Welcome!

News Feed Item

TriNet SMBeat Report Shows Salary Discrepancies Between Men and Women

SAN LEANDRO, California, August 13, 2014 /PRNewswire/ --

July report reveals salary differences in the United States  

TriNet (NYSE: TNET), a leading cloud-based provider of HR services, today announced the findings of its July 2014 issue of TriNet SMBeat, a monthly analysis of small to medium-sized business (SMB) employment and human capital economic indicators. July's SMBeat features an analysis of specific gender trends in salaries and workforce composition across different industries in the United States. Among other findings, the report highlights that during the first quarter of 2014, women on average earned 83 cents for every dollar a man earned.

     (Photo: http://photos.prnewswire.com/prnh/20140813/135763 )

Over the past century, the United States has enacted legislation requiring workers to be paid equal amounts for equal work, regardless of gender and race. And just this year, President Obama signed a Presidential Memorandum instructing the Secretary of Labor to establish new regulations requiring federal contractors to disclose compensation data by race and sex to the Department of Labor. It is expected this data will enable the Department of Labor to encourage compliance with equal pay laws and target enforcement more effectively.[1] Despite these efforts, there is still a significant earnings gap between men and women in the United States.

Below are key findings of the July 2014 TriNet SMBeat Report. The data is sourced from TriNet's over 9,000 clients and more than 258,000 worksite employees in the U.S[2] and the Bureau of Labor Statistics:

  • On average, the annual salary in 2014 for workers across all industries in the United States was found to be $45,084 for men and $37,232 for women, amounting to an 83% salary gap.[3]
  • When looking at the variation across executive level employees, the median base salary gap was 85%. Men in these positions made median base salaries of $175,000 while women make $148,980. Though, men held 85% of these executive jobs.
  • For the financial services industry specifically, men earn median base salaries of $90,964, while women earned just $50,000. However, there was a more balanced ratio of men to women in this sector, with 57% men and 43% women. The financial services sector had the largest gender salary gap for executives, with women earning 69% of men's median base salary, or $175,000 compared to $120,000.
  • Breaking financial services salaries down by region, women earned 71% of what men earned in Los Angeles, $50,648 median base salary compared to $71,512 respectively. In New York and the San Francisco Bay area, the finance sector showed an even larger gap as women earned 62% of what men make.
  • In the tech sector, the median salary gap was 67%. Men earned a median $105,000 and women earned $70,000 in annual base salary. The tech sector executives had the most equitable base salary across all verticals. Female tech executives earned $164,008 compared to $169,173 for men.
  • By region, New York was the most equitable of the major cities considered in the report, with women representing 33% of the workforce with a salary gap of 70%.
  • In the San Francisco Bay Area, women in tech earned higher median base salaries than women in the other cities, with average wages of $84,131.

In addition to the findings on the salary gap, below are the key findings on economic employment indicators across TriNet's clients[4] in July:

  • Net job growth overall moved to 2.11%, increasing from June's growth of 2.04%.
  • The technology sector saw 3.52% net growth, up from last month's growth of 3.24%. The Atlanta Metro Area led the tech sector with 5.89% net job growth, surpassing Los Angeles, New York, Denver-Boulder, Silicon Valley and Boston area.
  • The financial services sector has been steadily growing this year, but July's growth of 1.06% was slower than in previous months. The New York Metro Area led this vertical with 1.34% net job growth in July. The Dallas-Fort Worth and the Los Angeles Metro Areas also grew though not as strongly as New York, with 0.45% and 0.30%, respectively.

For additional details and to receive monthly SMBeat alerts, visit TriNet.com/smbeat.


For more information on TriNet, follow us on Twitter, LinkedIn, YouTube and Facebook.

About TriNet 

TriNet is a leading provider of a comprehensive human resources solution for small to medium-sized businesses, or SMBs. We enhance business productivity by enabling our clients to outsource their human resources, or HR, function to one strategic partner and allowing them to focus on operating and growing their core businesses. Our HR solution includes services such as payroll processing, human capital consulting, employment law compliance and employee benefits, including health insurance, retirement plans and workers compensation insurance. Our services are delivered by our expert team of HR professionals and enabled by our proprietary, cloud-based technology platform, which allows our clients and their employees to efficiently conduct their HR transactions anytime and anywhere. For more information, please visit http://www.trinet.com.

TriNet, Ambitions Realized and the TriNet logo are registered trademarks of TriNet. All other trademarks, service marks, registered trademarks, or registered service marks are the property of their respective owners. 

1. Fact Sheet: Expanding Opportunity for All: Ensuring Equal Pay for Women and Promoting the Women's Economic Agenda. The White House Office of the Press Secretary April 8, 2014.

2. As of June 30, 2014.  Data is sourced from full-time and salaried employees of TriNet's clients, which we refer to as worksite employees.  

3. The Bureau of Labor Statistics, "Economic News Release, Table 1: Median usual weekly earnings of full-time wage and salary workers by sex, quarterly averages, seasonally adjusted." July 24, 2014.

4. Data is sourced from full-time and salaried employees of TriNet's clients, which we refer to as worksite employees.  

Media Contacts:
Jock Breitwieser            
TriNet                    
[email protected]        
+1-(510)875-7250                

Michelle Sieling
Horn Group
[email protected]
+1-(415)905-4013

SOURCE TriNet

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
"ZeroStack is a startup in Silicon Valley. We're solving a very interesting problem around bringing public cloud convenience with private cloud control for enterprises and mid-size companies," explained Kamesh Pemmaraju, VP of Product Management at ZeroStack, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
In his session at 21st Cloud Expo, Carl J. Levine, Senior Technical Evangelist for NS1, will objectively discuss how DNS is used to solve Digital Transformation challenges in large SaaS applications, CDNs, AdTech platforms, and other demanding use cases. Carl J. Levine is the Senior Technical Evangelist for NS1. A veteran of the Internet Infrastructure space, he has over a decade of experience with startups, networking protocols and Internet infrastructure, combined with the unique ability to it...
"Codigm is based on the cloud and we are here to explore marketing opportunities in America. Our mission is to make an ecosystem of the SW environment that anyone can understand, learn, teach, and develop the SW on the cloud," explained Sung Tae Ryu, CEO of Codigm, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
High-velocity engineering teams are applying not only continuous delivery processes, but also lessons in experimentation from established leaders like Amazon, Netflix, and Facebook. These companies have made experimentation a foundation for their release processes, allowing them to try out major feature releases and redesigns within smaller groups before making them broadly available. In his session at 21st Cloud Expo, Brian Lucas, Senior Staff Engineer at Optimizely, discussed how by using ne...
"CA has been doing a lot of things in the area of DevOps. Now we have a complete set of tool sets in order to enable customers to go all the way from planning to development to testing down to release into the operations," explained Aruna Ravichandran, Vice President of Global Marketing and Strategy at CA Technologies, in this SYS-CON.tv interview at DevOps Summit at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
"There's plenty of bandwidth out there but it's never in the right place. So what Cedexis does is uses data to work out the best pathways to get data from the origin to the person who wants to get it," explained Simon Jones, Evangelist and Head of Marketing at Cedexis, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
"Cloud Academy is an enterprise training platform for the cloud, specifically public clouds. We offer guided learning experiences on AWS, Azure, Google Cloud and all the surrounding methodologies and technologies that you need to know and your teams need to know in order to leverage the full benefits of the cloud," explained Alex Brower, VP of Marketing at Cloud Academy, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clar...
Large industrial manufacturing organizations are adopting the agile principles of cloud software companies. The industrial manufacturing development process has not scaled over time. Now that design CAD teams are geographically distributed, centralizing their work is key. With large multi-gigabyte projects, outdated tools have stifled industrial team agility, time-to-market milestones, and impacted P&L stakeholders.
Gemini is Yahoo’s native and search advertising platform. To ensure the quality of a complex distributed system that spans multiple products and components and across various desktop websites and mobile app and web experiences – both Yahoo owned and operated and third-party syndication (supply), with complex interaction with more than a billion users and numerous advertisers globally (demand) – it becomes imperative to automate a set of end-to-end tests 24x7 to detect bugs and regression. In th...
Enterprises are moving to the cloud faster than most of us in security expected. CIOs are going from 0 to 100 in cloud adoption and leaving security teams in the dust. Once cloud is part of an enterprise stack, it’s unclear who has responsibility for the protection of applications, services, and data. When cloud breaches occur, whether active compromise or a publicly accessible database, the blame must fall on both service providers and users. In his session at 21st Cloud Expo, Ben Johnson, C...
Data scientists must access high-performance computing resources across a wide-area network. To achieve cloud-based HPC visualization, researchers must transfer datasets and visualization results efficiently. HPC clusters now compute GPU-accelerated visualization in the cloud cluster. To efficiently display results remotely, a high-performance, low-latency protocol transfers the display from the cluster to a remote desktop. Further, tools to easily mount remote datasets and efficiently transfer...
"Infoblox does DNS, DHCP and IP address management for not only enterprise networks but cloud networks as well. Customers are looking for a single platform that can extend not only in their private enterprise environment but private cloud, public cloud, tracking all the IP space and everything that is going on in that environment," explained Steve Salo, Principal Systems Engineer at Infoblox, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Conventio...
"Akvelon is a software development company and we also provide consultancy services to folks who are looking to scale or accelerate their engineering roadmaps," explained Jeremiah Mothersell, Marketing Manager at Akvelon, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
"MobiDev is a software development company and we do complex, custom software development for everybody from entrepreneurs to large enterprises," explained Alan Winters, U.S. Head of Business Development at MobiDev, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
Agile has finally jumped the technology shark, expanding outside the software world. Enterprises are now increasingly adopting Agile practices across their organizations in order to successfully navigate the disruptive waters that threaten to drown them. In our quest for establishing change as a core competency in our organizations, this business-centric notion of Agile is an essential component of Agile Digital Transformation. In the years since the publication of the Agile Manifesto, the conn...