Tuesday, November 11, 2008

Salary Equity? NOT!

A story in our local paper was headlined "Base pay of female CEOs tends to be higher than men’s". Looking further, though, the subtitle told the real story - "However, women getting short-changed on total compensation".

It turns out that only 3% of the CEO's in the study were women (based on 3,242 Canadian and US companies). Their base salaries were about 3% higher than those of their male counterparts. But - when total compensation was reviewed, the women only earned 85% of their male counterparts' income.

There's always more to the story...