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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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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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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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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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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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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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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By Melissa J. Anderson (New York City) A new working paper released by the National Bureau of Economic Research suggests that women are more likely to apply for jobs where negotiation is explicitly anticipated. The study supports a theory that women prefer work environments with an unambiguous set of rules about compensation, whereas men tend [...]

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By Melissa J. Anderson (New York City) A new survey released last week by the UK’s Chartered Management Institute shows a significant gap in compensation, advancement prospects, and job security between men and women in the UK. At the management level, on average, women receive £10,060 a year less than men. That difference, after a [...]

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By Melissa J. Anderson (New York City) Several years ago, I stepped into a career fair at my undergraduate university. As a 22-year old anthropology major, I had little direction regarding my future career. The first thing I noticed was that all of the other students were wearing suits and had fancy leather portfolios. Meanwhile, [...]

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