According to the information provided, this is a report on the narrowing of the gender pay gap and the widening of the racial and ethnic pay gap in the Boston area. Here is the original article that I rewrote according to the request:
In a recent study, it was found that the wage gap between men and women in Greater Boston has narrowed by 30 percent in the past two years. For every $1 men earn, women now earn 79 cents, nine cents more than in 2021, according to the Boston Women's Workforce Council (BWWC). However, the report also found that the racial and ethnic wage gap widened over the same period. Currently, for every $1 a white colleague earns, people of color earn 73 cents, and in 2021, for every $1 a white colleague earns, people of color earn 76 cents.
BWWC attributes closing the gender pay gap to two factors: women's advancements to higher-paying senior positions and overall wage increases. The data shows that the proportion of women in senior management positions has increased by 3% and in mid-level positions by 2%. Overall, women's average wages increased by 6% between 2021 and 2023. But the gender pay gap has indeed widened significantly in performance-based pay-related roles. BWWC notes that while more women in higher-paying positions have narrowed the pay gap, the lack of equity in performance-based pay has allowed it to be maintained. An analysis of performance-based pay found that the pay gap between men and women had increased to 30 cents, with men averaging more than three times as much as women.
Analysts note that some of the factors contributing to these results may include the pandemic. In the report, BWWC noted that the narrowing of the gender pay gap is likely related to the pandemic-induced workforce adjustments and federal grants to retain workers. These benefits have enabled many women to continue their old jobs or take up new jobs.
In addition to changing the gender pay gap, the report highlights racial and ethnic inequalities in the pay gap. If performance-based pay is taken into account, the gap widens to 31 cents, as performance-based employees of color pay average 2.2 less than white employees5 times. The report shows that women of color are disproportionately represented in low-wage industries and jobs. Asian and white women earn the most among female employees who receive data analysis, while Hispanic Latino and Black women earn 40% and 42% lower base compensation, respectively. Specifically, for every $1 earned by white men, black women earned 54 cents less and Hispanic Latino women earned 52 cents less.
Commenting on the figures, BWC Executive Director Kim Borman said: "The widening racial wage gap means we have more work to do. It's not enough to be close to fairness. To promote equity, BWWC Recruitment has signed the 100% Talent Pact, which requires companies to review policies, address wage inequities, and anonymously share wage data on race and gender. In 2023, BWWC received about 1650,000 employees, or about 17% of the Greater Boston workforce.
Overall, the study shows changes in gender and racial and ethnic pay gaps in Greater Boston. While the gender wage gap has narrowed, the racial and ethnic wage gap has widened. In addition, the lack of fairness in performance-based pay remains an important issue. To address these issues, BWWC will continue to work to promote equity and call on businesses and companies to take steps to reduce these gaps.
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