, acknowledge what you find, and then take responsibility to do something about it. It is so important for leaders to detach ourselves from the shame and pain. “Oftentimes companies are so worried about the immediate reaction of discovering and unpacking that disastrous pay gap, that they're afraid to even look. ~Maria Morukian, President of MSM Global ConsultingĬrunch The Numbers And Do The Right Thing It seems absolutely ludicrous for anyone to say, ‘Oh, we don't need to focus on. If we think about the trajectory of the future, and what's going to set the highest organizations apart in terms of not only financial benefit, but also in terms of top talent and sustainability, the numbers speak for themselves.

“From an organizational standpoint, there's research that shows organizations with higher numbers of women in executive positions financially outperform their counterparts. I spoke to a number of women leaders to talk about the pandemic’s impact on gender equality, and what needs to happen to close the gap. economy, according to a McKinsey Global Institute report. This is not only a social issue, but also an economic issue: Closing the wage gap could add $2.1 trillion to the U.S. Native American women are paid 60 centsĪt the rate we’re going, it will take more than 250 years to close the wage gap, according to the World Economic Forum’s Global Gender Gap Report.Mothers are paid 70 cents for every dollar paid to fathers.

Asian American and Pacific Islander women make 85 cents.

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