Before hitting glass ceiling at work, women face ‘broken rung’

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Anjula Acharia is charting her own path and breaking barriers. She's the investor, innovator and entrepreneur conquering Silicon Valley and Hollywood

Women in corporate America have come a long way in the last decade.

While the overall gender pay gap has not changed much, it has narrowed among top executives. For the first time ever, women CEOs make up more than 10% among Fortune 500 companies.

But CEOs are often recruited from among top leadership and seeing even more women in the C-suite is key to having more women ascend to the highest levels.

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That’s where progress often falls short, according to the annual Women in the Workplace study from Lean In and McKinsey.

“The ‘broken rung’ is the biggest barrier to women’s advancement,” said Rachel Thomas, Lean In’s CEO and co-founder. “Companies are effectively leaving women behind from the very beginning of their careers, and women can never catch up.”

Inequity ‘compounds vastly’ over a career

Ways to battle gender barriers

From a policy standpoint, pay transparency legislation is also important, Rodriguez added.

Overall, salary bands, or the pay ranges organizations establish for specific roles, have already helped level the playing field, according to recent research from job site Ladders.

The idea is that pay transparency will bring about pay equity, or essentially equal pay for work of equal or comparable value, regardless of worker gender, race or other demographic category.

“There’s a long way to go, but it’s still really promising,” Rodriguez said.

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