No images? Click here JUNE 22, 2022 Talking PointsWhen You Finally Give Yourself a Decent Paycheck Earlier this month, we talked about the astronomical pay gap between top CEOs and the median-wage worker (CEOs make around 670 times more, to be exact *ugh*)—but it turns out, there’s another pay gap that we need to talk about: the one between female and male startup CEOs. That’s right, female founders aren’t paying themselves enough, oftentimes without realizing it or because of circumstances out of their control (like a global pandemic). Let’s crunch some numbers, shall we? At 250 seed and venture-funded startups in the U.S., the gap between female and male CEOs grew four times more since 2019 (that’s $20,000 in 2022 compared to only $5,000 in 2019), according to a report from Kruze Consulting. And for every dollar a male founder makes, a female founder makes $0.86 (the gap has widened by $0.10 since 2019). Oh, and get this: during the pandemic, female CEOs cut their salaries by 30% ($101K per year in 2020 from $138K in 2019) while male CEOs gave themselves a raise ($146K in 2020 from $143K in 2019). Are we surprised? Unfortunately, not really. But, there is some good news—or at least things you can do to make sure you’re getting paid what you deserve (even when you’re the one who does payroll). Tanya Jansen, the co-founder of beqom, gave Inc some tips. Here are the most important takeaways:
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