As we covered last week, we’re pretty excited about our series of articles on proprietary salary data collected by our sister publication, Total Retail. The first annual Salary Benchmark Report features salary data from Total Retail’s audience of retail executives from organizations of all sizes and product verticals. The data was analyzed based upon a number of variables, including gender, age, experience, title, education level, company size (measured by annual revenue), retail vertical and geographic region. In addition to data collected on salaries, the report also examined retail executives’ benefits packages (financial and non-financial), career growth opportunities at their current companies, and views on how fairly they’re being compensated.
As we mentioned last week, we’ll be bringing you, our loyal Inner Circle subscribers, data broken down by gender in the next several issues. This week, we feature a chart that analyzes financial benefits received by gender.
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The article and chart from the survey that we feature here discusses whether financial benefits received differ between the two genders. What did we learn? As this chart shows, there isn’t a real disparity between the financial benefits women receive vs. what men receive. In fact, women respondents to the survey are more likely than men to receive a company-matched 401k (52 percent vs. 48 percent) and stock options (54 percent vs. 46 percent). The real outlier here is pension plans. Sixty-five percent of male respondents report being eligible to receive a pension from their employer, compared to just 35 percent for women.
Ideally, we’d like to see these numbers 50/50 across the board. More work needs to be done by employers to ensure that women are compensated on the same level as their male counterparts, but progress is being made.
Total Retail’s Salary Benchmark Report was produced under the direction of Nathan Safran, director of research at NAPCO Media, parent company of Total Retail and the Women in Retail Leadership Circle. You can download it here. We hope you do!