Best Practices for Businesses
Equal pay practices is not only the right thing to do, but is it good for business.
Fortune 500 companies with three or more women on their board of directors experienced:
- 73% return on sales
- 83% return on equity
- 112% return on invested capital
Fifty-six percent of companies reported better operating results after hiring a woman to their executive committee
Countless studies have shown that women in leadership roles outperform those who do not.
Organizations enacting pay equity are more competitive in the hiring market and avoid costly turnover.
Since women account for 83% of spending, more money in the pockets of women means more money spent on main street businesses.