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2021 Latinas in Business highlights

2021 Latinas in Business highlights and most-read articles 

Our 2021 Latinas in Business Highlights and Most Read Articles are here!

Another year comes to an end and we close another chapter. Before we jump into the new year, first let us take a look back at some 2021 highlights and reflect on the stories we have shared here. 

Throughout everything, we as a community have risen to challenges and collaborated together to uplift each other throughout pandemic hardships.

Each year we strive to set the bar higher and this year was no different here at Latinas in Business Inc. We are so blessed and honored to have such an amazing community of readers, supporters, and collaborators. We thank you so much! Gracias! 

Now, here are the 2021 Latinas in Business highlights and most-read articles on LatinasinBusiness.us, our dedicated editorial platform that promotes and empowers Latinas and other minority women entrepreneurs.

2021 Latinas in Business most-read articles 

Latinas Equal Pay Day, gender wage gap

Latinas are among the most adversely affected by the gender pay gap. They are paid just 55 cents for every dollar earned by white, non-Hispanic men. (Source: latinaequalpay.org)

In March, we celebrated Equal Pay Day and learned that the gender wage gap for Latinas may take more than two centuries to close if we continue to do nothing.

Women working full-time, year-round are typically paid just 82 cents for every dollar paid to men. That is just the statistic for women in general, but the gender wage gap is much wider for minority women, especially Latinas who only make 55 cents for every dollar earned by white, non-Hispanic men. To put it another way, a Latina woman must work 23 months to earn what white men earn in just 12 months.

To learn more about the wage gap for Latinas and what we can do to close the wage gap, see our full article.

Later the year, Key Insights from the 2020 State of Latino Entrepreneurship Report showed us how Latino entrepreneurs are succeeding and advancing, and also where we can work to improve.

According to the report, released by Stanford Graduate School of Business in collaboration with the Latino Business Action Network,  Latino-owned businesses are becoming the fastest-growing segment of the U.S. small business ecosystem.

Additionally, the number of Latino-owned businesses has grown 34% over the last 10 years compared to just 1% for all other small businesses. Were it not for the growth in the number of Latino-owned firms, the total number of small businesses in the U.S. would actually have declined between 2007 and 2012.

We also learned that Latina-led companies have struggled the most during the pandemic, experiencing more closures and lay-offs compared to Latino-led companies (30% versus 16%). See here to read the full report.

translation services, Unida Translation

Ivana and the Unida team.

This year readers enjoyed learning how Ivana Sedia is working to help connect people and transcend borders through her language translation service, Unida Translation. Her company delivers both spoken and written word translation services in over 125 languages for projects in the certified, legal, government, medical, and technical fields.

Ivana’s business grew out of a hobby and passion for translation and language learning. With experience with writing in Spanish and English and working for the government by assisting non-English speaking immigrants, an MBA in management, and a Bachelor of Arts in Communications, International Relations and Diplomacy with a minor in Italian, Ivana taught Spanish and Italian lessons. She then decided to use her language skills to help transcend borders for businesses and organizations in need of translation services.

Read her full story here!

Latina researcher and founder of Stratified Insights, Dr. Marlene Orozco, shares the importance of data in demystifying misconceptions about Latinas.

In July, Latina researcher, Dr. Marlene Orozco shared the importance of data in demystifying misconceptions and biases about Latinas.

As mixed methods researcher by training, Marlene has over 250 hours of in-depth interview experience and quantitative expertise in big data.

Throughout her years of education training in the field of research, Marlene has used her research as a tool to make a real-world impact, especially for minority small business owners and entrepreneurs. Her research is guided by her passion for education and economic equity and exploring pathways of mobility for immigrants, women, and entrepreneurs from underrepresented backgrounds.

Latinas are often misrepresented, undervalued, and unappreciated in the professional world. These unfair biases have an impact on the rate of success for Latinas and other minority groups. Through hard data, showing the successes of Latina women in the professional world, Marlene is working to end these biases and misconceptions. Learn more here! 

Jennifer Garcia, founder of Fluential Leadership. (Photo courtesy Jennifer Garcia)

Finally, readers were eager to learn from Jennifer Garcia’s inspiring story where she shared how she left her secure job to launch her dream business.

A multi-faceted business professional and leadership coach with a passion for empowering people and transforming businesses, Jennifer founded Fluential Leadership, a business and leadership consulting firm focused on elevating small-to-medium-sized business performance through developing and executing growth strategies, recruitment, and retaining talent.

Like many entrepreneurs, Jennifer was driven to start her own business out of a desire to pursue her passion and make an impact. For fourteen years, Jennifer worked in the finance industry and in a variety of leadership roles at Bloomberg, a global financial data provider. However, she wanted to make a greater impact and use her expertise as a leader and consulting coach to help others achieve their own career goals and dreams.

Following her dream, Jennifer launched her company, stepping into the unknown leaving the comfort, certainty, and stability of her career. Continue reading about her full journey into entrepreneurship here.

THRIVE! 2021 Women Entrepreneurs Empowerment Summit highlights 

Another huge 2021 Latinas in Business highlight for us was our annual empowerment event. Entrepreneurs, business owners, and industry leaders gathered in June to THRIVE! for the third annual Women Entrepreneurs Empowerment Summit, a unique conference that year after year gathers successful Latinas and other minority women entrepreneurs to Learn. Connect. Succeed!   

Latinas in Business Inc. CEO and President Susana G. Baumann with board members.

This year, the summit focused on key areas of growth to connect and empower women business owners with tools and insights to propel them forward in the wake of the COVID-19 pandemic so they can grow their businesses to the next level. 

This amazing event featured stellar guest speakers, inspiring panels with industry leaders, and motivating deep-dive workshops and group discussions that connected and inspired Latina and other minority women entrepreneurs, empowering them to take the next step in achieving their business goals and turn their dreams into actionable business plans. 

We ended the 2021 Women Entrepreneurs Empowerment Summit with the Latina Leaders Award Ceremony, broadcasted live from New York City. It was a beautiful and touching moment where we saw 12 influential Latina Leaders from the past year honored for their success as entrepreneurs and community leaders. 

Assemblymember Rodneyse Bichotte Hermelyn alongside Daneida Polanco of Univision.

The stunning Daneida Polanco of Univision presented the awards alongside Latinas in Business’s CEO and President, Susana G Baumann in a heartwarming ceremony that gathered and celebrated not only our Latina Leaders but Latina entrepreneurs everywhere. 

The 2021 Women Entrepreneurs Empowerment Summit was certainly a night to remember and we cannot wait for the events to come in the new year! 

Thank You! 

Looking back on our 2021 Latinas in Business highlights and most read articles reminds us of what an amazing and inspiring community we have here. Once again, we are so very grateful for all the support from sponsors, hosts, supporters, collaborators, and reades that allowed us to continue our mission to advocate for the economic empowerment of Latinas and other minority women entrepreneurs.

Thanks for your support and Happy Holidays to all from us! See you in the New Year!

Latinas in Business Inc. Team

Latinas in Business Inner Circle

Latina Equal Pay Day is a call to action

Latina Equal Pay Day — the day when Latina pay catches up to that of White, non-Hispanic men from the previous year. This year it is being observed on November 29, 2020.

More than 50 years after the passage of the Equal Pay Act of 1963, Latinas typically earn only 54 cents for every dollar earned by White, non-Hispanic men and must work more than 22 months to earn what white men earn in 12 months. Indeed, given that this is the last “Equal Pay Day” observance of the year, Latinas must typically work longer than … everyone.

latina entrepreneurs, latinas in business, latinas in the workplace

Latina entrepreneurs are the slowest growing demographics in revenue and economic growth. 2019 Latina SmallBiz Expo participants. 

This disparity hurts not only Latinas, but also the families and communities they support. In 2017, this is unacceptable. We need to act now and let everyone know that we support #LatinaEqualPay! Join the women’s rights community, Latino advocacy organizations, the labor movement and workers’ rights advocates  for the #LatinaEqualPay Day.

Blog contributor Corine Sandifer covers thoroughly the facts on this important issue and the actions to be taken to close this 47% pay gap that hurts Latino families, and follow Latinas into retirement. Read on!

We will be on Twitter, Instagram, Facebook, and LinkedIn using the primary hashtag #LatinaEqualPay and secondary hashtags #Trabajadoras, #EqualPay and #LatinxEqualPay. A toolkit including educational resources, sample promotional tweets, info-graphics, and memes can be found at http://www.latinaequalpay.org/.

Latina equal pay day

Click on the picture to find out how to join in the Call to Action – Latinaequalpay.org

People are overly optimistic about the state of Latinas 

Over four in ten white men think obstacles to advancement for Latinas are gone, but just 32% of Latinas agree. Moreover, nearly 62% of people who are not Latino think that racism, sexism, or both are uncommon in their company. Yet 51% of Latinas say they’ve experienced discrimination at work taken from a Survey by SurveyMonkey conducted on March 22-27, 2018.

This reality is what Latina’s in the U.S. face every day, and it’s holding us back from reaching our highest ambitions and our toughest goals.

2020 Latina Equal Pay Day

Is it because Latinas choose worse paying jobs? 

Many people think the gap exists because Latinas choose worse paying jobs. A third of Americans believe the gap occurs because Latinas work in occupations that don’t pay as much – and four in 10 white men think so. Only 20% of Latinos agree with that assessment yet when Latinas are in the same careers as white man they are paid significantly less. It is important to note that Latinas are overrepresented in low-wage jobs, and underrepresented in high-wage. What is frustrating for me is that they are still paid less than white men in the exact same jobs, even when they have high-wage jobs.

The unfortunate double discrimination

Latinas face unique challenges in the workplace. They are subject to biases for being women and biases for being people of color. This kind of double discrimination can intensify common biases faced by Latinas, but it can also play out in distinct forms of bias not faced by women more broadly.

latinas equal pay day

Read the new report from Lean In and McKinsey & Company https://womenintheworkplace.com

Turn Awareness into Action

These stats are pretty upsetting. We cannot sit back and let this go unnoticed. Obviously, we still have a long way to go to close this wage gap for Latina women. There are ways for all of us (not just Latinas) to fight this wage gap. Here are just a few call to action provocations.

  • Many Equal Rights Advocates are taking the lead on implementation and enforcement efforts related to the Fair Pay Act. Find out who they are in your city.
  • Vote at this year’s election on November 6.
  • Tell your representatives in Congress to vote for legislation that will close the Latina Wage Gap.
  • Read and Share the LeanIn.org & McKinsey annual study on Women in the Workplace
  • Support your Latina co-workers & friends (If you don’t have one, connect with me on LinkedIn or Instagram)

You can also turn awareness into action by joining a Lean In circle and taking strides toward a more equal world. Lean In Circles are small peer groups that meet regularly to share ideas, gain skills, seek advice, and show solidarity. They’re a place where women can be unapologetically ambitious. Being in a circle has allowed me to ask for what I want and to aim higher. I am supported by a whole world of powerful women.

This article was also published on LinkedIn On October 31. 2018 and has been updated to October 29, 2020. 

 

 

Latinas Equal Pay Day

How Latinas Equal Pay Day 47 percent pay gap hurts big business

Latinas Equal Pay Day is not a day of celebration but a day of action. Blog contributor Corine Sandifer covers thoroughly the facts on this important issue and the actions to be taken to close this 47% pay gap that hurts Latino families, and follow Latinas into retirement. Also, it hurts the general market as Latinas make 82% of household decisions -hence diminishing their opportunity for financial planning, sending their children to college and making other important purchases like homes purchases and health coverage. The gap also follows them into retirement. 

November 1 is a recognized day for women like me. It’s Latina Equal Pay Day. A day to bring awareness to this inequality in the U.S. As the host of Rising Stories Podcast and Regional Leader for Lean In Tennessee, I want to share some data today from Lean IN.org on the pay gap for Latina women and the implications it has had on our futures and our families. Please read the data, let it sink in and then read the call to action.

November 1 is Latina Equal Pay Day

Latinas have to work all of 2017 and until this DAY in 2018 to catch up with what white men earned in 2017 alone. Even when you take factors like education, experience, location, and occupation into account, a large part of the pay gap remains. According to the Economic Policy Institute, Latinas are paid less than white men in the same jobs. Latinas are paid $0.53 for every $1 that white men earn, leading to a pay gap for Latinas of 47%. To understand why the pay gap is a crucial issue for Latinas and families, it helps to understand how the pay gap is calculated. The pay gap is calculated by gathering the median annual earnings for full-time year-round workers and breaking it down by race-ethnicity for the given year. Then, the median annual earnings for Latinas are taken as a percentage of white male earnings.

47% counts for everyone

When Latina women are paid less it impacts their ability to buy groceries, pay for childcare, afford rent and tuition… all the costs that go into supporting a family. 47% counts for each and every Latina facing this pay gap but also for their families and dependents. Lower earnings for Latinas means less money for their families, especially since many Latinos are the main breadwinners for their household. 85% of Americans think it would be a major problem or crisis if they earned 40% less money. Yet compared to white men, Latinas face a larger pay gap every day. This amounts to over one million dollars lost over the course of a typical career. This also translates to nearly 4 years of groceries!

 

Latinas Equal Pay Day

Corine Sandifer Regional Leader Lean In Nashville/Tennessee, Rising Stories Podcast Host, Senior Coach

People are overly optimistic about the state of Latinas 

Over four in ten white men think obstacles to advancement for Latinas are gone, but just 32% of Latinas agree. Moreover, nearly 62% of people who are not Latino think that racism, sexism, or both are uncommon in their company. Yet 51% of Latinas say they’ve experienced discrimination at work taken from a Survey by SurveyMonkey conducted on March 22-27, 2018.

This reality is what Latina’s in the U.S. face every day, and it’s holding us back from reaching our highest ambitions and our toughest goals.

Is it because Latinas choose worse paying jobs? 

Many people think the gap exists because Latinas choose worse paying jobs. A third of Americans believe the gap occurs because Latinas work in occupations that don’t pay as much – and four in 10 white men think so. Only 20% of Latinos agree with that assessment yet when Latinas are in the same careers as white man they are paid significantly less. It is important to note that Latinas are overrepresented in low-wage jobs, and underrepresented in high-wage. What is frustrating for me is that they are still paid less than white men in the exact same jobs, even when they have high-wage jobs.

The Unfortunate Double Discrimination

Latinas face unique challenges in the workplace. They are subject to biases for being women and biases for being people of color. This kind of double discrimination can intensify common biases faced by Latinas, but it can also play out in distinct forms of bias not faced by women more broadly.

Latina Equal Pay Day

Corine Sandfers and her Latinas Lean group

Turn Awareness into Action

These stats are pretty upsetting. We cannot sit back and let this go unnoticed. Obviously, we still have a long way to go to close this wage gap for Latina women. There are ways for all of us (not just Latinas) to fight this wage gap. Here are just a few call to action provocations.

  • Many Equal Rights Advocates are taking the lead on implementation and enforcement efforts related to the Fair Pay Act. Find out who they are in your city.
  • Vote at this year’s election on November 6.
  • Tell your representatives in Congress to vote for legislation that will close the Latina Wage Gap.
  • Read and Share the LeanIn.org & McKinsey annual study on Women in the Workplace
  • Support your Latina co-workers & friends (If you don’t have one, connect with me on LinkedIn or Instagram)

You can also turn awareness into action by joining a Lean In circle and taking strides toward a more equal world. Lean In Circles are small peer groups that meet regularly to share ideas, gain skills, seek advice, and show solidarity. They’re a place where women can be unapologetically ambitious. Being in a circle has allowed me to ask for what I want and to aim higher. I am supported by a whole world of powerful women.

You can join our circle here or by visiting Lean In org circles to find a circle and network near you.

This article was also published on LinkedIn On October 31. 2018