Source: San Francisco Chronicle
A UC Davis study published in November found that “pay among California female executives across all industries is improving,” reports the San Francisco Chronicle. In 2015-16, the disparity between median compensation for the highest-paid female and male executives shrunk to $200,000 down from $461,714 in the previous year.
The study’s analysts believe this reduction may be due to the increased influence of stock in compensation packages. Tying executive pay to company performance, they argue, has created a true merit-based earnings system.
Despite this improvement, obstacles to wage equality still remain. For instance, women are less likely than men to negotiate for higher salaries at the executive level and even advancing to the executive level as a woman remains fairly uncommon.
Read full story at: San Francisco Chronicle