Compensation Issues

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College-educated women gain majority in workforce

This year, women gained a slight majority in the college-educated workforce for the first time in U.S. history, The Wall Street Journal reports.

The shifting demographics of the labor force have led to changes in company compensation and benefits packages, according to the report. For example, organizations are increasingly covering egg freezing and fertility services, offering more flexible work hours and more generous parental-leave policies.

Despite these changes, women's salaries still lag. Women account for 46.6 percent of the overall workforce, according to the report. The wage gap may explain this difference, as women often need to earn more degrees to catch up to the earning power of men, according to report. Women also often choose majors and professions like teaching and nursing, which are in high demand but have less earning potential, the report notes.

Read the full story here.

 

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