• Home:
• News:
• BirthdayPak:

Frustrated by the Gender Wage Gap?

By: BirthdayPak |  1,017 Shares     94 Reads

You Won’t Find it in Franchising!

August 08, 2018 // Franchising.com // SPRINGFIELD, PA - Looking for a more even playing field and tired of gender inequality in corporate America? Many women are turning to franchising because it offers a proven business model, an equal opportunity to achieve success and the ability to earn an unlimited income. There is NO gender wage gap in franchising!

The Gender Gap - Consider the Staggering Numbers

The gender wage gap ranges from $6,725 to $19,414 throughout the United States, and in 2017, women earned 82% of what men earned according to a Pew Research Center Analysis. In terms of time, this would mean women would need to work an extra 47 days to be on par with men’s earnings, on average. While the gender wage gap has declined since 1980, this is still a long way to closing it.

And it’s not just the income gap that is challenging. Women are underrepresented at every level of the corporate ladder, particularly minority women. For example, just 1 in 5 c-suite leaders is a woman. Women are also less likely to be promoted than men, especially at first, with women 18% less likely than their male counterparts to be promoted from entry level to manager in 2017.

Women Franchise Owners Are Increasing

Equal opportunities in franchising prove that it’s an attractive plan for women, helping to turn the tide on gender inequality. A recent International Franchise Association report analyzed 2012 Census data and found that 30.6% of franchise businesses are women-owned. This is a 50% increase since 2007 when women made up 20.5% of franchise owners. This has likely trended upward since 2012.

Studies continue to show that women make better leaders than men, and natural-born leaders make great franchise owners. Research also shows that female entrepreneurs are more likely to be successful.

100% Equal Pay, but What Else Is Appealing About Franchising?

The ‘equal pay, equal work’ mantra applies to franchising because both male and female franchise owners get out what they put into it. Beyond income equality, business owners enter franchising for a number of reasons - from the desire to be your own boss to wanting more freedom and flexibility with scheduling to never miss out on an important life event again. Overall satisfaction is high among female franchisees according to a survey by Franchise Business Review, with 90% responding that they enjoy operating the business.

In addition to personal growth opportunities, the franchise sector in general has been growing. So much so that it is expected to outpace the U.S. gross domestic product with an increase of 6.1% ($451 billion) in 2018. If you’re considering franchising, it’s never been a better time!

Don’t Just Survive When You Can Thrive

If you want to say goodbye to the 9-5, take your career to new heights and sidestep the gender wage gap, consider franchising. BirthdayPak franchise owners have been helping women across the country celebrate their birthdays, while at the same time, helping local businesses grow. Markets are available for sales-minded, entrepreneurial women (and men) looking for a refreshing change from a corporate environment. And you’ll be in good company - 58% of BirthdayPak franchise owners are independently owned by women or part of a husband/wife team.

About BirthdayPak

BirthdayPak, founded in 2010, is an award-winning, multi-channel marketing program that offers exclusive upscale businesses access to an exclusive group of female consumers. Currently, the brand operates in 34 markets across 19 states. For more information about BirthdayPak, visit
http://www.birthdaypak.com/about.html.

Media Contact:

Josephine B. Mallari
Franchise Elevator PR
(847) 239-8171
jbmallari@franchiseelevator.com

SOURCE BirthdayPak

###

Comments:

comments powered by Disqus