Published on March 29, 2017 via Money Inc.
Every day at our company we price jobs throughout the world for our clients. We price jobs, not people. Our clients want to know how much a java developer will cost in Paris, or a biomed engineer will cost in Seattle, etc. They don’t care about gender, or race, or sexual preference… they want to know how much a qualified candidate will cost. The focus on gender pay equality has dominated salary and compensation headlines for years.
As a businessman, and the proud father of three successful daughters who are also professional businesswomen and one granddaughter, I am often surprised by the negative tone that surrounds this topic of conversation. At PeopleTicker we have a unique view on this topic, since this is what we do for a living. To say that women earn less than their male counterparts is a very general statement, especially considering that different jobs have different salaries.
“If you want to know where you are, first look at where you’ve been.”
If we look throughout history, men controlled the business world and women have had to work hard to convince doubters that they were capable. Clearly, everything has evolved and the workforce is no different. Women in the 1950s were the CEO of Family, Inc. This was a time when the gender expectations were clearly defined and those who did work tended to gravitate towards female-dominated fields such as nursing and waitressing. Airlines in the 1950s hired only female Stewardesses and Flight Attendants. Today, the male to female ratio is an equal split in this profession.
When we consider there has only been one generation of full-time female workers, the results are amazing. Today there are more female CEOs and senior executives than ever before in history. I believe that the newest generation currently entering the workforce will be the first to experience a 50/50 split between male and female workers. Consider the number of female doctors in the 1950s vs. today. In 1949 only 5.5% of new medical school entrants were women. In 1974, that number increased to 22.4%. Today women now make up 45.6% of new entrants to U.S. medical schools and are a majority in 36 schools.
Only in the past 50 years have women made their mark in the workplace. Over the course of the next 50 years, we’ll witness continuous advancement with a workforce of equal populations of men and women.
The world has experienced true cultural diversification all around. In the past 50 years, the LGBTQ community and minorities have achieved what was once unachievable. I am proud of the advancements society has made and expect to see incredible personal and professional growth as a result. Was it believable in the 1950s that the workforce of 2017 would include a diverse array of brain surgeons, pilots and astronauts. When history revisits what I’ve witnessed in my lifetime, and all of the adversity we’ve overcome, I expect they will applaud the strides taken to improve opportunities for ALL. Survival is a great agent of change and the next 50 years hold a lot of promise. Perhaps we will see the first female shortstop playing for the New York Yankees or as an NFL quarterback. It will happen because I believe the glass is half full. And for that, I say we celebrate and congratulate all that paved the way… truly impressive.
PeopleTicker is a powerful tool providing the world’s only truly neutral salary and hourly rate and benchmarking application, our software doesn’t identify gender, sex or race, only job skills. As the “blue book” for the labor industry, we price jobs, not people.
ABOUT THE AUTHOR
Joe MusacchioMore from this Author
While at nextSource, Joe was the founder and innovator of TAMS – the original vendor management software – a revolutionary product and service that was the first-of-its-kind for the acquisition and management of human capital. That success helped him discover the market’s demand for a tool which allowed procurement, human resources and recruitment professionals to gain critical visibility into real time wage data for candidates they wanted to hire and employees they needed to retain. Under Joe’s vision and leadership, he founded and launched PeopleTicker – a virtual and dynamic “people stock exchange” and the global standard for real-time labor market rate data and analytics. As the company’s CEO, he is responsible for day-to-day-operations, as well as leading the company’s product development and data strategy. With experience that spans over 30 years in the technology, procurement and staffing industries, Joe’s expertise spans sales and marketing, business and corporate development, product management, operations and venture capital financing.