News Feed Item
TriNet SMBeat Report Shows Salary Discrepancies Between Men and Women
|By PR Newswire
|August 13, 2014 09:01 AM EDT
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. 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 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.
- 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 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.
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.
Peak 10, Inc., has announced the implementation of IT service management, a business process alignment initiative based on the widely adopted Information Technology Infrastructure Library (ITIL) framework. The implementation of IT service management enhances Peak 10’s current service-minded approach to IT delivery by propelling the company to deliver higher levels of personalized and prompt service. The majority of Peak 10’s operations employees have been trained and certified in the ITIL frame...
May. 5, 2016 04:00 PM EDT Reads: 1,170
A critical component of any IoT project is the back-end systems that capture data from remote IoT devices and structure it in a way to answer useful questions. Traditional data warehouse and analytical systems are mature technologies that can be used to handle large data sets, but they are not well suited to many IoT-scale products and the need for real-time insights.
At Fuze, we have developed a backend platform as part of our mobility-oriented cloud service that uses Big Data-based approache...
May. 5, 2016 04:00 PM EDT Reads: 748
trust and privacy in their ecosystem. Assurance and protection of device identity, secure data encryption and authentication are the key security challenges organizations are trying to address when integrating IoT devices. This holds true for IoT applications in a wide range of industries, for example, healthcare, consumer devices, and manufacturing.
In his session at @ThingsExpo, Lancen LaChance, vice president of product management, IoT solutions at GlobalSign, will teach IoT developers how t...
May. 5, 2016 03:45 PM EDT Reads: 692
As the rapid adoption of containers continues, companies are finding that they lack the operational tools to understand the behavior of applications deployed in these containers, and how to identify issues in their application infrastructure.
For example, how are multiple containers within an application impacting each other’s performance? If an application’s service is degraded, which container is to blame? In the case of an application outage, what was the root cause of the outage?
May. 5, 2016 03:00 PM EDT Reads: 1,152
Digital payments using wearable devices such as smart watches, fitness trackers, and payment wristbands are an increasing area of focus for industry participants, and consumer acceptance from early trials and deployments has encouraged some of the biggest names in technology and banking to continue their push to drive growth in this nascent market. Wearable payment systems may utilize near field communication (NFC), radio frequency identification (RFID), or quick response (QR) codes and barcodes...
May. 5, 2016 02:45 PM EDT Reads: 1,054
SYS-CON Events announced today that CollabNet (www.collabnet.com) a global leader in enterprise software development and delivery solutions that help customers create high-quality applications at speed, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. The CEO of CollabNet Flint Brenton will also present about DevOps challenges in today’s global, open, and heterogeneous world of software development.
May. 5, 2016 02:39 PM EDT Reads: 215
Much of the value of DevOps comes from a (renewed) focus on measurement, sharing, and continuous feedback loops. In increasingly complex DevOps workflows and environments, and especially in larger, regulated, or more crystallized organizations, these core concepts become even more critical.
In his session at @DevOpsSummit at 18th Cloud Expo, Andi Mann, Chief Technology Advocate at Splunk, will show how, by focusing on 'metrics that matter,' you can provide objective, transparent, and meaningfu...
May. 5, 2016 02:30 PM EDT Reads: 1,197
SYS-CON Events announced today that Peak 10, Inc., a national IT infrastructure and cloud services provider, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY.
Peak 10 provides reliable, tailored data center and network services, cloud and managed services. Its solutions are designed to scale and adapt to customers’ changing business needs, enabling them to lower costs, improve performance and focus inter...
May. 5, 2016 02:30 PM EDT Reads: 1,478
We're entering the post-smartphone era, where wearable gadgets from watches and fitness bands to glasses and health aids will power the next technological revolution. With mass adoption of wearable devices comes a new data ecosystem that must be protected. Wearables open new pathways that facilitate the tracking, sharing and storing of consumers’ personal health, location and daily activity data. Consumers have some idea of the data these devices capture, but most don’t realize how revealing and...
May. 5, 2016 01:45 PM EDT Reads: 746
In the world of DevOps there are ‘known good practices’ – aka ‘patterns’ – and ‘known bad practices’ – aka ‘anti-patterns.' Many of these patterns and anti-patterns have been developed from real world experience, especially by the early adopters of DevOps theory; but many are more feasible in theory than in practice, especially for more recent entrants to the DevOps scene.
In this power panel at @DevOpsSummit at 18th Cloud Expo, moderated by DevOps Conference Chair Andi Mann, panelists will dis...
May. 5, 2016 01:30 PM EDT Reads: 1,127
The demand for organizations to expand their infrastructure to multiple IT environments like the cloud, on-premise, mobile, bring your own device (BYOD) and the Internet of Things (IoT) continues to grow. As this hybrid infrastructure increases, the challenge to monitor the security of these systems increases in volume and complexity.
In his session at 18th Cloud Expo, Stephen Coty, Chief Security Evangelist at Alert Logic, will show how properly configured and managed security architecture can...
May. 5, 2016 01:30 PM EDT Reads: 565
There is an ever-growing explosion of new devices that are connected to the Internet using “cloud” solutions. This rapid growth is creating a massive new demand for efficient access to data. And it’s not just about connecting to that data anymore.
This new demand is bringing new issues and challenges and it is important for companies to scale for the coming growth. And with that scaling comes the need for greater security, gathering and data analysis, storage, connectivity and, of course, the...
May. 5, 2016 12:30 PM EDT Reads: 1,309
The IETF draft standard for M2M certificates is a security solution specifically designed for the demanding needs of IoT/M2M applications.
In his session at @ThingsExpo, Brian Romansky, VP of Strategic Technology at TrustPoint Innovation, will explain how M2M certificates can efficiently enable confidentiality, integrity, and authenticity on highly constrained devices.
May. 5, 2016 12:30 PM EDT Reads: 1,347
SYS-CON Events announced today the Docker Meets Kubernetes – Intro into the Kubernetes World, being held June 9, 2016, in conjunction with 18th Cloud Expo | @ThingsExpo, at the Javits Center in New York, NY.
Register for 'Docker Meets Kubernetes Workshop' Here!
This workshop led by Sebastian Scheele, co-founder of Loodse, introduces participants to Kubernetes (container orchestration). Through a combination of instructor-led presentations, demonstrations, and hands-on labs, participants learn ...
May. 5, 2016 12:00 PM EDT Reads: 505
See storage differently! Storage performance problems have only gotten worse and harder to solve as applications have become largely virtualized and moved to a cloud-based infrastructure. Storage performance in a virtualized environment is not just about IOPS, it is about how well that potential performance is guaranteed to individual VMs for these apps as the number of VMs keep going up real time.
In his session at 18th Cloud Expo, Dhiraj Sehgal, in product and marketing at Tintri, will discu...
May. 5, 2016 11:15 AM EDT Reads: 1,151