There is no way around it: Money is an important resource.
Ireland’s gender pay gap is an accumulation of social norms, employment law and family planning which have a significant influence on individuals in employment, and the roles and responsibilities of employers.
” our tendency to sideline the past as impertinent to the present, only to rediscover how central it is, in understanding the driving forces of our world and harnessing them toward a better future.”
343 million Europeans have a woman’s signature on their official currency, the Euro €. While Christine Lagarde, as President of the European Central Bank, may inspire us to get more comfortable talking about money, “61% of women would rather talk about their own death…..” Sallie Krawcheck.
Sallie Krawcheck is one of a number of financial professional providing inspriation and practical support to move towards gender financial equality. The gender pay gap in Ireland continues to the historical imbalance of economic power. As co-Founder & CEO of Ellevest‘s research reveals that for women, money is a confidence booster.
Women want more financial planning and investment (Fidelity, 2015) but their discomfort with discussing money persists. The result has been a growth in support and education services especially tailored to women.
Resources To Dispel Discomfort With Money
Money – How Do You Feel When Asking For More? – the first few chapters of Suze Orman‘s book, Women & Money, provide an insightful exploration into the unpleasant sensations related to money. The later chapters focus on the US financial tax system and investments options and thus less relevant. It’s available through the Irish online library.
#ChooseToChallenge – International Women’s Day 2021 How to support colleagues who are being silenced verbally at work.
Each of us is responsible for our own thoughts and actions. It may not be easy, but we can ‘choose to challenge’ conversational inequality. Prepare a phrase to avoid brain freeze when faced with conversational inequalities.
Tell me what you want, what you really really want …
The wonderful lyrics of the Spice girls 1996 (yes, it’s that long ago) hit song. Sometimes knowing what we really want is a complex mix of work and life priorities, each challenging the other for pole position, and they are just the items that are in our awareness. Knowing where to invest your time, how to ask for what you want in negotiations (link to workshop) or next step in your career can require reflection and analysis of one’s current context.
SDG Target 5.5 states: “Ensure women’s full and effective participation and equal opportunities for leadership at all levels of decision-making in political, economic and public life”. Gendelity reviews Ireland’s approach to SDG 5.5 at local government level.
“What is the worst that can happen if you ask your colleagues what they are paid?”
Sharing salary information amongst colleagues is a critical way that women have uncovered unequal pay. Consider with whom you may be in a position to share information about both salary and benefits. Perhaps you, like Samatha Barry, can nurture a whisper network worth 10 thousand.
In every country in the world, the average working woman earns less than the average working man. Countries have different average incomes, and different gaps between female and male workers. Which countries have smaller income gaps between male and female? Within each country, what is the absolute amount of the gap between female & male? What is the percentage gap?
Despite being better educated overall, women aged 25-64, with a degree in Ireland earn 28% less than their male counterparts (OECD). In the 2019 workplace 39% of women report experiencing discrimination. 1/3 indicate the discrimination was gender-based (CSO 2019). Globally based on current trends, it will take 257 years to close the gender gap in economic opportunity (UN 2020).
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