Dream Wired
No Result
View All Result
  • Home
  • Celebrity
  • DramaAlert
  • Gossip
  • Movie
  • TV
  • Music
  • Comics
  • Shop
  • Home
  • Celebrity
  • DramaAlert
  • Gossip
  • Movie
  • TV
  • Music
  • Comics
  • Shop
No Result
View All Result
Dream Wired
No Result
View All Result
Home Celebrity

This 25-Year-Old Created A Wage Gap Calculator To Get You Paid What You’re Worth

rmtsa by rmtsa
May 6, 2024
in Celebrity
0
This 25-Year-Old Created A Wage Gap Calculator To Get You Paid What You’re Worth
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter


You might also like

Funniest Tweets From The 2025 American Music Awards

The Stroke They Didn’t See Coming

Denise Bidot Slams Lil Wayne For Alleged Mother’s Day Breakup

When Adeola Ajani landed her “dream job” as a financial analyst with Morgan Stanley, she was elated. The feat was the culmination of her years of high education, interning and upskilling. And yet, she was severely undervalued. She was paid “anywhere from 35% to 40% less than her male counterparts,” despite holding similar credentials.

The issue, she says, started when she signed a non-negotiable agreement as a part of her job offer contract, in which she took to mean she would not be able to bargain at all on her initial salary amount. She later discovered that her white male colleague not only was able to negotiate his salary, he landed on a significantly higher number than what was earning.

“When I found out, I was devastated,” Ajani tells ESSENCE. “I told my mom. She told me to let it go. That’s just what happens to us. I could not let it go. I went to HR. I didn’t even go to my manager. I went to HR. HR told me I signed a non-negotiable agreement, and that’s very important. Non-negotiable agreement means once you’ve signed it, it is what it is. We’re not negotiating with you. We’re not talking with you. It is what it is. So I ate that. I worked weekends, holidays, overtime to try to make what he was making, and I was close to it. But I realized that I was still being severely underpaid no matter how hard I worked. I had to realize that I could’t kill myself for this. So, I pivoted.”

While still working full-time at the firm, she started gathering information about the racial and gender wage gap. A short time later, she launched a wage gap calculator tool to help women of color, particularly Black women, assess what their salary thresholds.

“That white male colleague had mentors that taught him anything is negotiable,” Ajani shares. “Many of us don’t have that.”

Now, in just a few short years, that standalone tool has grown into Fem Equity, a full-fledged company and that houses its SaaS platform which provides financial education and professional development that has impacted thousands. Surprisingly, Ajani didn’t plan it this way. “It wasn’t supposed to be a company,” Ajani shares. “It was just supposed to be a solution to eradicate the $1.1 million salary chasm.”

What she’s referring to is that Black women are losing out on millions in wealth over a 40-year work period because of the wealth pay gap. 

As ESSENCE previously pointed out, women earn an average of 82 percent of what men earn per recent data from Pew Research Center. Black women earn just 67 cents of what non-Black men earn. What’s more the Center for American Progress says a woman may lose $400,000 to $1.2 million because of this.  

On average, Fem Equity says it has helped users raise their annual salary by $20,000–the figure that stands between people living on shoe string budgets and actually accumulating generational wealth. Ajani has shared that users additional earnings now top $1,000,000.

And she’s done this all at just 25 years old.

“I’m just getting started,” Ajani says. “I’ve known since I was 17 that I was purposed to pour into my community by way of financial empowerment. This is only the beginning.”

This interview was edited for clarity and brevity.



Source link

Tags: 25YearOldCalculatorCreatedGapPaidWageWorthYoure
Share30Tweet19
rmtsa

rmtsa

Recommended For You

Funniest Tweets From The 2025 American Music Awards

by rmtsa
May 28, 2025
0
Funniest Tweets From The 2025 American Music Awards

Source: Ethan Miller/Getty Images Well, last night’s AMAs was surely something with a few buzzy moments headlined by host Jennifer Lopez‘s spirited opening performance sequence where she razzled...

Read more

The Stroke They Didn’t See Coming

by rmtsa
May 28, 2025
0
The Stroke They Didn’t See Coming

Amr Bo Shanab/Getty Images It started as a regular Monday morning in November 2018 for 42-year-old Nicholas Powell. Then suddenly, while sitting at his desk, the room started...

Read more

Denise Bidot Slams Lil Wayne For Alleged Mother’s Day Breakup

by rmtsa
May 27, 2025
0
Denise Bidot Slams Lil Wayne For Alleged Mother’s Day Breakup

Source: Prince Williams Lil Wayne and longtime girlfriend Denise Bidot have called it quits. In a lengthy Instagram video shared May 11, the 38-year-old plus-sized model claimed that the rap star...

Read more

Lauren & Cameron Hamilton Pregnant, Expecting 1st Child

by rmtsa
May 26, 2025
0
Lauren & Cameron Hamilton Pregnant, Expecting 1st Child

Congrats are in order for a fan-favorite Love Is Blind couple! Source: Carol Lee Rose Nearly five years after they first captured the hearts of millions as one...

Read more

Jon Batiste And The Appeal Of Everyday Elegance – Essence

by rmtsa
May 26, 2025
0
Jon Batiste And The Appeal Of Everyday Elegance – Essence

Getty Images It wasn’t until the 2022 Grammys, when Jon Batiste took home five awards, including Album of the Year, that I’d even heard his name. I was...

Read more
Next Post
What To Expect At The Met Gala

What To Expect At The Met Gala

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Browse by Category

  • Celebrity
  • Comics
  • DramaAlert
  • Gossip
  • Movie
  • Music
  • TV
  • Uncategorized

CATEGORIES

  • Celebrity
  • Comics
  • DramaAlert
  • Gossip
  • Movie
  • Music
  • TV
  • Uncategorized
No Result
View All Result

Recent News

  • Brittany Cartwright Catches Jax Taylor Spying on Her from Rehab
  • Kevin Costner Sued Over Alleged Rape Scene on Horizon 2 Set
  • Funniest Tweets From The 2025 American Music Awards

Copyright © 2023 DramaWired.
DramaWired is a content aggregator and not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Celebrity
  • DramaAlert
  • Gossip
  • Movie
  • TV
  • Music
  • Comics
  • Shop

Copyright © 2023 DramaWired.
DramaWired is a content aggregator and not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In