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76% OF EXECUTIVES OPPOSE LEGISLATION TO END GENDER PAY GAP
Companies Must Self Regulate Fairness in Compensation to Ensure Glass Ceiling is Broken
NEW YORK, JUNE 10, 2007 — A survey of 320 senior executives around the world reveals 76 percent are opposed to legislating equal pay for women. The survey was conducted from April 19 – May 3, 2007 by BlueSteps.com, the career management service of the Association of Executive Search Consultants (AESC).Respondents were asked, "Does the inequality of women's pay (In the U.S., approximately 77 cents for every dollar a man makes) need to be legislated?"
Results were as follows:
- Yes - 24%
- No - 76%
"Pay inequality remains a powerful disincentive to women and ultimately deprives business of top talent," noted AESC president Peter Felix. "Businesses must self-regulate fairness in pay to ensure that top talent can ascend to the C-suite regardless of gender or any other differences. If the gap doesn't close, it will negatively impact diversity at the top level - and every level - of business. It shrinks the talent pool and ultimately hurts business. This is why top search firms have been aggressive in deploying diversity programs - to assure the best talent is brought to the negotiating table for the top jobs."
Respondents were from the following regions: North America (66%); Europe (16%); Asia Pacific (12%); Latin America (4%); Africa (1%); and other (1%).
About BlueSteps.com
BlueSteps.com is an online global database of senior executives. As an exclusive service of the Association of Executive Search Consultants, BlueSteps.com enables executives to remain accessible to all member firms of the AESC. AESC members use the database as an additional resource in the initial candidate and source identification process. For more information about BlueSteps.com, visit the website at www.bluesteps.com.
About The Association of Executive Search Consultants
The Association of Executive Search Consultants is the worldwide professional association for the retained executive search industry. The AESC's mission is to promote the highest professional standards in retained executive search consulting, broaden public understanding of the executive search process, and serve as an advocate for the interests of its member firms. For more information, or to download the AESC Code of Ethics and Professional Practice Guidelines, go to www.aesc.org.