More than half of Fortune 500 firms have more than one female corporate officer and two
have women chief executive officers, according to a study by Catalyst, a research
organization based in New York. Among the privately held firms that make up the Inc. 500,
8% are run by women. In addition, the Small Business Administrations Office of
Womens Business Ownership reports that women own nearly 40% of all firms in the U.S.
While some of these statistics may still seem woefully low, women executives are making
strides in corporate America, and the Web has many career-related resources to assist
them.
A good starting point for online information and resources for businesswomen is a
directory-type site like Yahoo!. You
also can search using a targeted directory such as Women.com.
While most directories include news, business, careers, and society and culture
categories, womens sites often cover additional topics, including health, money and
financial planning and more focused career issues such as re-entering the workforce and
work/life balance. Youre also likely to find job listings from employers targeting
women applicants and links to other resources specifically for women, such as job banks
and career information.
Networking Online
Many womens sites also help you network by connecting you to other women in chat
areas and forums.
"Networking keeps you in touch with those who can help you with your career and is
the most effective means for creating opportunities for advancement and growth," says
Jane Hardy, president of Career
Resources Inc., a career counseling and outplacement firm in Nashville, Tenn.
"Women help women, making a real effort to support each other professionally and
personally."
Professional associations are other sources you can find online for developing
networking contacts. Locating lists of associations and organizations isnt difficult
if you use such directories as the American Society of Association Executives or the Scholarly Societies Project. Yahoo! also maintains a list of professional
organizations. These listings are keyword searchable, so if youre targeting
associations dedicated to women in specific fields -- Women in Technology International, for example -- use keywords such as
"women," "woman," "feminist" or even "ladies" to
locate them. You also can search for more general professional associations that can
provide opportunities for networking, such as the Institute for Electrical and Electronics Engineers.
If you find several associations for your field, you may have difficulty choosing among
them. Frances Quittel, careers columnist for Computerworld and creator of the Careerbabe web site, suggests thinking about how much time you can
devote to these organizations. "If you have limited time, then join the organization
which will offer you the most opportunities for professional growth and advancement,"
says Ms. Quittel.
When looking for associations, also consider that womens associations attract
employers who are eager to recruit women. And while most associations offer professional
development seminars through local chapters and national conferences, womens
organizations also may offer lifestyle and leadership seminars and mentoring programs.
Women often cite mentoring as a factor in their career success.
Finding Employers
Everyone wants to find an employer who provides opportunities for growth and
advancement. You could spend a lot of time researching individual employers, looking for
evidence of family-friendly and other supportive policies and initiatives, but its
easier to tap top-employer lists on the Web. Check Working Mother magazines annual
"100 Best Companies for
Working Mothers". Theres also Working Woman magazines "Top 25
Companies for Executive Women" as well as the "Working Woman 500," the top
500 women-owned businesses in the U.S.
You also may find helpful the "Most Admired Companies" and "100 Best
Companies to Work For" lists, both from Fortune magazine.
Companies that are members or sponsors of womens organizations may be good
choices as well. Catalyst lists
its corporate members on its web site, and membership in this organization is an
indication of a companys commitment to the professional development and advancement
of women.
If the employer youre considering isnt listed on these sites, check if its
women employees have moved up the corporate ladder. "If there are women in mid to
senior levels, this could be a good indication that opportunities for advancement will be
available to you, too," says Ms. Quittel.
Surfing for Pay and Perks
In 1998, Catalyst reported that top-earning women corporate officers earn 68 cents in
salary and bonus to every dollar earned by top men. To minimize this disparity,
"its important that [women] know not only what the going rates are for men in
the industry at these levels, but that we also are aware of the bonuses and other perks
which create the total compensation package," says Ms. Quittel.
The Internet offers an abundance of
information. Begin by reviewing resources such as Working Woman magazines annual
salary survey. Many professional associations also collect salary information and publish
it on their Web sites. JobStar
links to more than 150 surveys for various industries and disciplines.
However, base salaries are just part of the compensation picture. A total compensation
package includes other payments, perquisites and benefits, including stock options,
severance packages, paid travel for a spouse or a chauffeur and limousine. Such executive
compensation information can be found in the proxy statements that publicly held companies
are required to file with the Securities and Exchange Commission (SEC) on form DEF 14A.
These are available through the SECs Electronic Data Gathering, Analysis and
Retrieval (EDGAR) system.
To find these documents, use the EDGAR Quick Forms Lookup, select either DEF or 14 from the list of
forms and enter a company name in the box. Select the most recent DEF 14A from the list
and use the "find" command in your web browser to search for the word
"compensation."
For more information about executive compensation packages, check the WorldatWork web
site. It devotes a section to executive compensation, which includes articles from its
publications and links to other reports and resources. You also can review information
from the Employee Benefit Research Institute
and articles on executive compensation from Forbes magazine.
Another important aspect of compensation is being able to negotiate and ask for what
you want. Researching salary and compensation issues will build your confidence
"because youll have the ammunition you need to support your request," says
Ms. Hardy.
-- Ms. Riley Dikel is an Internet job-search and recruiting
consultant in Rockville, Md., and creator of "The Riley Guide," a directory of Internet job-search services.
She is also an author of "The Guide to Internet Job Searching" (1998, NTC/VGM
Career Horizons Publishing).