Apps to help negotiate wages: A new tactic to battle the gender pay gap

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Developers have leveraged data tools to develop apps encouraging women to negotiate higher salaries and help close the gender pay gap, reports The Wall Street Journal.

The apps were developed as part of a hackathon hosted by the White House called #Hackthepaygap seeking to build tools and products to bring awareness to and close the pay gap.

One app called What's My Pay Gap? Leverages data from the Commerce Department to show individuals what their individual pay gap is based on demographics and occupation, according to the report. The report outlines the example of a Hispanic woman between the ages of 24 and 35 with a bachelor's degree who works at a for-profit company earns on average 68 cents for every dollar a man with similar demographics earns.

"When you crowdsource these efforts, they become more efficient and effective," Adam Bonnifield, a presidential innovation fellow and co-founder of analytics firm Spinnakr, told WSJ.

More articles on the pay gap:

Gender pay gap extends at age 32, study finds
Biotechs have no pay gap between male and female CEOs
Physician salary offers: 7 statistics

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