Today is Equal Pay Day in the United States, which symbolizes how far into 2014 women must work to earn what men earned in 2013. Eighteen years after the day was created by the National Committee on Pay Equity, the gap still remains. In fact, according to the Institute for Women's Policy Research, it will take 45 more years to close the gap. The time to act is NOW. Follow @CatalystInc on Twitter and tweet with the hashtag #FairPay to show your support for equal pay.
In this issue of C-News we shine the spotlight on equal pay, while also highlighting initiatives that are working toward the goal of equity via the advancement of women. Through Making Change Happen with the Catalyst Award, blog posts, and the launch of our new office in Australia, Catalyst is dedicated to bringing equity to every workplace across the globe!
Facts About Equal Pay:
Inequality starts early: Just one year out of college, college-educated women working full-time earned $35,296, compared to $42,918 for college-educated men working full-time.
Women MBAs are paid, on average, $4,600 less in their first job than men MBAs.
Would you like to have $11,000 extra each year? That’s how much less US women are paid than men because of the wage gap.
What You Can Do to Help:
Pay equity is closely linked to poverty eradication. Let’s work to eradicate both!
The United States. Canada. Europe. India. Catalyst continues to work toward global change with our newest endeavor: Catalyst Australia Women Research and Consulting Limited. Catalyst’s presence in Australia will build on the momentum brought about by the country’s groundbreaking programs and Catalyst’s successful collaboration with the Australian government’s Workplace Gender Equality Agency. The sense of momentum was palpable at the launch event on March 19 in Sydney, with everyone asking “what more can we do?” We welcomed representatives from more than 60 companies, including Catalyst Award winners, Commonwealth Bank and Telstra, and had a waiting list of people wanting to attend.
Making Change Happen: Catalyst Awards Conference Retrospective
Building on the momentum launched at our 50th anniversary and with last year's theme of Ready For Change, this year’s Catalyst Awards Conference was all about Making Change Happen. We brought together experts from around the world to share their knowledge about how they move the needle for women’s advancement. Every presenter and every session showcased intentional leadership decisions that made change happen, including our two Catalyst Award winners:
Rosalind G. Brewer, President & CEO, Sam’s Club, spoke about her career and her advice for audience members seeking to make change at work. She mentioned looking for people who bring others to the table and display hard work, personal integrity, and high expectations for themselves. And she stressed that balance isn’t always 50/50 – some days it’s 90/10 work and the next day it’s 90/10 personal. Don’t feel guilt or offer excuses—it’s a give and take.
And everyone heard from Rhodes Scholar and the first African-American to win an Olympic or Paralympic skiing medal, Bonnie St. John, as she shared her inspirational story with attendees. Bonnie used her own experience to reinforce that when you decide to make a breakthrough change, life doesn’t roll over. You need to still push and persevere. No one said this would be easy. A true Catalyst, indeed.
On April 2, 1,600 guests—including close to 100 CEOs as well as senior executives from leading multi-national corporations and professional firms—gathered to honor Kimberly-Clark and Lockheed Martin’s initiatives at the Catalyst Awards Dinner. We also celebrated and honored our retired President and CEO, Ilene H. Lang and officially welcomed her successor, Deborah Gillis. See what you missed by watching videos from our dinner retrospective.
From Left: Marillyn A. Hewson, Chairman, President, and Chief Executive Officer, Lockheed Martin Corporation; Deborah Gillis, President & CEO, Catalyst; Thomas J. Falk, Chairman of the Board and Chief Executive Officer, Kimberly-Clark Corporation.
Ending the pay gap starts with taking action!
Catalyst has helpful information and handy tools on mentoring, sponsorship, hot jobs and maximizing potential to help your organization take steps to advance women to leadership positions and, potentially, end the pay gap. We have been building awareness over the years about equity and now it’s time for action! Be a leader for change!
So much has changed since Maria Scrivani was a cub reporter in 1978. Back then women were relegated to the lifestyle sections of the paper, earned less than their male counterparts and were rarely editors. Oh wait. Maybe not much has changed. In this post Maria reminds us of a simple wish that is long overdue: equal opportunity and equal pay for equal work. #FairPay