Diversity Woman Magazine

SUM 2019

Leadership and Executive Development for women of all races, cultures and backgrounds

Issue link: https://diversitywoman.epubxp.com/i/1130254

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d i v e r s i t y w o m a n . c o m S u m m e r 2 0 1 9 D I V E R S I T Y W O M A N 15 Gender Gap Not Skipping the C-suite Among the findings: The pay gap even affects the boss. Breaking the glass ceiling won't ensure you a fair shake. Women CEOs ex- perienced the fifth-largest gender pay gap of all professions, with an average salary of $90,300 per year compared to $129,400 for men. Highly compensated women face a larger gap. Occupations that pay higher salaries tend to have the least parity. Among the occupations that have the highest wage gap: CEOs, physicians, and financial managers. Among the occupations with the smallest wage gap: receptionists, cashiers, and office clerks. Women get the short shrift in sales. Several sales-related positions dominate the list of 10 occupations with the largest pay gap, including financial services sales agents, real estate sales agents, and retail salespersons. If you're in sales, you may want to use your persuasion skills to go after a higher salary. Upfront > Etc. Stars Who Mean Business Kylie Jenner Youngest Social Media Billionaire T here is no shortage of stars within the Kardashian- Jenner clan, but in business, youngest sister Kylie Jenner may be the brightest star of them all. Earlier this year, Forbes pro- claimed Jenner the youngest self- made billionaire ever, at the age of 21. How did she get there? Kylie Cosmetics, the beauty brand she launched in 2016, reportedly made $360 mil- lion last year, and Forbes estimates that the company is now worth $900 million. en there is the money Jen- ner has made as a reality star on shows such as Life of Kylie and Keeping Up With the Kardashians, and through endorsement deals for brands such as Adidas. Much of the reason for her suc- cess is "the power of social media," she told Forbes. Jenner has more than 135 million followers on Instagram, 27 million followers on Twitter, and 22 million followers on Facebook. And she knows how to leverage them. She's the highest- paid Instagram star, commanding up to $1 million per sponsored Instagram post, according to Insta- gram scheduling company Hopper HQ's Instagram Rich List 2018, which tracks what social media influencers can make on the social network. If past behavior predicts future performance, Jenner likely has many business ventures ahead of her. Whatever comes next, it's a good bet that her social media fol- lowers will be along for the ride. STUDY: The more you make, the larger the disparity I t's bad enough that women earn less than men, but for women at the top, the gender wage gap gets worse. Financial technology company SmartAsset looked at data for 126 occupa- tions to find out which ones had the largest and smallest pay gaps. While the average woman makes 82 percent of what the average man makes, many professional women have a steeper hill to climb.

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