Executive Women Narrow the Gender Pay Gap When Switching Employers
CAMBRIDGE, Mass., July 14, 2021 /PRNewswire/ --Executive women are narrowing the gender pay gap by commanding higher percentage pay increases than men when changing employers, according to a new article released today by MIT Sloan Management Review .
- CAMBRIDGE, Mass., July 14, 2021 /PRNewswire/ --Executive women are narrowing the gender pay gap by commanding higher percentage pay increases than men when changing employers, according to a new article released today by MIT Sloan Management Review .
- Among senior executives, the study found that pay increases for job-switching women were 9.41 percentage points higher than increases for men.
- "Executive women have an underexploited opportunity to shrink the gender gap further by negotiating a greater share of performance-based pay particularly in contexts where they are highly visible, scarce, or both."
- The gender pay gap is further narrowed when executive women negotiate and include performance-based bonuses in addition to their salary-based compensation package.