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Infographic: A Closer Look at the Wage Gap

Much of the recent discussion around women in the workplace has centered on pay inequality between men and women, with one popular statistic often cited: On average, women earn only 77 cents per dollar, compared to their male counterparts. But a new infographic from the website topmanagementdegrees.com titled “Why Women Don’t Make Less Than Men” takes a closer look at that well-touted claim and examines five factors impacting pay inequality: occupations, positions, education, job tenure and hours worked per week. According to the infographic below, when you factor in those issues, the wage gap between men and women shrinks to a nickel, with women earning 95 cents per dollar, compared to men. Choice of Occupation When it comes to careers, women often choose the lower-paying route, such as health and education, while men opt for more lucrative options, mainly in STEM (Science, Technology, Engineering and Math). A recent article in The Daily Beast explained the wage gap this way: “Much of the wage gap can be explained away by simply taking account of college majors. Women, far more than men, appear to be drawn to jobs in the caring professions; and men are more likely to turn up in people-free zones. In the pursuit of happiness, men and women appear to take different paths.” Working Moms vs. Working Dads The infographic also found that women with children under 18 had a much harder road to advancement compared to men, with 51 percent of working mothers saying it was harder to advance, compared to 16 percent of men. Working moms also face career disruptions -- such as reduced work hours, taking time off, quitting a job or turning down a promotion -- at a higher rate than men. Closing the Gap According to Randstad’s latest Employee Engagement study, women want more visible female leadership and family-friendly work policies in order to advance to leadership levels, which can in turn close the wage gap. Some highlights regarding what companies can do to promote women in the workplace:

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Why Is There A Lack of Women At The Top?

In the U.S., more women than men are graduating from college and women constitute the largest consumer base for many organizations. So why do women hold only 15.7% of board seats of Fortune 500 companies?

The lack of women present in top leadership positions was the topic of discussion during Randstad’s Women Powering Business breakfast and panel discussion.

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Can Women Have It All With Careers and Kids?

I know – the title of this post is a loaded question.

The feminist in me scoffs at it and asks, “And why not? Men have been doing it without problems or questions for centuries. So now, in 2011, isn’t it about time that women would be able to do it, too?”

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How to Land a Real Work from Home Gig

Do you dream of being able to work from home? Do you wish some days you could roll out of bed and immediately start accomplishing your tasks for the day, without having to make the dreaded commute to the office?

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Make a Life Plan Before You Get a Business Plan

Typically if you read business books or talk to anybody about starting a business, you would hear advice that is centered on the importance of having a business and sales and marketing plan; the focus is on numbers, figures and logistics that you would need in order to turn your idea into reality. But rarely would you hear the advice about having a Life Plan. That’s right, regardless of the size and the nature of the business you’re planning to launch, if you are an aspiring business owner, you must assess whether you and your life is actually ready to take on this venture. Overlooking this can often prove to be a costly mistake and a lot of unnecessary headache can be avoided by paying attention and planning all aspects well.

So what do I really mean by a Life Plan?

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How to Create a Vision Directed Career

For most people when they embark on their first careers they have a sense of what they want to do or who they want to become. But often as time goes on, we begin to lose sight of things. As we grow and evolve as individuals, our ideas of what we want from life and career may change. Also we get so caught up in managing our careers, navigating through the ups and downs, that it is easy to lose sight of that vision.

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Women Powering Technology Series, Part Two

 The second installment of our Women Powering Technology series features:
Evelyn Miraglia, Senior Manager, Business Continuity at Coach.

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Getting – and Keeping – Women on the Leadership Track

 Women are taking on leadership roles and adding value at the top levels of organizations more than ever before – case and point, Marillyn Hewson, who was recently named the first female CEO of Lockheed Martin, one of the world’s largest defense contractors.

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“I’m not bossy. I’m the boss.”

Could banning one word today really affect the leadership of tomorrow?

According to Facebook chief operating officer and author of best-selling book “Lean In,” Sheryl Sandberg, the answer is yes.

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How Can Companies Pave The Way For More Women CEOs?

2014 started off as a great year for women in leadership, with the January announcement that Mary Barra was tapped as the new CEO for General Motors, making her the auto industry's first female chief executive officer.

To discuss this groundbreaking development, Randstad's own Chief Marketing Officer Kristin Kelley recently appeared on Boston's New England Cable News (NECN) to discuss Barra's appointment and other ways companies can help women leaders advance to top levels in the workplace.

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