Clinton highlights ‘Pay Transparency’ agenda on her campaign trail
Thursday, September 1, 2016 12:06:33 PM

Marking Equal Pay Day, Hillary Clinton has highlighted the prevailing gender pay gap in the job market. She has said that in 2016, on average women have to work to earn as much as their male counterparts did in 2015. A recent Glassdoor report has stated that female professionals earn approximately 76 cents for each $1 that their male counterparts do. The outcome is that women who are setting off for a 40-year career path today is expected to earn $400,000 less than men. In a more specific way, women may have to work for about 51 years to earn what their male counterparts will do in only 40. No significant changes have been noticed to the pay gap since 2001. If no reform takes place soon, women would have less money to repay their student debt just like their predecessors. Clinton on her campaign trail has championed the cause of pay transparency to give women negotiating power and help managers spot flaws in the current system. Supporting Clinton, Robert Hohman, co-founder and CEO of Glassdoor, said, “A critical step to closing the gender pay gap is increasing transparency around pay to illuminate disparities and empower people and employers with information to spark important conversations.”

(Credit-Forbes)