20were%20men. Bleiweis, R. (2022, January 19). Quick facts about the gender wage gap. Retrieved September 26, 2022, from https://www.americanprogress.org/article/quick-facts-gender-wage-gap/ Warren, A., McKay, J., & Greene, M. (2022, July 14). The gender gap in Financial Health. Retrieved September 26, 2022, from https://finhealthnetwork.org/research/gender-gap-in-financial- health/#:~:text=Even%20after%20controlling%20for%20income,areas%20of%20their%20financial%

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