Equal Pay Day: Remember to Wear Red!
Originated by the National Committee on Pay Equity (NCPE) in 1996, Equal Pay Day is a public awareness event illustrating the gap between men’s and women’s wages.
This year, Equal Pay Day is April 20. The date symbolizes how far into 2010 women must work to earn what men earned in 2009. That equates to women earning roughly 78 cents for every dollar earned by a male counterpart, based on the latest Census statistics.
Women are asked to wear red on Equal Pay Day to symbolize how far women are “in the red” when it comes to pay.
When factoring in things such as pensions and other benefits, the disparity costs some major bucks. The average American woman and her family stand to loose out on an estimated $700,000 to $2 million over a working lifetime, according to the NCPE.
And it’s not just low-wage jobs we are talking about here. Just a year out of college, full-time women already earn less than male colleagues, even when they work in the same field, according to an American Association of University Women Educational Foundation study, Behind the Pay Gap. Ten years later, the gap only widens.
How to Get Even?
NCPE recommends a number of books:
- A Women’s Guide to Successful Negotiation: How to Convince, Collaborate & Create Your Way to Agreement
- The Shadow Negotiation: How Women Can Master the Hidden Agendas that Determine Bargaining Success
- Get Paid What You’re Worth: The Expert Negotiator’s Guide to Salary and Compensation
- Are You Paid What You’re Worth? The Complete Guide to Calculating and Negotiating the Salary, Benefits, Bonus and Raise You Deserve
- The Smart Women’s Guide to Interviewing and Salary Negotiation
More Help for Better Pay
The NCPE shares a number of tips including a salary trend calculator, a guide on creating workshop groups to improve negotiation skills, and career and wage data links.
Women business owners are encouraged to complete NCPE’s self-audit on recruiting and pay practices.
In Your Shoes would also like to help. Do you have any great negotiation tips or salary stories you’d like to share?
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