Top tips to closing the gender-based pay gap

by IHeartPR | Mar 26, 2020 | General

Earlier this month, the world celebrated the achievements of women, raised awareness against bias, challenged stereotypes and took action for equality in celebration of International Women’s Day. This year’s theme, #EachforEqual, is drawn from a notion that collective action and shared responsibility is key to driving a gender equal world.

According to Casey Rousseau from 1st for Women Insurance, it is this collective action that is needed to bridge the unequal divide between what women and men are paid, especially in South Africa. “The International Labour Organisation’s (ILO) 2018/19 Global Wage Report stated that in South Africa, women continue to be paid 28% less than men. What was also alarming is that South Africa has the world’s highest pay inequality overall. So while women are breaking more boundaries than before, they continue to be underpaid – and being a mother means you get paid even less,” she said.

Rousseau cited recent ILO research on the “gap” which sees mothers earning less than women without children. In South Africa, the gap is estimated to be 1%. On the other hand, fatherhood is associated with a pay increase. A survey conducted by CareerJunction revealed that almost 60% of men feel that South Africa still has a long way to go until we reach gender equality. Women’s feelings on this are much stronger at 72%. While 39% of women said that their gender has affected them negatively in the workplace, this is only true for 17% of men.

“Unless the present trajectory is changed and unless policy choices are made that put gender equality at their core, the situation is likely to deteriorate as work becomes more fragmented and the future remains uncertain,” says Vic Van Vuuren, the director of Enterprises at the ILO. With this in mind, 1st for Women Insurance and CareerJunction are encouraging women to recognise and attain their worth:

Knowledge is power

Pay transparency is key. Do the necessary research to ensure that what you are being paid is aligned to your market value. There are many websites to help you estimate this accurately.

Make the case

If you feel you’re deserving of more, prepare a case to present to the decision makers.

Keep a record of your achievements

From the first day in a new job, note down your accomplishments and successes. This will serve as a powerful tool to help you negotiate a raise.

Can you quantify your contribution?

Your strongest argument will be made with facts: numbers-based evidence of how your work has improved the company’s financial position. If you can make an evidenced-based argument that the decision makers are better off with you and that you are worth the extra money, it will be hard for them to say no.

How much will it cost to replace you?

Part of knowing your worth is knowing how much it would cost to replace you. If you have been with a company for a period of time and have performed and added value to that company, and you think you are not getting what you are worth, then it may be time to assess your worth in more detail. One fool-proof way of doing it is to apply for another position with increased benefits, and be determined to leave if you don’t get what you believe you should. It is a very strong position from which to enter negotiations and in some cases will be the necessary wake-up call to your company for how much they stand to lose.

Don’t make it personal

If you personalise the issue too much and confuse it with your own estimations of self-worth, you run the risk of saying things that might affect your relationship negatively with your employers. The reality is that if you are worth what you think you are, you may land employment elsewhere where you are paid your worth if your current company refuses to.

Timing is key

It is human nature to be more open to requests when things are going well, so think about your timing. A good time would be, for example, just after you’ve won a new contract for the company or just after you have been instrumental in helping a deal come together under time pressure.

Prepare well. Know your worth, but be realistic about it too.

Be calm and open to offers, but persistent in looking for what you deserve.

“Ultimately, it’s imperative that South African women know their worth and if they are not getting paid the same amount, for the same role as their male counterpart, speak up. The more open we are in terms of addressing the challenges and limitations, the more we can work together to find the appropriate solutions,” concludes Rousseau.

Provided by IHeartPR on behalf of 1st for Women Insurance

WHAT WOMEN REALLY WANT

by IHeartPR | Jun 13, 2019 | General

WHILE South African women are making inroads into shattering glass ceilings, shedding stereotypes and juggling various roles with deftness, there’s still a lot more that they want to achieve.

Senior marketing manager at 1st for Women Casey Rousseau said: “According to a survey conducted by 1st for Women, 67% of South African women want to pray more, 47% want to do more exercise and 46% want to register for a course online or at college. Safety was also a big priority for South African women with 44% of participants noting that they want to ensure that their family is safe and 33% saying they want to increase the security at their home.” Improving their finances was rated 14 out of a possible 56 goals and to be debt free was listed at 22. Having said that, younger women who do not have children are more focused on improving their financial status and habits, according to the survey.

The majority of women’s main goals are also the ones they feel they cannot get started on with financial restrictions and not having enough time being the strongest barriers. Overall, not achieving their goals makes women feel disappointed, anxious, worried and frustrated. Rousseau said: “Our research found that women are expected to perform at their peak in every aspect of their lives, all the time. This constant pressure sometimes clouds women’s awareness of their own competence and abilities, despite the incredible impact that they have on others. With this in mind, it is important for women to realise that despite obstacles that stand in their way, they’ve got this.”

Some tips to help women achieve their goals:

• Visualise
  In a survey conducted by Leadership IQ, it was found that men are better at visualising their goals than women. With this in mind, women are encouraged to create a mental picture of what their life would be like once their goal is accomplished. As the saying goes, we need to see it in order to achieve it.
• Start now
  The same survey found that women are more likely to procrastinate than men. To avoid procrastinating, women are advised to write down a list of all the tasks they need to accomplish – both the short-term and long-term goals. Having this record will help when planning the various actions needed to achieve the goals.
• Proactive saving
  About 43% of the women said their goal was to travel more, 39% wanted to learn a new skill and 36% wanted to go out more. While financial constraints are an issue, the solution is simple – start saving, even small amounts go a long way.
• Good company
  A new survey by Lean Cuisine and New York University psychology professor, Emily Balcetis, found that 89% of women set more ambitious goals in the presence of other women they admire. So, get a coach, a mentor or a friend to keep you and your goals on track.

“Ultimately, if you proactively make a target-driven to-do list with specific mini-goals and definite timelines, stick to it religiously and achieve a goal, you feel more confident. Confidence is the foundation of success,” Rousseau concluded.

Provided by IHeartPR on behalf of 1st for Women.