Gender Inequality In The Financial Sector Essay

It is easy to make a case to pass legislation for a quota for women on corporate boards. There is statistical data showing a difference in pay between men and women. Women often hit a ‘glass-ceiling’ when it comes to promotions in the workplace; and even when they are able to progress, it is often more difficult than men. Women lack a female mentor in the workplace to sponsor them because women who are in a position of power are afraid of losing that position. According to the text, “women who have achieved positions of power in male-dominated environments may fear competition from other women and actively work to undermine them” (Allard & Harvey, 2015). Lastly, on a global scale, four prominent countries (Norway, Finland, France, and Italy) have already passed legislation involving quotas for women in corporate positions (Allard & Harvey, 2015).

With the majority of law based rights already having been granted to women, more focus will be put on equalizing the individual perception of gender. Although it isn’t legal to discriminate against women for the amount of work they do, or to give better jobs to men, more women are currently and will continue to push for these thoughts to cease to exist at all. As of 1963, the Equal Pay Act requires that men and women doing equal work must receive equal pay (Cunnea 9). With men and women receiving equal pay for the same work, the only things that should end up mattering for employment other than the usual experience, qualifications, and reviews of past management are an individual person’s work ethic and

In modern america sexism is slowly diteriating, but it has not complitly disappeared. Women have worked hard to become astronaut, Ceos, presidentsdoctors and more, but even with these accomplishments women are still discriminated against. Women face a variety of stereotypes in the work place that prevent them from progress, some company's really think that women don't need equal pay because they are not the head of the house hold and their husbands paycheck should do the job. Other business corporations believe that women can not committed to a job because they are the primary caregiver of their children which causes companies to lose money every time there is an emergency. "The paradox is that the world of rigid and hierarchical sex roles

“According to the Center for American Progress, women “are only 14.6 percent of executive officers, 8.1 percent of top earners, and 4.6 percent of Fortune 500 CEOs.” And even though they comprise the majority of the labor force in the financial services and healthcare industries, not a single woman in these fields is head honcho of her company“(Hawaii Free Press, page 1). Women have less authoritative power when it comes to the employment field. More women than men are employed in the labor force, yet majority of the most powerful employers are men. This gender gap seems to be more than just a coincidence. This is one of the results of sexism in the America. Gender gaps in the job market are not the biggest problem of sexism because violence against women still lingers around the United

Currently, women hold only 4.8% of CEO positions, which makes women limited to a choice of jobs. Women are so underrated, even though they can do so much more. These women have never gotten a chance to prove how hard they can work and how much work they can do for a company. Women work the same jobs, the same time, and do the same amount of work, but yet there is still a gender wage gap. Many CEO’s pay women less, acknowledging that women are not hard workers and men work harder.

After looking through the television guide I was stunned! Finding an overload of male sports, a channel dedicated to horse racing, and somewhere in amongst that, one single female netball game. When horses are getting more coverage than women clearly there is either an issue or a glitch. It cannot possibly be right!

Throughout history females have often times not been treated fairly compared to their male counterparts. The gender wage gap has been a real and prevalent thing in our society. Even in the present, women are inclined to get lower salaries than men throughout the world, and most importantly the United States where the constitution says “all men are created equal.” All salaries are on a weekly basis and percentages are cents a woman earns per dollar a man earns. Although, there is much we can do as individuals to stop discrimination in the work force. The United States’ wage gap is caused by discrimination against women, who have less opportunities for higher paying jobs, and in order to eradicate this issue in our country and worldwide, women need to be treated impartially in the workforce.

Throughout history females have never been treated fairly compared to their male counterparts. The gender wage gap has been a real and prevalent thing in our society. Even in the present, women are inclined to get lower salaries than men throughout the world, and most importantly the United States where the constitution says “all men are created equal.” All salaries are on a weekly basis and percentages are cents a woman earns per dollar a man earns. Though many are currently working to fix the situation, there is much we can do as individuals to stop discrimination in the work force. The United States’ wage gap is caused by discrimination against women, who have less opportunities for higher paying jobs, and in order to eradicate this issue in our country and worldwide, women need to be treated impartially in the workforce.

The pay gap between males and females has been a topic that has been heavily debated for years. To every story, there are two sides, but to this one, in particular it’s obvious as to which one is morally correct. When examining each individual fact it is clear to see that gender discrimination against women in the workplace is wrong.

The gender pay gap is not just a US issue, it is a concern worldwide. A United Nations report from April of 2015 found that women were paid a quarter less than men globally, and called for all governments to take action to narrow the gap. The White House Council of Economic Advisers recently called the gender pay gap a “stubborn troubling fact” despite women’s gains over the

Women are valuable and would fail to understand their worth with the issue of unequal pay. Women have limited opportunities in the workforce and this can cause the disconnect in the pay gap. Men generally get the higher paying positions, thus widening the gender wage gap. Women shouldn’t feel obligated to give up their opportunities because they aren’t physically able to qualify to the rules of the labor force. In order to resolve this issue, we need to equalize the opportunities women and men obtain because the “powerful positions for women are limited, women’s and men's work may be similar in practice, although their job titles-and their wages differ” (Hultin and Szulkin 145). If there are higher positions available to workers, women should be able to get them.

Women in the workforce still face issues regarding gender wage gap (Equal Pay Day: Are Women Surging or Stalling?, 2018). Even though there has been progress surrounding awareness of these issues, the wage gap between women and men is still very prevalent. Here in the United States, we have enacted a law called the Equal Pay Act that requires employers to pay man and women same wage for the same work (CARD, CARDOSO & KLINE, 2016). Beyond the Equal Pay Act, employers are prohibited from practicing discrimination on the basis of gender. If an organization overall pay their employees higher salaries relative to other organization then salaries for women tend to be more equitable. Organizational practices are also changing. Some organizations

Throughout, my interviewee time working at Toronto-Dominion Bank, she never had encountered economic inequality. Ordinary, in other workplaces, individuals struggle with gender discrimination, classifying women as submissive and weak. Consequently, gender inequity has primarily impacted women in many industries including legal, social, cultural, and professional landscapes. Provided that, women are human beings, just like men, and are entitled to all the same rights, responsibilities, and

In conclusion it has been proven that inequality still exists within companies. If women want to be paid based off their skills and not their gender, they need to become aware of the fact that this problem is still around and fight to get rid of it. Carol Hymowitz’s article reflects on the need to make a change in businesses around the world to offer diversity and equality. The change has to start with women coming together and taking a stand against discrimination. With constant change and growth within our country, there is no reason

“The wage gap has narrowed by more than one-third since 1960”(Hegewisch, 2010) and “the share of companies with female CEOs increased more than six-fold” (Warner, 2014) since 1997. As well as the truth that men and women’s earnings differ for many other reasons besides the presence of sexism. “Discrimination in labor market, in education/retiring programs, unequal societal norms at home and the constrained decisions men and women make about work and home issues” (Hegewisch, 2010) are also factors that can contribute to the unequal treatment of man and women in the workplace. Yet even with most of these variables removed women are still being paid less than men, sexually harassed in the workplace and hold very little managerial positions.