Last year, the 198 female executives of companies included in the S&P 500 index earned approximately 18% percent less than their male counterparts. Even the top-earning women in the country may be getting caught under the “glass ceiling.”
There are various rationales for the disparity in pay between men and women executives. Some female executives claim to be less demanding with pay for fear, in part, of being stigmatized as too aggressive or self-centered. Dawn Lepore, the former chief executive officer at Drugstore.com, said, “When I think about the way I negotiated my package when I went to Drugstore.com, I thought ‘this is a great opportunity and rather than demand a lot upfront, I’m going to do a great job and then I’ll get rewarded.’ I didn’t want to be greedy, or viewed as out for myself. Maybe women are more collaborative.”
Another justification is lack of mentorship. Facebook Inc.’s chief operating officer, Sheryl Sandberg, has said that women’s lack of sponsors in their workplaces keeps them from asking for better assignments and raises.
Paying men more than women for the same job is illegal under federal and NY Law. If you believe you are being underpaid because of your gender or any other protected characteristic, please contact The Harman Firm, LLP