The following resources are designed to provide women in dance with tools to improve money management and negotiating skills, as well as facts and figures to increase financial literacy.
Financial Literacy Checklist
Financial Literacy Month is April, and what better time for women in dance to inform ourselves on money management, financing a freelance career, negotiating fair pay contracts, and more?!
Thanks to resources pulled from our friends at Ellevest, DDP has put together a Financial Literacy Checklist to provide women in dance with a guide to educating, refreshing, or honing your financial literacy and self-care, because we get it. Not everyone has the luxury or privilege to think about the future. Women in dance are faced with a unique set of challenges and circumstances. Some of you may be terrified, uncertain about where you will get your next paycheck. We hope that with this tool, you will find something that you can control. Arm yourself with knowledge so that the uncertainty doesn’t run so deep.
These solutions are both short-term and long-term; all we are suggesting here is that you do what you can.
Minding the Gender Pay Gap
The Gender Pay Gap is the disparity between salaries for men and women. This issue is widespread and persists even when controlling for factors like experience, industry, and job level. Take a look at the facts and figures to learn more about the severity of this issue in every field.
Get Informed: Facts & Figures
Depending on the study, women make an average of 81 or 82 cents on the dollar compared to men in the United States. The gap is often worse for women of color:
- Latina women earn 54 cents, Native American women earn 57 cents, Black women earn 62 cents, White women earn 79 cents, and Asian women earn 90 cents for every dollar earned by White men.
The median annual pay differential for women and men can be anywhere from $10,194.00 to $11,900.00 per year. The gender pay gap also varies by state, with the narrowest gaps being in New York (89%) and California (88%) and the widest gaps being in Louisiana (70%), Utah (70%), and West Virginia (72%). Zooming in on the arts, we see that women make $20,000 less annually than their male counterparts, according to the Strategic National Arts Alumni Project (SNAAP).
It is important to note that women aren’t the only ones negatively affected by the gap – when women enter a male-dominated field, wages tend to go down, even for men.
The consequences of the pay gap are such that women’s ability to attain long-term economic stability, earning potential overtime, economic mobility, and more is severely limited.
Did you know that:
- Based on current trends, women can experience up to $900,000 in lost lifetime earnings?
- 64% of mothers are the primary, sole, or co-breadwinners in their family?
- Mothers, even those who did not leave the workforce to have children, earn less than non-mothers?
- Women hold nearly two-thirds of outstanding student loan debt? Pay discrepancies in the long term are detrimental to their ability to pay off the loans.
- If women were paid the same as men, the poverty rate among working women would decrease from 8% to just 3.8%?
With all of that in mind, it is high time to take action
There are many ways to get involved in efforts to eliminate the gender pay gap. Write to your Members of Congress (MOCs) and encourage them to support legislative efforts related to pay equity – be aware of relevant legislation and advocacy that may accredit your assertions:
- H.R 7 – Paycheck Fairness Act
- H.R.1864 – Pay Equity for All Act of 2019
- H.R.2039 – Fair Pay Act of 2019
- Remember, equal pay laws and protections vary by state.
- Currently, Alabama and Mississippi are the only two states without any equal pay protections.
It is also crucial to talk to your peers about the gender pay gap. Efforts like this to bolster discourse are the first step in raising awareness of the reality of pay discrepancies. You can also support organizations like the Dance Data Project® who are advocating for closing the pay gap. Visit the DDP Resources page to learn more about organizations and studies that are keeping us informed and reinvigorating the essential dialogue surrounding this issue.
Negotiation Resources
In an effort to support the next generation of female leaders, DDP is committed to gathering resources to help women negotiate for the job they deserve. Best of luck in your next negotiation, and always call if you need someone to help you rehearse in advance of a “pitch.”
Huge thanks to Harvard Law School and the Project on Negotiation for these helpful documents!
- Women and Negotiation: Narrowing the Gender Gap in Negotiation
- Harvard Law School Program on Negotiation: Expert Job Negotiation Advice for Long-Term Success
- How to Negotiate Salary: Learn the Best Techniques to Help You Manage the Most Difficult Salary Negotiations and What You Need to Know When Asking for a Raise
- Teaching Negotiation: Understanding The Impact Of Role-Play Simulations.
- Negotiation Skills: Negotiation Strategies and Negotiation Techniques to Help You Become a Better Negotiator
- BATNA Basics: Boost Your Power at the Bargaining Table
- Business Negotiation Strategies: How to Negotiate Better Business Deals
- Negotiate Strong Relationships at Work and at Home
- Real Leaders Negotiate: Understanding the Difference Between Leadership and Management
- Overcoming Cultural Barriers in Negotiation
- Negotiation Training: How Harvard Negotiation Exercises, Negotiation Cases and Good Negotiation Coaching Can Make You a Better Negotiator
- Dealmaking: Secrets of Successful Dealmaking in Business Negotiations
- Master the art of virtual negotiation
- Discover How to Handle Conflict Management with an Appeal to Common Goals
- International Negotiations: Cross-Cultural Communication Skills for International Business Executives
- Non-compete agreements and win-win negotiation scenarios: How employers and employees can create value while preserving exclusivity in the working relationship
- Dealing with Difficult People: How to Deal with the Devil and Live to Tell About It
- Salary Negotiation: How to Ask for a Higher Salary
- How Women Can Get What They Want in a Negotiation
- Salary Negotiations: A Catch-22 for Women
Other Resources:
- Insights by Stanford Business: Negotiation: When to Stay and When to Walk Away
- The Next Chapter by American Express Business Class: Welcome to The Next Chapter
- The New York Times: A Woman’s Guide to Salary Negotiation
- Forbes: Ten Things Never, Ever To Say In A Salary Negotiation
- NPR: How to ask for a raise: Know your value (and bring the evidence)
- The Cents of Money: 10 Steps Women Should Take Negotiating Salary Compensation
- Forbes: 4 Key Strategies Women Need To Negotiate A Higher Salary
Negotiation Workshops and Events:
Other Resources
- Hub.Dance.NYC – DWR Hub: Resources for Navigating Life as a Freelance Dance Artist
- According to the State of NYC Dance 2023 Report, 60% of dance workers operate as freelancers. We know that being a freelance dance artist can be complex and challenging. To help you navigate this path, we’ve curated a list of resources on the DWR Hub covering essential topics like managing pay, work conditions, personal finances, healthcare, and retirement. Our goal is to support you in building a sustainable and fulfilling freelance career.Resources include:
• The Freelancers’s Guide to Health Insurance by Freelancers Union
• Designing Your Fees Worksheet by Makini Moves
• Taking Care of the Future You: Retirement Options for Creatives by New York Foundation for the Arts
• and more!
- According to the State of NYC Dance 2023 Report, 60% of dance workers operate as freelancers. We know that being a freelance dance artist can be complex and challenging. To help you navigate this path, we’ve curated a list of resources on the DWR Hub covering essential topics like managing pay, work conditions, personal finances, healthcare, and retirement. Our goal is to support you in building a sustainable and fulfilling freelance career.Resources include:
- Warren Averett – Nonprofit Ratios: How to Use Them and What They Measure
- When it comes to the financial management of a nonprofit organization, nonprofit ratios (or key performance indicators) can be a helpful tool to measure how your organization is doing.