Monday, September 8, 2014
Professional Diversity Network Jobs Report Reveals Gaps in Pay and Leadership Opportunities for Women and Minorities
CHICAGO, Sept. 8, 2014 /PRNewswire/ -- Professional Diversity Network, Inc. (Nasdaq:IPDN) releases its September Diversity Jobs Report (DJR) and Diversity Jobs Index (DJI.) This month's report delves into the diversity employment situation in Financial Services and explores the benefits of employing more women, particularly in leadership positions.
The September DJR reveals that women and minorities are generally well represented in the Financial Services industry and tend to hold positions across almost all occupations. However, white males overwhelmingly hold management positions at the highest pay grades. Although educational attainment and pay are closely correlated at lower levels — namely administrative and functionary roles — this disparity at higher ranks cannot be explained by employees' educational levels.
Report highlights include:
The unemployment rate for diverse Americans increased by 0.27 percent from 6.42% to 6.69%
The DJI for August 2014 is 50.17, indicating a 1.51 percent increase in demand for diverse talent as compared to the month prior
In the financial services industry, women who are 40 years of age or younger make 44 percent less in salary than their male counterparts on average
Women who are age 30 or younger, namely in entry to mid-level jobs, make 40 percent less than men, which equates to nearly $30,000 per year
To view the full report and methodology click here
About Professional Diversity Network
Professional Diversity Network develops and operates online networks dedicated to serving diverse professionals in the US, including women, African Americans, Asian Americans, Hispanic Americans, veterans, disabled persons and LGBT, by providing them with access to employment opportunities. Online communities include iHispano, BlackCareerNetwork, WomensCareerChannel.com, Military2Career, ProAble.net, OutProNet, and AsianCareerNetwork. For more info, visit prodivnet.com.
SOURCE Professional Diversity Network
Have you ever found yourself so excited about something that the energy it generates just seems to pull you along? Imagine feeling that ever...
People often like to groan about how their job is "killing" them. Tragically, for some groups of people in the U.S., that state...
Latino voters would be receptive to a presidential candidate who offers a convincing vision for growing the economy, but not if they oppo...
BLOOMFIELD, Conn.--(Business Wire)--Cigna (NYSE: CI), a global health service leader, has scored among the top companies measured in the ...
Donald Trump doesn't seem to much care whom he offends or befriends. On Tuesday night, though, the outspoken businessman and Republic...
Diversity (or lack thereof) in the IT industry is big news, and companies like Intel, Facebook, Google and Twitter are announcing they...
SAN FRANCISCO – Top universities turn out black and Hispanic computer science and computer engineering graduates at twice the rate that l...
With the Office of Personnel Management’s latest report on Hispanics in the federal government, it’s easy to take the glass half-empty ap...
Almost one in 10 adults of working age in the U.S. has limited proficiency in English, more than 2.5 times as many as in 1980, curbing the...
Social media allows you to be more transparent and more connected than ever before, but it also encourages you to be more superficial, br...
New York Time
Copyright 2015 ©
Netvision SA and Planet M
New York, New York, USA 10008
You can copy this content without permission but you must notify us via email.
Otherwise, it is illegal. All rights reserved worldwide
Operated by Carlos Vassallo