Friday, May 9, 2008

What's a mom's work worth? Try six figures $126,593.00

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What's a mom's work worth? Try six figures

Compiled by Terry Brodie

What's a mom's work worth these days? A tidy annual $126,593 for those who stay at home, and $74,101 for those who work outside the home, according to Salary.com Inc.

The on-line compensation firm based its calculations on the time mothers put into 10 roles that it calls the most popular "mom job functions."

They are, in order of hours spent each week: housekeeper, day-care centre teacher, cook, laundry machine operator, computer operator, psychologist, facilities manager, van driver, chief executive officer and janitor.

Similar calculations in the United States put the stay-at-home mom's compensation at $116,805 (U.S.) and the working mom's pay at $68,405, according to Salary.com's eighth annual assessment of the value of a mother's work.

The biggest driver of the six-figure salary: the amount of overtime moms work. It calculated that stay-at-home moms put in an average 94.4-hour workweek, half of that clocked in as overtime. Moms who work outside the home put in an average 54.6 hours on top of their paying jobs. All told, overtime averaged out to 54.4 hours a week, Salary.com said, basing all of its calculations on reporting by 18,000 moms.

Moms would swap money for more time with kids

How much would working moms give up to have more time to spend with their families? Forty-three per cent would take a pay cut - and 34 per cent of them would give up 10 per cent or more, according to a survey of 880 full-time employed mothers surveyed by online job site Careerbuilder.com.

And just over half - 51 per cent - of those with more than one source of income would give up their job if their other half made enough to support the family.

Time still seems to be in short supply: More than one-third of working moms said they spend fewer than three hours a day with their kids. As well, 27 per cent said they had missed two or more significant events in their child's life in the last year, and 17 per cent missed three or more.

Even when home, work can get in the way. One in five said they bring work home every workday while 16 per cent said they bring work home at least three days a week. Almost a quarter said that work had negatively affected their relationships with their children and more than 25 per cent said they're dissatisfied with their work/life balance.

Majority of working moms burn the midnight oil

It's no wonder moms wish for more time with their kids: Seventy-one per cent of working moms say they work late and respond to e-mails after hours, nearly the same proportion as the 73 per cent of women who aren't parents, a new survey from staffing company Adecco USA finds.

Nearly half - 49 per cent - say their companies should do more to help them build better work/life balance, the online survey of more than 2,100 U.S. workers found.

And 71 per cent of working moms find it more difficult to manage family than career, the reverse chosen by just 29 per cent. Still, the two can work together: 59 per cent of the working mothers said that becoming a parent had not affected their career path while 15 per cent said it had had a negative effect.

Tough for new moms

to re-enter work force: poll

Meanwhile, moms who leave the work force still have a tough time re-entering it, according to more than three-quarters - 76 per cent - of executives surveyed by executive recruiting firm Korn/Ferry.

In fact, almost half - 49 per cent - consider it more difficult for female executives to return to work now than it was five years ago.

One possible reason: a lack of flex-time opportunities. Nearly half - 49 per cent - of the executives surveyed said flex-time is not offered to new mothers at their companies, even though 69 per cent rank flexible work schedules as the most valuable benefit for working parents. That was followed by telecommuting, cited by 17 per cent, and on-site child care, picked by 12 per cent, according to the executives canvassed in more than 50 countries for Korn/Ferry's most recent executive quiz.

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