Closing the Gender Pay Gap with Liz Elting

Mr. Biz Radio

Liz Elting is an accomplished entrepreneur, business leader, best-selling author, philanthropist, feminist, and mother, celebrated for her profound impact across multiple industries. She boasts an extraordinary background, having lived, studied, and worked in five countries. Elting is the founder and CEO of the Elizabeth Elting Foundation, and her entrepreneurial prowess shone when she founded TransPerfect, the world's largest language solutions company, which she started out of an NYU dorm room. With over $1.2 billion in revenue and offices in more than 100 cities worldwide, Elting has been featured as a NOW Woman of Power and Influence, an American Heart Association’s Woman Changing the World Awardee, and has consistently been listed among Forbes' Richest Self-Made Women since the inception of the list. In this thought-provoking episode of Mr. Biz Radio with host Ken Wentworth, Liz Elting delivers a captivating narrative on a topic of burning relevance: the gender pay gap. Elting brings a wealth of experience and a unique perspective, discussing innovative strategies for narrowing and ultimately eradicating this systemic issue. The conversation traverses Elting's illustrious career, her early recognition of the need for financial independence, and the intricacies behind the remarkable ascent of her company, TransPerfect. With a focus on quality, rapid turnaround, and constant innovation, Elting not only provides insights into driving business success but also illumines the path to realizing a more equitable corporate landscape. Key Takeaways: -Despite improvements, the gender pay gap remains with women roughly earning 84 cents on the dollar compared to men. -Women should negotiate their compensation from the outset and not hesitate to ask for raises, aligning their pay with their results and contributions. -Organizations benefit from more women in C-level and board positions, helping to close the gender pay gap and fostering an equitable work environment. -Women can combat gender bias by focusing on results and proving their worth in measurable terms, challenging traditional stereotypes. -Evolving better business practices and creati

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