It’s no secret that the gender pay gap has persisted in the U.S., with women still earning 83 cents for every man’s dollar. And in lieu of a national policy, it may be up to employers to change this narrative.
According to the National Women’s Law Center, women lose $417,000 worth of wages over a 40-year-long career. This disparity only widens for women of color, with Black women losing nearly $1 million in the same period. However, alongside in-depth compensation data and company-wide self-reflection, employers have the power to eliminate these gaps for their workers, says Sara Axelbaum, global head of inclusion and diversity at marketing intelligence company MiQ.
