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Gender Pay Gap

Decent Essays

1. INTRODUCTION
Women are underrepresented at every tier of corporations today, especially in senior positions. Even though there is growing unanimity among top managers believing that gender diversity is a social and a business imperative yet progress is painfully slow. A mere 51 of the Fortune 1000 companies were run by women in 2014. It is estimated that gender pay gap is so big that at the present rate it will take 75 years to bridge this gap. To top it off, research shows that women CEOs have a greater possibility to fired than their male counterpart with women being forced out of their positions a third of the time and men only a quarter of the time.
In the past 30 years the number of women pursuing technology and engineering related …show more content…

According to McKinsey and Company European firms with the highest proportion of women in power saw their stock climb by 64 percent over two years, compared with an average of 47 percent in the year 2007. A study in Pepperdine University showed that profits at Fortune 500 firms that promoted women most were 34 percent higher than industry average when calculated in percent of revenues. And that’s not all; workplaces with women in top position have better relationships between managers and employees and are more democratic in their decision-making.
Sadly, the disparity still looms large but there are some exceptional women working against all odds inspiring us and making a …show more content…

Performance based layoffs were unheard off. When faced with disaster she did not form a committee or layout a 10-point plan, she instead decided to lead by example and make decisions in a different fashion than in the history of GM. Barra fired 15 executives who were responsible for the fault, restructured GM’s dispute practice and created a program “Speaking Up for Safety” that allowed employees to act as internal whistle blowers. She never shied from accepting and apologizing for the misdeeds that she was discharged from. Barra was praised for her remorseful and transparent answers during her Congressional hearings. Senator Barbara Boxer was quoted “God bless you, and you’re doing a good

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