Women Still Facing Pay Gap
The jobs where the gender pay gap is the largest
The average woman still only makes 79 cents for every $1 earned by the average man, according to CBS News. In some occupations, however, the gender pay gap is even worse than that. Interestingly, the largest income gaps aren't found in high level jobs, like CEOs or CFOs. Most of the biggest gaps are found in middle-class professions that are typically dominated by men, like loan officers.
Women who are farmers and/or ranchers have the biggest gap to close. According to the latest Census, female farmers only make 60 cents for every $1 male farmers earn. Women farmers make about $25,310 per year, while male farmers make about $41,691. Women who are insurance underwriters don't fare much better. They make 61.5 cents for every $1 men earn. The same goes for financial clerks (62 cents ); financial analysts (63 cents) and financial managers (64 cents).
Hopefully, the fact that the gap still exists will inspire some women to negotiate for higher pay. The first step? Know your worth. Do research and find out what someone in your role should be paid. If you're nervous, have someone role play with you to prepare. Then, when you're negotiating, be positive and tell your boss why this salary boost will be good for you and the company. The most important thing to do, however, is to try. Studies have found that women are less likely to negotiate salaries or ask for raises than men. It's time to buck that trend.
Article written by Chris O'Shea and provided by SavvyMoney®.