“The gender pay gap is real, but more complicated than you think,” reports an interesting new study of women’s and men’s wages conducted by PayScale.com, a provider of on-demand compensation data and software. The often-quoted wage statistic (which PayScale.com calls the “uncontrolled gender pay gap”) is that women earn 78 cents for every dollar a man earns. But that’s just the beginning, according to the new study, “Inside the Gender Pay Gap,” which examines the difference in median earnings of men and women by marital and family status, across industry, job family, degree level, generation, management status, job level, state, and metropolitan statistical area.
One finding is the gender pay gap is widest between Married Mothers and Married Fathers who say they “prioritize family over work obligations at least once a year.” No gap is found between single men and women without children who say they never prioritize family over work.
Women’s wages stop rising much earlier than men’s. PayScale finds that men’s wages rise until they are ages 50 to 55, with a median salary of $75,000. Women’s salaries stop rising when they are 35 to 40 and have a median of $49,000.
Balancing the “uncontrolled gender pay gap” referenced above, PayScale.com calculated a “controlled gender pay gap” that understands that men and women don’t just have different wages, they have different types of jobs. What’s the gap when women and men do the same work? “Our data scientists applied our proprietary algorithms to more than 1.4 million salary profiles to compare men and women working the same jobs and controlling for factors such as experience, location, hours worked, education, and more to calculate an ‘apples-to-apples’ analysis of pay equity,” the study reports. “When comparing like to like, we calculate a controlled gender pay gap of 2.7%. (Based on our database, the uncontrolled gender pay gap is 25.6 percent.) That means that women earn 2.7% less than men with similar characteristics working the same jobs.” In other words, the real pay gap is 74 cents on the dollar.
Additionally, that gap “widens as you climb the corporate ladder, that men get promoted faster than women, and that women report more negative feelings about job satisfaction, job stress, and communication with their employers.”
There is much more worth reading in Payscale.com’s “Inside the Gender Pay Gap” report. Share your experiences and opinions at GlassCeiling.com, your best resource for women determined to succeed in business.