The WATTTM Report



Welcome - April, 2010

Welcome to the first edition of The WATT(TM) Report, your resource for news and advice to help you get ahead. As a member of the Women at the Top(TM) Network, you'll receive this monthly e-newsletter the first Wednesday of every month.
 
In Case You Missed It 

Each month we'll round up a few of the most interesting reads we've found to help you stay informed. This month's picks are: 
 
Fact: Only 9 percent of profit-and-loss jobs - those that lead to the C-suite - are held by women. Read a Q&A with Carol Evans, CEO of Working Mother Media.

Quote: "The majority of the women at work today represent the first generation of women who were told they could accomplish anything they put their mind to."  Read more from author Marcia Reynolds on The Huffington Post.
 
AdviceTips for making small talk with bigwigs by author John Baldoni 

Icons of Influence

Quick - name three of the world's most powerful women in business.
 
According to Forbes Magazine's list of the world's 100 most powerful women, being on the list isn't about celebrity or popularity; it's about influence.
 
That said, here are the women in business from the top 10:
  • Indra Nooyi, PepsiCo
  • Cynthia Carroll, Anglo American U.K.
  • Ho Ching, Temasek Singapore
  • Irene Rosenfeld, Kraft Foods
  • Ellen Kullman, DuPont
  • Angela Braly, WellPoint U.S.
  • Anne Lauvergeon, Areva France
  • Lynne Elsenhans, Sunoco U.S.

 

Who's on your list? Please share your thoughts on the most influential women in business via email: . We'll share them in a future newsletter.
 
 
Go for It: Promotion or Payraise
 
Yes, you can ask for a promotion or raise during a recession. But proceed carefully - and keep in mind that 48 percent of companies expect a salary freeze this year, compared with 13 percent in 2009, according to Hewitt Quarterly. For those offering raises, the 2010 average was 3.4 percent in 2009, with an expected 5 percent this year.

 

At the same time, organizations can't afford to lose their high performers right now. Consider these simple strategies from SmartMoney.com to increase your chances of success.
 
  • Timing. Talk with your manager after you've finished a big project or results that show how you've impacted the bottom line. Don't want until review time.
  • Add it up. Come prepared with a list of your accomplishments and try to put a dollar amount them where possible.
  • Negotiate. Ask for more time off, more flexibility in your work schedule or consideration for a performance-based bonus instead.
  • Be ready for no. Ask your manager when you can revisit the issue with him or her, plus specific recommendations for reaching the next level.
 
Step Forward for Pay Equity
 
April is Pay Equity Month. Will the U.S. Senate finally pass the Paycheck Fairness Act? The House of Representatives passed the bill on a bipartisan basis earlier this year and a  U.S. Senate committee recently held a hearing on the bill.
 
Rep. Rosa DeLauro (D-Connecticut) first introduced the Paycheck Fairness Act 12 years ago to update and strengthen the Equal Pay Act that President John F. Kennedy signed into law. The bill would enhance employees' abilities to learn about wage disparities; allow wage comparisons to be made across company locations; and make it easier to file wage-related class action lawsuits and to pursue compensatory and punitive damages.  Last year's new Lily Ledbetter Fair Pay Act gave wage disparity victims more time to file discrimination lawsuits.
 
Today women earn about 77 cents for every dollar men earn, resulting in a lifetime pay disparity of $400,000 to $2 million as well as lost income toward retirement and Social Security benefits, according to DeLauro.  
 
This Month
 
April 20: WATT(TM) Network author interview with Marcy Blochowiak, author of No Glass Ceiling, Just Blue Sky (register)
 
April 22: Take Our Daughters and Sons to Work Day (list of resources)
 
April 27: National Teach Children to Save Day (more info; resources)

 

 
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