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Industry Facts
In 1998, 30% of wives earned more than their husbands (US Dept of Labor, 1999).
36% of men received a promotion ‘95-97', compared to 24% of women.
In 1997, companies with women at the top averaged sales growth of 22.9% compared to an average of 13% in companies with men at the top.
More than 1,000 managers and executives from AMA-member companies were asked to submit profiles of their senior management teams and report on their organizations' recent performance.
Performance was measured in terms of sales, market share, shareholder value, profitability, and productivity.
Firms with a majority of women on the senior management team experienced a 22.9% increase in sales, compared to only a 12.6% increase for male-only teams.
Organizations with some women on the management team experienced a 5.6% increase in market share, compared with only 2.6% for teams with no women.
Similarly, 66% of firms with some women in their leadership reported an increase in net operating profits, while only 59% of male-only led firms did.
Women are less likely to receive additional compensation in forms other than salary, such as performance bonuses, incentives, stock options, and profit sharing.
This discrepancy holds true even within the same compensation ranges. Men on average receive 85% of their compensation in salary, 15% in other forms of compensation. Women receive 91% in base salary, 9% in other forms of compensation.
Women's overall earning suffered due to less additional compensation. Men's average base compensation was $93,947, and women's average base compensation was $65,418.
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