WALTHAM, Mass., May 6, 2021 /PRNewswire/ -- The rigor of a
stay-at-home mother's job came into sharp focus during the
pandemic, with median time worked reaching 106 hours per week and a
fair market salary equivalent of $184,820, according to new data from Salary.com,
the compensation solution provider of the trusted data and
intuitive software needed to get pay right. Salary.com surveyed
over 19,000 mothers since the start of the pandemic. The most
time-consuming and expanded roles were Chief Financial Officer
(CFO) and Chief Operating Officer (the role that makes sure
everyone else is following the plan), which more than doubled to
account for 20+ hours per week.
"It's fitting that their salary value continues to rise, nearing
the upper echelons of Corporate America."
"We saw that mothers spent considerable time managing financial
concerns and organizing the schooling of their family during the
height of the pandemic," said Lenna
Turner, Director of Diversity, Equity and Inclusion for
Salary.com.
Other notable findings include:
- The pre-pandemic median annual salary for stay-at-home moms was
$178,201, and hours worked per week
was 96.5 in 2019. The median hours worked for the past decade
pre-pandemic was 96 hours per week.
- In the past year, the 75th percentile of mothers reported
working an astonishing 117 hours per week.
- Working moms reported spending 54 hours per week on managing on
the home front, in addition to the hours for their regular
employment, for a total of 107 hours split between work and home
roles.
- The data is not adjusted for, nor fully reflects, the hazard
pay for the increased intensity of the work that parents have
reported in the past year, which would typically be worth a premium
of around 10%.
Salary.com surveys tens of thousands of stay-at-home moms and
working moms annually for the past two decades to determine the
value of their job if it were paid fairly. Since March of 2020,
over 19,000 moms have reported their work profile across 20+ roles
that make up a mother's most time-consuming tasks from chauffeur,
to CFO, to cook, and more. Salary.com analyzes the hours spent and
assigns an hourly wage rate to each role. The data is not adjusted
for overtime, shift differentials, bonuses or other pay premiums
that companies often pay.
"In a year like no other, moms went to extraordinary lengths to
keep things together on the home front, working, on average, 15.1
hours per day, seven days a week," said Mary Crogan, Vice President of Marketing at
Salary.com. "That's an incredible workload, and one that
encompasses everything from C-level responsibilities, to help desk
manager, to teacher. It's fitting that their salary value continues
to rise, nearing the upper echelons of Corporate America."
"The dramatic increase in average hours worked per week could
have resulted in even higher pay, but some of that increased
workload was dedicated to lower compensated roles," stated
Salary.com CEO, Kent Plunkett. "We
applaud the heroic efforts of mothers everywhere to guide their
families through the pandemic. 'Thanks Mom!' might be the
understatement of the year, but it's a good place to start."
For more information, visit www.salary.com to check out
Salary Wizard.
ABOUT SALARY.COM
Salary.com is the leading SaaS provider of compensation market
data, software, and analytics, bringing more of the trusted data,
expert services and intuitive software organizations need to get
pay right. The industry's fastest-growing compensation
management company, Salary.com serves over 500,000 channel partner
firms, 30,000 survey participant organizations, 8,000
business-to-business software subscribers, and 45 million employees
globally. For more than 20 years, Salary.com has empowered
confident decisions by aligning compensation practices with
recruiting, performance, and development initiatives through
easy-to-access data and meaningful insights.
The market-leading CompAnalyst® SaaS platform
accelerates compensation workflows, delivers real-time data, and
powers accurate, equitable, and competitive compensation. Through
its Salary Wizard and pioneering website, Salary.com delivers
continually updated, reliable market pay data and career content to
over 45 million visitors each year. For more information, please
visit the company website at www.salary.com.
Media Contact:
Julie
Murphy
Julie.Murphy@salary.com
617-967-5426
Mary Crogan
Mary.Crogan@salary.com
978-835-4878
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SOURCE Salary.com, Inc.