Gender issues

Women of all races and income groups are less likely to bargain for raises than men.

“My insights from comparing living as a man and living as a woman is that we still have a very long way to go,” said Caroline Farberger, the chief executive of a Swedish insurance company.

The percentage of workers asking for compensation for work-from-home expenses with their employers hasn’t gone up significantly since the outbreak of COVID-19.

One out of four women said they may downshift their careers or leave the workforce entirely, threatening decades of career progress for female employees.

Racial and gender representation increased in most areas of the company, including among senior management, according to data from the bank.

As many as tens of millions of women may never return to the labor force, even after a vaccine is found. Altogether, global gross domestic product could be $1 trillion less in 2030 than it would be without a gender unemployment gap.

The bank that Jane Fraser takes over in February pays women just 73 cents for every $1 men get, an even wider gap than the national average. And short of 40% of Citigroup’s managers are female.

Citigroup has finally taken a hammer to one of the most-glaring glass ceilings in the finance world after announcing Jane Fraser would become its next CEO.

“This isn't just an issue for women. It's an issue for families, and it's an issue for the government and economies because it drives GDP,” says Jennifer Reynolds, a former investment banker and CEO of Toronto Finance International.

Employers seeking strong social skills are going after females applicants when hiring, according to new data.