‘Money Talks’ Category

October 31st, 2013, 6:00 am

Gender Pay Gap is Alive and Well in The C Suite: What’s Behind the Data?

By Michelle Hendelman Recently, Bloomberg reported that women who hold executive leadership positions in Standard & Poors 500 Index companies earned 18 percent less, on average, than their male colleagues. Is this gap nothing more than a statistics problem where fewer women in those top spots yields a lower pay average? Or, are there other [...]

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July 10th, 2013, 6:00 am

Negotiate with Precision: Using Round Numbers May Get You a Lower Offer

By Melissa J. Anderson (New York City) When it’s time to negotiate a salary or raise, what kind of number do you throw out as a first offer? According to a Columbia Business School study [PDF] published in the Journal of Experimental Social Psychology, it may be better to avoid using round numbers – for [...]

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July 9th, 2013, 6:00 am

Does Mobility Affect the Wage Gap?

By Melissa J. Anderson (New York City) According to a recent Yale working paper, when married men and women relocate, men make more money, and women make less. The study is based on an analysis of population data from Denmark, and revealed that couples “chose locations with higher expected wages for the man than the [...]

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May 17th, 2013, 6:00 am

The Link Between Doing Good and Team Performance

By Melissa J. Anderson (New York City) A new study [PDF] suggests that managers can boost team performance by offering “prosocial” bonuses. The study’s authors say that teams do better when individuals get bonus compensation which they are then instructed to spend on another team member or a charitable group. The Harvard Business School working [...]

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April 10th, 2013, 1:30 pm

Three Ways to Set Yourself Up for a Sweet Bonus Next Year

By Stacey Hawley (Chicago) December 25th marks a holiday brimming with worldwide wonder and delight, underscored by the giving spirit. Bonus season, on the other hand, celebrates the act of receiving. When parents recite “it is better to give than receive,” they clearly are not discussing bonuses. Companies with calendar year-ends communicate bonuses between January [...]

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April 9th, 2013, 6:00 am

What to Do on Equal Pay Day

By Robin Madell (San Francisco) Because women earn less, on average, than men, they must work longer for the same amount of pay. The wage gap is even greater for most women of color. –The National Committee on Pay Equity Today – April 9, 2013 – is Equal Pay Day. This annual public awareness event [...]

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April 5th, 2013, 6:00 am

Can an App Help Close the Gender Pay Gap?

By Robin Madell (San Francisco) As we approach Equal Pay Day on Tuesday (April 9), The Glass Hammer spoke with Katie Donovan, whose new mobile app Earn More Girl helps women determine their personal pay gap. The app, which is available for iPhones and iPads, allows women to enter their current pay and select their [...]

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March 19th, 2013, 6:00 am

Why the Financial Advisor Industry Needs Women

By Melissa J. Anderson (New York City) On average, women financial advisors make just 58 cents for every dollar made by their male peers. That’s a significant wage gap, and it’s even higher than the national average (which lies somewhere around 80 percent). One reason for the gap is that men in the industry tend [...]

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March 14th, 2013, 6:00 am

Women on Boards: Asset Managers and Institutional Investors Weigh In

By Melissa J. Anderson (New York City) How loud does money talk? That’s the question posed by the asset managers, institutional investors, senior business executives, statewide elected officials, and national women’s organizations that make up the Thirty Percent Coalition. The group aims to encourage companies to ensure their boards are composed of at least 30 [...]

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March 6th, 2013, 6:00 am

Should You Accept a Promotion Without a Raise?

By Stacey Hawley (Chicago) Receiving a promotion is a big deal. A very big deal. Promotions mean more responsibility, new challenges, and an inherent recognition of an employee’s abilities and potential. But not all promotions come with raises attached. During difficult financial times – when many companies freeze base salaries to control costs – employees [...]

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