Research: How to Close the Gender Gap in Startup Financing (2024)

FAQs

What is the best way to close the gender pay gap? ›

Enact salary range transparency laws: An increasing number of states have passed salary range transparency laws to help level the playing field in negotiations and reduce gender gaps in hiring wages. It is paramount that more states take this step to help achieve better pay outcomes.

Increasing women's access to education has been shown to increase women's labor force participation rates; delay marriage and having children; and leaves women less vulnerable to violence.

Some of the ways that business can reduce the gender pay gap include: conducting an audit to understand the size of the gender pay gap. reporting the findings to management and employees. setting KPIs for leadership to reduce the gender pay gap.

One of the causes for gender inequality within employment is the division of jobs. In most societies, there's an inherent belief that men are simply better equipped to handle certain jobs. Most of the time, those are the jobs that pay the best. This discrimination results in lower income for women.

The gender pay gap is the result of many factors, including race and ethnicity, disability, access to education and age. As a result, different groups of women experience very different gaps in pay. The gender pay gap is a complex issue that will require robust and inclusive solutions.

The EQUAL-SALARY Foundation is an independent not-for-profit organization whose objective is to promote equal pay for work of equal value for women and men.

Gender-based violence occurs everywhere around the world across all economic and social groups. While both boys and girls are negatively impacted, girls are particularly at risk. An estimated 1 in 3 women globally have experienced physical or sexual violence in their lifetime, mostly at the hands of their partners.

How to solve gender equality? ›

The Udaiti Foundation launches “Close the Gender Gap (CGG)” Initiative to Lead a Shift in Gender Equality and Promote Inclusive Workplace Policies.

The Closing the Gender Gap project aims to create global and national public-private collaboration platforms to address current gender gaps and reshape gender parity for the future, and it does so in three ways.

In order to achieve this pay equity, we must: Enhance equal pay protections, including passing the Paycheck Fairness Act and requiring salary transparency. Raise the wage for all workers by passing the Raise the Wage Act and eliminate subminimum wages that disproportionately trap women in poverty.

Analysing information about pay and bonuses can help you work out if certain types of pay are affecting your gender pay gap. You work out the percentage of men and women receiving bonuses as part of your gender pay gap calculations. Look at whether men and women doing comparable work get the same: overtime.

Efforts to close the gender pay gap in sports are ongoing, but there is still work to be done. By increasing awareness, implementing supportive policies, securing sponsorships, promoting media representation, and garnering fan support, we can strive towards achieving greater gender equality in the sporting world.