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New Study by Visier on Gender Pay Equity Discovers New Key to Closing the Gender Wage Gap
Tuesday, August 2, 2016Company Profile | Careers | Follow Company
Analysis uncovers definitive link between the underrepresentation of women in manager positions and the gender wage gap in US enterprises
Vancouver, BC, August 2, 2016--(T-Net)--A recent study from Visier, a leader in Workforce Intelligence, has found that mothers in the US continue to pay the price in career advancement and wages for starting a family.
The Visier Insights™: Gender Equity report, published last month, uncovers a direct correlation between the Manager Divide, a growing underrepresentation of women compared to men in manager positions from age 32 onwards, and a widening of the gender wage gap for large US employers. The report finds that eliminating the Manager Divide, which coincides with the years in which women typically have children, would cut the gender wage gap by nearly one third.
Download the Gender Equity report.
“Every CEO should be looking at gender equity,” says John Schwarz, Founder and CEO, Visier. “Countless studies have shown the equal economic contribution women make in the workforce, yet companies have struggled to achieve the goal of equity in compensation. With this Visier Insights report—made possible by the contribution of our customers to our unique workforce database—we give leaders the factual basis on which to implement programs that can accelerate gender equity. It turns out that the gender inequity is not just a compensation issue, it is a problem of unequal participation of women in the higher paying managerial jobs.”
The Gender Wage Gap
Numerous studies highlight that the gender wage gap cannot simply be explained as “unequal pay for equal work.” Rather, they have proven gender pay inequity to be a systemic challenge where women as a whole earn less than men on average, and do so across education levels and occupations.
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As discovered by Visier Insights, the gender wage gap is driven by the Manager Divide: gender inequity in manager positions that is closely tied to the childcare years, when women experience increased demands from their home life.
“Having a child shouldn't undermine the earning potential of women, but our study shows that it still does,” says Schwarz. “I believe employers today have good intentions to achieve gender equity, but have been lost in chaotic and conflicting data sources. Business leaders need to be making decisions based on confident knowledge, not on guesswork. We at Visier are on a mission to enable that.”
Key Report Findings
Based on analysis of a workforce database representing dozens of large U.S. enterprises, the Visier Insights study found:
Read the blog: Overcoming the Manager Divide: How to accelerate the path to Gender Pay Equity.
Slashing the Gender Wage Gap by closing the Manager Divide
There are a number of important steps employers can take to make meaningful progress towards closing the gender gap.
Additionally, leaders, workers, and community members alike can work to eradicate the gender wage gap:
Do you have more ideas? Share them with @visieranalytics or use #VisierInsights.
About Visier
A leading innovator in Applied Big Data cloud technology, Visier provides Workforce Intelligence solutions that are enabling the world's best led organizations to maximize their business outcomes through their people.
Visier's solutions let organizations understand and plan—with precision—how to best and most cost-effectively recruit, retain, and develop their workforce. With Visier, senior leaders, HR, and people managers everywhere can answer key workforce questions, align on goals and strategies, optimize costs, and act on decisions and plans to drive dramatically improved business outcomes. Visier does this by providing complete pre-built solutions in the cloud as a service that leverage Visier's innovative multi-dimensional, and super fast in-memory technology. Visier users outperform others by a wide margin.
Founded by respected innovators in business intelligence the company's leadership team has a proven track record of technical, operational, and strategic management success with companies such as Business Objects, IBM, SAP, and Oracle. With millions of customer employee records in the cloud, Visier is taking the guesswork out of people management for everyone.
For more information, visit http://www.visier.com.
Media Contact:
Joseph Martorano
visier(at)sparkpr(dot)com
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