When women are in charge they tend to pay themselves less than do male colleagues, Erik Sherman reports in Fortune. But women take more enjoyment from what they do.
A recent study from the London School of Economics, Aston Business School and University of Antwerp looked at 159 “social entrepreneurs” in the United Kingdom. These are business owners who seek to create social as well as financial value. Female social entrepreneurs paid themselves 23% less than did male counterparts but had higher job satisfaction, Sherman writes. The researchers concluded that women judged success by the impact of their work more than by sales or salaries.
Sherman cites other research—this from Kristen Roche of Mount Mary University and Keith Bender of University of Aberdeen—that studies 8,897 men and 4,595 women, all college graduates and self employed. Salary was labeled very important by 33% of the men and 29% of women. And while 46% of women said making a contribution to society was very important, just 37% of men shared that view.
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