1. Money
Susan M. Heathfield

Leaving Money on the Table?

By June 10, 2011

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The ten highest paying jobs for women caught my attention recently. Reporting at Forbes.com, Jenna Goudreau says that Human Resources, a field in which two out of every three employees are women, pays the eighth best salaries. Women Human Resources Managers' median earnings were $59,124 per year which is just 67.9% of what their male counterparts make.

Based on a U.S. Department of Labor Women's Bureau 2008 analysis, women make about 80% of what men make across occupations. What other jobs made the best paid list for women? Pharmacist, computer engineer, computer science and system analyst, physician, management analyst, lawyer, chief executive, and more. Women need to stay out of female-dominated professions like administrative assistant and elementary teaching if a woman wants to make money.

Yes, I know that many women value non-monetary items such as flexible work schedules. I also recognize that women tend to move in and out of the workforce for family-related reasons.

What's obvious here, even when you take these kinds of issues into consideration, is that women are paid less than their male counterparts - shockingly so in Human Resources.

What Women Can Do to Make More Money

And, it's time to do something about it. Who but you is better prepared to understand the job market and know what others in the field are making? Take time to do your homework. Make your job measurable and make where you spend your time matter to your company's business success.

Both women and men need to stay relevant and up-to-date in the workplace. Make your success visible.

Come to meetings with recommendations and a plan. Speak up for yourself and prepare to negotiate, negotiate, negotiate. Ask. Prepare to ask for more money, and ask.

And, no, with that discrepancy, 4% isn't going to cut it. Are you riled yet? Here's the best advice for women I have on the site.

Image Copyright Peter Chen

How Women Can Make More Money

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Comments
July 12, 2009 at 8:08 pm
(1) Colleen says:

I’d suggest that we look at the size of companies when analyzing pay differences. I’ve worked for fortune 500 companies and now work in a small company(600+ employees). When working in a larger corporation the difference in pay existed, but not at the same degree as in smaller organizations.

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