According to The Global Gender Gap Report 2016 by the World Economic Forum, there remains a wide gap between women and men in economic participation and opportunity. When we look at the overall Global Gender Gap Index, Canada was ranked #35, while the United States was only #45. The U.S. ranking dropped due to the decrease in economic participation and opportunity score, with a sizeable gap in estimated earned income.
The Global Gender Gap Report notes the positive effect of increasing gender parity on economic growth – “Making full use of women’s capabilities paves the way to optimizing a nation’s human capital potential.” (p. 27)
In the AgCareers.com Gender Roles and Equality in Agribusiness Survey, women were asked if they felt they would be given more advancement opportunities if they were male. The majority, 72% felt they would be. So, are women content where they are at or do they want to pursue advancement?
Our research shows that women are looking for advancement opportunities and aspire to move up within the ranks. A significantly higher percentage of women aspire to move up to a higher position one day. In contrast, a significantly higher percentage of men were content in the current role.
Our survey data also shows a difference between genders in terms of management and higher level roles. There was a significantly higher percentage of men in President/CEO roles, Director, and management positions. There was a significantly lower percentage of men than women in hourly, salaried staff and student/trainee/intern roles.
Nearly half of women felt they would be better compensated if they were male. Twenty percent of men felt they would be compensated lower if they were a woman. When we asked for compensation data from agricultural employees, responses indicated a disparity in pay between genders, with men typically earning more than women. There was a significantly higher percentage of men earning $70,000-plus. In contrast, there was a significantly lower percentage of men earning below $50,000.
How can you combat this gender wage gap? Are you paying enough? A good place to start is by benchmarking your compensation packages against a specific industry sector or the agribusiness industry as a whole. AgCareers.com Compensation Benchmark Review (CBR) can help employers develop competitive salary ranges and identify areas of improvement to help recruit and retain talent. Find out more about the CBR.