According to findings from workforce analytics firm Visier, at age 32, women earn roughly 90 percent of their male peers’ incomes. By age 40, women make 82 percent of their male counterparts’ salaries. In the intervening years, men are also more likely than women to be promoted into managerial roles, according to the report.
The company found that managers earn nearly double what non-managers make, so as men ascend managerial ranks at a faster rate than women, the gender wage gap increases further. If an equal proportion of male and female employers were managers, about one-third of the wage gap for workers over age 32 would go away, Visier found, according to the report.
To reach these findings, Visier analyzed pay and promotion data from its database of 165,000 U.S.-based employees from 31 companies.
More articles on leadership and management:
Retiring CEO Bill Thompson reflects on 36 years with SSM Health
Jefferson Health CEO Dr. Stephen Klasko: Be prepared to kick the status quo
Bergen’s request for new management attracts team of unexpected allies
At Becker's 4th Annual CEO + CFO Roundtable, taking place November 2–5 in Chicago, more than 1,500 hospital and health system executives tackle decisions that determine whether organizations thrive or merely survive: protecting margins under cost pressure, choosing where to grow, renegotiating payer relationships, stabilizing the workforce and proving real ROI on technology. This is where leaders work through them together, face-to-face. Apply for complimentary registration now.
