Greater Londonderry Business and Professional Women (BPW) in Londonderry, NH will mobilize on Tuesday, April 9th, 2013 to call attention to the persistent and sizable gap between men’s and women’s wages. According to latest US Census Bureau on average, full-time working women earned 77 cents to every dollar earned by men. The gap is even worse for women of color. Over a lifetime of work this loss adds up, as women lose out on $9,575 per year and $434,000 in a lifetime due to the wage gap.
April 9 symbolizes the day when women’s wages catch up to men’s wages from the previous year. Every year in April, Business and Professional Women’s Foundation along with hundreds of other women’s, civil rights, labor, and community organizations come together for a national day of action promoting fair pay known as Equal Pay Day.
“The bottom line for women and businesses is that pay discrimination happens and steps need to be taken to remedy it. This persistent wage gap not only impacts the economic security of women and their families today; it also directly affects women’s retirement security down the road.” said Roslyn Ridgeway, Chair of BPW Foundation. We are campaigning for all local companies to follow a simple 10 step self audit process to examine and correct internal processes where imbalances may be.
The simple 10 step process involves: 1. Conduct a Recruitment Self-Audit; 2. Evaluate Your Compensation System for Internal Equity; 3. Evaluate Your Compensation System for Industry Competitiveness; 4. Conduct a New Job Evaluation System if Needed; 5. Examine Your Compensation System and Compare Job Grades or Scores; 6. Review Data for Personnel Entering Your Company; 7. Assess Opportunity for Employees to Win Commissions and Bonuses; 8. Assess How Raises are Awarded; 9. Evaluate Employee Training, Development and Promotion Opportunities; 10. Implement Changes Where Needed, Maintain Equity and Share Your Success. Detailed steps are available at http://www.pay-equity.org/cando-audit.html.
“Women and their families can no longer afford to be shortchanged. Greater Londonderry BPW is committed to working to eliminate the wage gap,” said Susan Hanna, President, Greater Londonderry BPW. “We encourage businesses to pay women fairly, push for laws that will enforce current equal pay legislation and educate women on how to negotiate for higher salaries.”
About Business and Professional Women’s Foundation
Business and Professional Women’s Foundation is creating successful workplaces by focusing on issues that impact women, families and employers. Successful Workplaces are those that embrace and practice diversity, equity and work life balance. BPW Foundation supports workforce development programs and workplace policies that recognize the diverse needs of working women, communities and businesses. BPW Foundation is a 501 (c) (3) research and education organization.