As more startups recover slowly from the precipitous drop-off in revenue caused by the pandemic, female CEOs are paying themselves even less compared with their male counterparts, according to the latest report from San Francisco-based accounting firm Kruze Consulting. The report found that the salary gap between female and male startup CEOs grew four times wider in 2022 from what it was in late 2019. The differential clocks in at $20,000 in 2022, up from $5,000 in 2019. Compared with 2021, 2022 saw an increase of only $1,000 annually for female CEOs, while male CEOs saw a $5,000 salary increase.
Besides being underpaid, female leaders continue to be underrepresented in the workplace--made worse by the collapse of the child care sector and the inaccessibility of afterschool programs due to the pandemic. Read on for three ways to determine how much to pay yourself.
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