Recent News and Research Updates

Meet the Women Who..

• Are reshaping GM from plant floor to the C-suite. 
• Are disrupting the status quo in advertising and technology.
• Didn't make it to the top spot. Women executives talk frankly about the structural barriers that keep women from becoming CEOs.  
• "Woman" in this case: Carla Provost, the first woman to head US Border Patrol, where only 5% of agents are female.

Talking Numbers

• No Progress in the UK: in the number of women executives in FTSE 350, while eight more companies are added to the list of those with no women at the top.
• Leaky Pipeline: McKinsey's updated research on the pipeline to the top shows stark losses for women, especially women of color.
• Legal Matters: the 2017 Law360 Glass Ceiling Report found no progress for women trying to climb the ladder in law firms in the US. The only number on the rise was in gender discrimination lawsuits.  
• C-Suite: Reliance on the usual suspects hurts effort to close the CFO gender gap in the UK.
• Best Firms for Women in Accounting: the MOVE project reports on nine firms where women are 30% or more of partners/principals.

Advancing Women Leaders 

• Women's perception of whether or not your internal processes for advancement are fair and that they will be given serious consideration are critical if you want women to apply for executive roles. 
• Redesigned processes often needed to eliminate unconscious bias in the hiring process. This article talks about hiring assessment tests and provides a great example of how a redesigned process can have an impact. 

Gender Pay Gap 

• Flex Time Impact: Men & women get different reactions, and are judged and compensated differently when they use flex schedules.  
• Same Job, Different Pay: This study shows that men receive higher offers for the same jobs 69% of the time, offers that can vary as much as 30% from the offers given to women.   
• Pay Gap Disclosure: UK companies are beginning to release pay information (now required by law), and the early returns aren't pretty, showing significant gender pay gaps and too few women in high-paying jobs.
• Equal Pay: If current trends continue, Hispanic women will have to wait 231 years for equal pay; for black women the wait will be 107 years. 
• Investor Pressure: Canadian investors want equal pay for women but companies resist disclosure. 
• Drilling Down: data on gender pay gap in Western Australia includes a look at different age brackets & disparities. 
• Education Pay-Off: new data on college graduates in the UK shows that men are likely to earn more than women in all majors except English within the very first year of graduation. 
• Where the Women Aren't: LinkedIn found that women were, on average, less than 30% of the workforce in almost all of the 100 highest-paying jobs in the US (LinkedIn data).   
• Biggest Gap: there is a 44% wage gap between female and male financial advisors, the largest across occupations analyzed by the Institute for Women's Policy Research for Equal Pay Day. In addition to the usual "reasons" for the gap, financial advisors think there are some factors unique to their industry that also contribute to lower pay for women. 
• Call the Doctor: A state-by-state breakdown of the gender pay gap for female physicians shows women physicians make less in every city and in every specialty included in the study.   
• What leads to gender pay inequities? PayScales's gender pay gap report says it's about the gap in opportunity: men are 85% more likely than women to be in a VP or C-Suite role by mid-career and 171% more likely to be in those roles late in their career.  

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