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The Real Reason Women Save Less For Retirement Than Men Is Too Typical

Posted By Julie McReynolds, Thursday, May 24, 2018
Updated: Wednesday, May 23, 2018


The Real Reason Women Save Less For Retirement Than Men Is Too Typical

By Annamarie Houlis

Some women save less than men on retirement, but a new study has looked at why that it is. The researchers explored the attitudes of women and men toward saving for retirement and found that more men identify saving for retirement a top priority, but it's not necessarily because women don't think it's important.

"Varying financial needs make it difficult for many men and women to build a retirement nest egg," Shane Bartling, senior consultant for Willis Towers Watson said in a prepared statement. "While our survey finds that women place a lower priority on saving for retirement than men do, we believe it’s a question of, 'Am I able to save for retirement?' rather than, 'Is it important to save for retirement?'"

The researchers surveyed 4,983 U.S. workers in July and August of 2017, and the results, compiled in the Willis Towers Watson 2017 Global Benefits Attitudes Survey, show that 60 percent of the men involved ranked saving for retirement as their top financial priority. In contrast, only 44 percent of the women surveyed said the same — that's because they had more pressing concerns, such as daily living costs (64 percent) and paying off debt (57 percent), even if they wanted to save for retirement first.

Daily living costs are perhaps more of a burden for more women than men, as women who work full time in the United States are still typically paid just 80 percent of what men are paid — that's a pay gap of 20 percent. And paying off debt is also a major concern for a lot of women, typically more so than for men, as student loan debt, for example, carries gendered implications. The gender pay gap, coupled with the fact that families save and spend more on sons’ educations than daughters’ educations, means that women with student loans tend to pay back their debts slower than their male counterparts.

Add to all that the fact that women have longer life expectancies than men, and that means that women usually have to save more than men, too.

One of the only commonalities that women and men share with regards to feelings on retirement is that they all have declining confidence in their retirement prospects. Fifty-seven percent still feel good about having enough financial resources to live comfortably for 15 years in retirement, but that number is down from 69 percent in 2015. Still just 39 percent of women are confident they’ll have enough resources to last 25 years into retirement, compared to 54 percent of men.

Interventions to ensure that women can make saving for retirement more of a priority might include further budgeting and debt management tools, and encouraging women toward higher default rates in their retirement plans, the researchers suggest.

But perhaps the issue is that we're always placing the burden on women to fix the burden they've already got on their shoulders. Might I add paying women fairly so they don't have to budget better or manage debt more than men, with which they're already tasked? 


AnnaMarie Houlis is a multimedia journalist and an adventure aficionado with a keen cultural curiosity and an affinity for solo travel. She's an editor by day and a travel blogger at by night.

This content was originally published by our partners at and can be found by going here.

Tags:  Finance  money  women 

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This Is What the Gender Pay Gap Looks Like Around the World

Posted By Julie McReynolds, Thursday, May 17, 2018
Updated: Wednesday, April 11, 2018

 This Is What the Gender Pay Gap Looks Like Around the World

By AnnaMarie Houlis

April 10 marked Equal Pay Day 2018, and women are still fighting the same battle they've been fighting for years.

In 2016, women who worked full time in the United States were typically paid just 80 percent of what men were paid — that's a pay gap of 20 percent. While the gap has gotten smaller since the 1970s as more women seek higher education and enter the workforce, the rate of change between 1960 and 2016 means that American women are still not expected to reach pay equity with men until 2059. In fact, the progress started slowing down in 2001 and has even somewhat stalled over the years — if it continues to lose momentum, women might not actually reach pay equity until 2119.

In 2017, the United States moved down four spots to no. 49 in its World Economic Forum (WEF) ranking compared to 2016. It recorded some improvement on the Economic Opportunity and Participation subindex—in particular due to a smaller gender gap on the wage equality for similar work indicator—but experienced a decline overall and has only closed nearly 72 percent of its total gender gap, a decrease of just two percent since 2015.

And it's not only women in the United States who aren't afforded the same salaries as their male counterparts. A 2017 report from the United Nations Population Fund, called The State of World Population 2017, found that no country was left untouched by sexism and discrimination when it came to women in the workplace. Women earn 23 percent less than men around the world, the study found. In fact, the average pay for women globally is $12,000, compared with $21,000 for men, which means that women around the world will not earn as much as men for 217 years, according to the WEF).

Gender equality is the fifth out of 17 sustainable development goals agreed upon by 193 countries under the 1994 Programme of Action, with the deadline of 2030. Closing the pay gap could add an extra $1,750 billion to the GDP of the United States, $250 billion to the GDP of Britain and $2.5 trillion to China's GDP. But there's a lot of work to be done.

Here's what the gender gap looks like around the world today in the top 10 countries thus far, according to the World Economic Forum's Global Gender Gap Report. Because even they have room for significant improvement.

1. Iceland

Countries should really be looking to Iceland, which has recently become the first country to make it illegal to pay men more than women. Iceland introduced the legislation on Jan. 1, which imposes fines on any company or government agency with over 25 staff members without a government certificate demonstrating pay inequality. The legislation didn't come as too much of a surprise: Iceland is the world's most gender-equal country, according to the WEF. It takes the top spot in the WEF report for the ninth year in a row, closing more than 87 percent of its overall gender gap. But, that said, Iceland dropped out of the global top 10 on Economic Participation and Opportunity due to a small increase of its gender gap in the number of women among legislators, senior officials and managers.

2. Norway

Norway took second place in 2017, closing more than 83 percent of its overall gender gap. It continues a multi-year steady improvement on its gender gap in the number of women among legislators, senior officials and managers, but 2017 saw slowing progress on its previous improvements in wage equality for similar work. It also recorded a slight decrease in the share of women in ministerial positions, moving down one spot on the Political Empowerment subindex to fourth, globally.

3. Finland

Finland took third place in 2017, closing more than 82 percent of its overall gender gap. But it dropped three spots on Political Empowerment, re-opening its previously fully-closed gender gap in the number of women in ministerial positions while narrowing its gender gap in the number of women in parliament. It has, however, fully closed its gender gap on Educational Attainment.

4. Rwanda

Rwanda has steadily closed 82 percent of its overall gender gap, mostly due to continued progress on its Economic Participation and Opportunity subindex score, on the back of improved parity in estimated earned income and, particularly, a significant narrowing of its gender gap in the number of women in ministerial positions. It's also the country with the highest share of female parliamentarians in the world (61 percent), so it advanced five spots on the Political Empowerment subindex, where it now ranks third globally.

5. Sweden

After continuously maintaining its overall Index ranking for eight years in a row, Sweden moved from fourth to fifth place in 2017. But the country has closed more than 81 percent of its overall gender gap, and it maintains a strong position on the Economic Participation and Opportunity subindex (thanks to progress on the wage equality for similar work indicator).

6. Nicaragua

Nicaragua saw a big increase in its overall Index score and rose four places, to sixth place in 2017. It's closed more than 81 percent of its overall gender gap and remains the best performer in the Latin America and the Caribbean region for the sixth year running. The latest rise is primarily because of its significant improvement in gender parity on the estimated earned income indicator, for which the country entered the top 10 for the first time.

7. Slovenia 

Slovenia moveed up a spot due to improvements on the Economic Participation and Opportunity subindex and increased parity in the number of legislators, senior officials and managers. And, with 80 percent of its overall gender gap closed, it remains the strongest performing country in Eastern Europe and Central Asia. It is also one of the fastest-improving countries in the world thus far.

8. Ireland

Ireland has closed 79 percent of its overall gender gap, it fully closed gender gap on Educational Attainment from last year, and it also sees an increase in gender parity in the number of legislators, senior officials and managers. But it has seen a decrease in gender parity in the number of women in ministerial positions.

9. New Zealand

New Zealand has maintained its position from 2016, and has closed 79 percent of its overall gender gap. The country rose four spots on the Political Empowerment subindex, with increased gender parity in ministerial positions and parliamentarians. But, that said, it is yet to fully re-close its Educational Attainment gender gap, which was re-opened last year for the first time since 2008.

10. The Philippines 

The Philippines has closed 79 pecent of its overall gender gap, but moved from the highest performer in the East Asia and the Pacific region to second place after New Zealand. That's largely because of its worsening performance on the wage equality for similar work indicator, dropping from seventh to 21st place.


This content was originally posted by our partners at and can be found by going here.

Tags:  Career  women  WomeninBusiness 

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Before You Forget, Women Are Not Granted Equal Rights under the Constitution

Posted By Julie McReynolds, Thursday, May 10, 2018
Updated: Wednesday, April 11, 2018


 Before You Forget, Women Are Not Granted Equal Rights under the Constitution

By AnnaMarie Houlis


2017 was quite a year, especially for women around the world (and universe). In retrospect, Peggy Whitson — the first woman to command the International Space Station — broke the U.S. record for the most cumulative days spent in orbit. A royal decree lifted the ban on women driving in Saudi Arabia. The voices of workplace sexual harassment victims across the U.S. were finally heard via campaigns like #MeToo and #TimesUp. And studies show that women have moved into more leadership roles across all industries, including the male-dominated Silicon Valley with companies as big as PayPal.

But there is so much more to be done. In particular: Women still need to be granted equality under the law within the U.S. Constitution. Because, yup, an Equal Rights Amendment (ERA) is still a thing.

Initially the ERA was supported by republicans very strongly and was even in the republican party platform. It was overwhelmingly passed in 1971 in both the U.S. House and the U.S. Senate. The proposed ban on discrimination based on sex read, “Equality of rights under the law shall not be denied or abridged by the United States or by any State on account of sex.”  

It had a deadline by which 38 states needed to ratify it. It was ratified in only 35 states by the deadline. And, thus, designated equality for women failed to become a Constitutional protection.

"Many people who followed the struggle over the ERA believed — rightly in my view — that the Amendment would have been ratified by 1975 or 1976 had it not been for Phyllis Schlafly's early and effective effort to organize potential opponents," political scientist, Jane J. Mansbridge wrote in her book Why We Lost the ERA.

In 1980, support for the ERA was removed from the republican party platform. Flash forward to 2018, and we still don't have equal rights for women spelled out in the Constitution.

Enter: The Human Campaign, "an effort to get the ERA passed and ratified by 2020 — the 100th anniversary of the 19th amendment, which gave women the right to vote." The campaign believes that, 100 years after women got the right to vote, it's about time that every protection that men enjoy in the Constitution be applied to women, as well.

"There are strong indications that those charged with interpreting the Constitution as it is written don't believe that women are protected," writes Katie Packer Beeson, who is behind the campaign. "Supreme Court Justice Ruth Bader Ginsberg recently indicated that 'We the People' meant something very different during our country's formative years than we expect it to mean today. She said, 'If there is one amendment to add to the Constitution, it would be the ERA. I'd like to tell my granddaughters that they live in a country where men and women are actually of equal stature.'"

Supreme Court Justice Antonin Scalia had also said in September 2010: "Certainly the Constitution does not require discrimination on the basis of sex. The only issue is whether it prohibits it. It doesn't."

While Ginsberg and Scalia didn't agree on much during their years on the Supreme Court, they'd always agreed that protection for women in the Constitution is not expressly provided. Today, activist and Actress Lina Esco, democratic operative Johanna Maska (President Obama's campaigns and White House), and republican operative Katie Packer Beeson (Mitt Romney's Deputy Campaign Manager) are behind the new campaign.

Their goals are simple: "Passing a Constitutional Amendment is designed to be difficult. It must have broad bipartisan support. The campaign won’t start in Hollywood or Washington. Instead it will start with uniting people across the U.S.," the campaign reads.

They will build a grassroots campaign employing the best of research, polling, infrastructure, and engagement, and unite unlikely parties engaging them in a discussion of equality. They'll use oxygen and momentum of #MeToo and Time Is Now, but collaborate with republicans and men to shift from the individual conversation to the institutional conversation — how we really bring about change for women. And they'll ratify the ERA by 2020, the 100 year anniversary of women’s right to vote. A new coalition, new tactics and a new outcome. The fiscal sponsor is Hopewell Fund, a 501c3, and all donations are tax deductible to the full extent of the law.

By 2020, the ERA should grant women equal rights in the Constitution because it's long overdue.


This content was originally published by our partners at and can be found by going here.

Tags:  genderequality  leadership  women  WomeninBusiness 

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The 1 Personality Trait Steve Jobs Always Looked for When Hiring

Posted By Julie McReynolds, Thursday, May 3, 2018
Updated: Wednesday, April 11, 2018


 The 1 Personality Trait Steve Jobs Always Looked for When Hiring

By Annamarie Houlis


Quartz at Work recently resurrected a video of a young Steve Jobs talking about the one quality for which he looked when hiring at Apple. That one quality was passion.

Jobs believed that, instead of managing employees on how to do their work, leadership should have a vision and be able to articulate that vision so everyone else can understand it and work towards the same goal. In fact, Jobs goes on to explain that great employees shouldn't need to be managed, anyway — they should be able to manage themselves, if they're passionate and driven. And a core group of great people becomes "self policing."

That's why he promtly fired two "professional" managers Apple hired from outside the company at one point.

"It didn't work at all," he says in the video that's now making the rounds on YouTube. "Most of them were bozos. They knew how to manage, but they didn't know how to do anything."

To replace them, Jobs hired Debi Coleman, who had been working in a different department. She was an inexperienced 32-year-old who had a English literature degree. In the video, she calls the move a "big risk" and says that no one else would have given her the opportunity. Flash forward a few years and, after working as the company's manufacturing chief, Coleman went on to become Apple's CFO by age 35. 

"We wanted people that were insanely great at what they did, but were not necessarily those seasoned professionals," he explains. "But who had at the tips of their fingers and in their passion the latest understanding of where technology was and what they could do with that technology."

Watch the full video below.


This content was originally published by our partners at and can be found by going here.

Tags:  Business  Career  job  leadership  WomeninBusiness 

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10 Things You Should Never Do On A Work Computer

Posted By Julie McReynolds, Thursday, April 26, 2018
Updated: Thursday, March 22, 2018


10 Things You Should Never Do On A Work Computer

By AnnaMarie Houlis

Work computers are for one thing: Work. And anything outside of work could jeopardize your career.

While you might assume that clearing the history log in your computer is enough to get rid of any evidence that you've been shopping, tweeting or searching for new jobs, IT departments are still able to monitor computer use.

"Any personal data or behavior done on any work device can and is collected by your employer," management expert Andrew Wittman told the Business Insider. "Be mindful of every search, click and email sent, as well as any personal data or behavior, including searches, shopping, social media, emails and websites visited."

To help you be mindful, we've curated this list of 10 things you should never do on your work computer.

1. DON’T: Save personal passwords.

According to the Society of Human Resource Management, many companies have a clause in their computer, email and internet use policy that makes storing personal passwords a potentially precarious move. It reads:

“E-mail and other electronic communications transmitted by [Company Name] equipment, systems and networks are not private or confidential, and they are the property of the company. Therefore, [Company Name] reserves the right to examine, monitor and regulate e-mail and other electronic communications, directories, files and all other content, including Internet use, transmitted by or stored in its technology systems, whether onsite or offsite.”

Most of us use our work devices for eight or more hours a day. Therefore, it’s so easy to click the button when prompted to "save password in keychain." But think twice before you do it, as it may be against policy.

2. DON’T: Whine, overshare, gossip or make off-color jokes on messaging software.

Chatrooms like SlackCampfire and Google Hangout are becoming increasingly handy for team collaboration, which also means that it’s easy to use them as though you were Facebook messaging a friend. But you most certainly shouldn't be.

Whine about your needy boss, your slacking coworkers or the broken coffee machine when you get home to your friends and family. Don't whine at work, especially via a messaging software from your computer. For one, your complaints will be in writing, which means they can be shared. For two, even if no one actually passes them along, your employer can still see what you're doing on your computer — and you don't want to be caught doing that. If you have an issue, perhaps it's something you need to take up with HR instead.

The same goes for oversharing and gossiping. While you don't need to be a closed book at work, you don't want to be the center of drama either. You will be viewed as unprofessional and rumors that you spread could hurt team productivity.

As for off-color jokes, you shouldn't be telling them in the workplace to begin with, but you definitely shouldn't be putting them in writing. Someone can share or find them, and you can and probably will get fired for certain things you say (read: sexist, racist or homophobic messages). 

3. DON’T: Access free public Wi-Fi.

A report on telecommuting in the United States from FlexJobs and Global Workplace Analytics, 2017 State of Telecommuting in the U.S. Employee Workforce, found that 3.9 million U.S. employees who make up 2.9 percent of the total U.S. workforce work remotely at least half of the time. For many of them, it can be tempting to log into free public Wi-Fi if they're working from somewhere like a coffee shop, an airport, a hotel or some place else.

But places that offer free Wi-Fi can open you up to fraud. Con artists set up fake networks that often look like the real thing but aren't, which means those networks are not secure. Because of that, you can accidentally be sharing your company's sensitive information stored on your computer with just about anyone. In fact, software technology company Check Point conducted a survey of over 700 IT professionals that revealed that nearly two-thirds of IT professionals believe recent high-profile breaches were caused by employee carelessness.

4. DON’T: Shop.

Maybe it's Cyber Monday or maybe your inbox got inundated with sale emails from Macy's, but you really shouldn't be spending your time at work online shopping — and you definitely shouldn't be getting those orders delivered to the office either.

For one, you should be working. For two, you don't want to be storing your credit card information on your work computer anyway — others have access to it.

5. DON’T: Work on your side hustle.

Since so many jobs are remote these days, a lot of people are picking up second and third gigs they can do during after-work hours from their computers. There's just one problem: after-work hours are spilling into work hours, and people are starting to do two jobs during one.

Don't blur the lines when you're on the company dime. It's not only unprofessional, but it'll also mean that the work you can be doing to get ahead and prove yourself as a valuable employee (who maybe even deserves a raise down the line), is being neglected. You don't want to do sub par work for any of your jobs, so commit 100 percent to the present job and leave the side hustle for the side.

6. DON'T: Look for a new job.

This one might be obvious, but it still happens. A survey from staffing firm Accountemps found that about three in 10 workers would be likely to do things like search for a position online or take a call from a recruiter while they are at work.

Here's the thing: Never use your work computer to look for a new job. Ever.

First of all, you could get fired before you even quit, and then you'll have to explain that to prospective employers in interviews. Second, if you're researching competitor jobs, you might face more serious issues with security, confidentiality, and non-compete agreements.

7. DON'T: Store your personal photos.

You shouldn't be storing your personal photos on your work computer for a number of reasons. First, you're consuming valuable storage space and putting your device at risk for viruses. Second, you're putting your personal life out there and, depending on what the photographs are of, doing so could pose problems with your workplace — if you're drinking alcohol, wearing a bikini or doing something else that might be totally fine out of the office but inapprorpriate in the office, it shouldn't be in the office even virtually. Third, you could lose them altogether if you're let go and have to leave immediately.

8. DON'T: Do your banking.

Unless you want your IT department and possibly your boss to know how much money you have or don't have, you don't want to be doing your banking on your work computer. You simply just have no privacy.

9. DON'T: Play games.

Unless you work for a video game company, it's definitely not a good idea to be playing games on your computer. If someone were to find games on your computer, they might assume that you're slacking at work to beat your high scores instead. And many games that are downloaded could spread viruses.

10. DON'T: Spend all your time on social media.

A lot of companies actually ban the use of social media while at work, because all too many of us get distracted and sucked in. If you have access to social media, you should really only be using it to check the news or if you have to use it for work purposes. You shouldn't be messaging friends, sending tweets about your crazy coworkers or posting Instagrams of your weekend.

Why? A Proofpoint Survey found that 20 percent of surveyed employers disciplined employees for improper use of blogs or message boards, 14 percent for social network violations and 11 percent for improper use of media sharing sites. You don't want to be part of that percentage.

This content was originally posted by our partners at and can be found by going here.

Tags:  Career  CyberSecurity  job 

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