Or better entitled 'Who has time for all of this data?!'
To career-minded female professionals who want to ensure they are moving to companies that will support their growth, we recommend you read carefully about making another career move.
Does anyone recall what figures Foster Strategies shared this year again from our research?
Don't worry!
We've got you covered.
Keep reading.
⭐Ask not only what percentage of women are on the payroll, but this major question:
👉What percentage of payroll dollars goes to women?
Currently automotive hovers at barely 20% percent of female employees.
👉 An even more concerning issue is that only 8% of payroll goes to females.
So this means on average, women are making 40 cents on the dollar as their male colleagues.
👉 Out of a $1,000,000 payroll in a month, only $80,000 is paid to females.😳😳😳
That's right. 8 cents on the dollar.
When we hear managers say we have a lot of girls here… this is exactly how they are being categorized.
They are being paid for entry-level work. Payroll will prove it out. If HR refuses to give you these numbers, step away.
Low pay equates directly to low or no influence, and zero to little chance of meaningful career growth.
Sadly, most HR people are completely unaware of these statistics.
Would you like another important question to ask?
Glad to help.
👉 Out of the females in leadership (if there are any) what percent are family members of the ownership?
Yes, this matters.
Especially when you are looking to establish if there is a precedence of an actual path to leadership for women who are not born as family members.
In automotive today, out of every 100 dealerships, only 5 to 7 have female General Managers...and 1/2 to 60% of these are family members of the owner.
Are we discounting the work that our friends the female family members are doing?
Absolutely not.
In fact, the odds that they are doing a better job than their brothers, nephews, and uncles as a comparative set are good.
We are here to build excellent leadership throughout automotive.
It starts with taking an honest look at the numbers.
It actually starts one step earlier. By learning, there are data, stats, and insights you never considered before.
😉That's where we come in.
Everyone has to start somewhere.
Make today the day you commit to do something about it and be better. Strategically better.
Foster Strategies Group ⭐⭐⭐⭐⭐
Driving a difference in Automotive by telling the whole story.
For more meaningful automotive data reach out today.
On Where Have You Heard This Info Before? (hint at end of post) The Leadership Dilemma.
