Last month the National Bureau of Economic Research released results of its recent research that indicates more women receive raises than their male counter parts, largely because women are more likely than men to haggle and negotiate salary when there is an opportunity to do so. This fact in and of itself is great news – women are taking charge of their careers and sitting down with employers to have “difficult” conversations. TribeHR decided to delve deeper and create the TribeHR Pay Raise Index – TribeHR concurs with the NBER’s data and found that women receive more pay raises than men - 7.4 percent compared to 6.2 percent.
What these recent figures do not explain, though, is that, despite these efforts, women as a whole are still earning less money than their male counterparts. Although women seem to receive more raises, men who receive raises are rewarded with higher pay. According to TribeHR’s research, when reviewing pay raises of 5 percent or greater, 60 percent of these raises went to men while only 38 percent went to women; men were three times more likely than women to receive a raise over 25 percent. This data, coupled with findings from the National Association of Women Lawyers’ 2012 Survey
that women attorneys typically earn only 89 percent of what their male counterparts earn and account for 70 percent of staff attorneys in the nation’s 200 largest firms, undoubtedly contributes to women unnecessarily fleeing the legal profession altogether.
Wondering how to take control of your salary and career? Consider attending the 2013 Women in the Law Seminar
– in addition to practice-related topics, The Careerist Vivia J. Chen
will present a session entitled “The Careerist’s Top Ten Tips to Advance Your Career” and offer practical advice on what drives success in the legal field based on her own experience as a practicing lawyer. Caroline Turner
from DifferenceWORKS LLC
will further empower attendees with a session on enacting gender initiatives within firms and corporations. And nothing compares to networking with fellow women practitioners facing the same professional challenges, brainstorming how to navigate around these statistical detours while continuing on the path to success. Hope to see you in Miami, Florida, March 13-15, 2013!