Equality in pay rights has been a topic of debate and fierce discussions for the longest time in the corporate world. Even though women executives have proven their competence time and again, their efforts, however, have always been seen as a notch lower than those of the opposite gender. The presence of women in boardrooms is a rare sight and just a handful of companies can claim to have women in positions of top leadership. But a lot is changing and for the better. Trends tell us that women are being seen as the best fit for top positions across verticals and have consistently surpassed a lot of their male colleagues.
According to Bloomberg Pay Index a ranking of the 200 best-paid executives, Safra Catz has been named as the highest paid female employee in the US. As the co-chief executive officer at Oracle Corp, Catz looks after finance, manufacturing, and legal work.
Ruth Porat holds the second position and is currently serving as the Chief Financial Officer at Alphabet Inc. Mary Barra who is the first female executive to hold a position of top leadership at General Motors Co. has been placed at the third position. She was responsible for product development at GM before she assumed her role as the CEO in 2014.
There are few women in the C-Suite, but once they are there, their pay is the same as or maybe more than the men. However, the question still remains - how to get more women in the workforce and especially in the board rooms.
By Anjini Bist