The study was carried out by the Observatory of the Federation of Professions of Cordoba (Fepuc) with the participation of the Association of Women in Economics and Finance of Cordoba (Meyfin) in a new section on knowledge and financial behavior in the province.
The event, with a gender perspective, allows us to understand the current situation of professional women in the province:
1. Income gaps are sustained to the detriment of women: They receive 34% less income than men on average, and the difference rises to 36% when they work in the private sector. This difference is related to the difference in total revenue. The facts of the impossibility are directly related to working more than 9 hours a day.
As for doctors who work “individually”, their income is also 25% lower than that of those who are in a dependent relationship.
2. Vulnerable behavioral conditions: Unlike people, professionals are more prominent under working conditions, such as “place of service”, “informal work”, “low income”.
Three out of 10 women (29%) are in the lowest income fifth of the sector, while only one out of 10 men (12%) is in that segment. “They have less ability to handle fees,” admitted 37% of those surveyed.
3. The cover of dependency relationship: Hiring under the “local role” but complying with schedules and regulations occurs more frequently in professional women. 15% of them are in this condition and 6% in men.
This work is considered “precarious” because these people are required to comply with the same regulations as those who are in a “dependent relationship”, they are not entitled to vacations, bonuses, maternity leave, etc.
4. Monotributistas with low incomes: In the professional sector, the majority of independent professionals are “Monotributistas” (87%). Among women, 38% are recorded in the lowest categories (A or B) which show greater losses in the segment of independent professional workers.
5. Social security gaps: Independent women pay with greater effort for severance contributions, social work and insurance, among others.
6. A marked gender gap in economic affairs. The greater proportion of women in low-income strata also generates gender disparity in terms of economic status, saving capacity, knowledge and financial behavior.
Half of those who answered indicated that in the last 12 months their income was not enough to cover their expenses, but this percentage rose to 58% among professionals and was only 40% among people.
Either way, the level of income is a big determinant. The average income of those who do not burden is more than double that of those who do.
In order to face these difficulties, expenses and loans from friends and relatives were the main means of reduction. At the very least, they resorted to less healthy behaviors such as using credit cards for general consumption or procrastinating the payment of bills.
7. They could not save last year. In the professional area of Cordoba, 45% did not save last year. When this data is analyzed in detail, there is a wide gender gap, which is correlated with the level of income: 51% of the women surveyed said they could not save, while it was 36% of the men.
Traditional savings options are preferred: foreign currency (47%) and fixed term (36%). Only 12% of professionals prefer more sophisticated investment products, such as bonds, stocks and mutual funds, with defined types of gaps and with a level of return.
8. Be diligent in your personal finances. On a positive note, the sector shows a high level of concern and concern for their personal finances: they take care of their expenses, before they buy anything, and they warn themselves about these issues. In addition, they spend more or less than what they deserve, in addition to the respondents’ debts. No major gender differences are found in these cases.
Regarding products, there is a high level of knowledge and use of the main financial instruments and services: bank transfers, debit cards and savings / investment accounts (more than 90% use these).
The credit card is the most frequently known and used (78%, regardless of type), however, its use is greater among the highest income levels, both in physical purchases and online.
In cryptocurrencies, the percentage of knowledge is relatively high (only one third does not know) and the use is around 10%, in terms of income. In general, knowledge and use are greater in men (75% and 12%) than in women (62% and 5%).
Nora Vilches, president of FEPUC, concludes: “The reflexive response was not only represented in FEPUC’s surveys, but also by INDEC in its Permanent Hospitality Survey (EPH) designed for those with any profession, that is, full studies of the superiors. We have noticed that in the last 10 years the gap always exceeds 30%, that is, women earn 30% less than men. The results of today’s working conditions have revealed the need for solid regulatory frameworks that provide more balance in today’s labor market.”
For her part, Paula Martínez, president of Meyfin, the results of this first survey of economic resources show that the professional sector is not alien to the problems of other people. “On the other hand, there is a relationship between the use and knowledge of economic matters with the level of income, and there are also gender differences that relate to the fact that women earn less, on average. The percentage of people with financial difficulties who cannot and cannot save their expenses is much higher than what can be expected in the professional sector, although it is noted that care has a healthy attitude (such as establishing a budget. or trying to meet debts). Something similar in the rest of the population is also seen in the lower propensities of professional women to save and invest in tools that are a little more sophisticated,” he points out.
Full report: https://bit.ly/3JjkctB
Women’s leadership increased: 16 presidents of professional organizations in the province
It guarantees common participation, work, service and support with the type of transformations. In the last three years, the number of women at the head of professional entities has increased, from 10 in 2020 to 16 until 2023. These are the Presidents of Colleges, Councils, Professional Associations and the Federation that brings them together (. Fepuc).
Nora Vilches in Fepuc; Veronica Teresia Bianco in the College of Notaries; Teresita Bersano in the Council of Professional Economic Sciences, Maria Alejandra Deguer in the College of Civil Engineering; Carmen Rodríguez at the College of Engineering Specialists. Also Mónica Leonor Miras at the head of the College of Dentists; Nora Galán in the College of Psychologists; Silvia Ligorria in the Professional College of Biochemical Sciences; Maria José Verde at the College of Kinesiologists and Physicists.
In addition, Maricel Bruno in the Professional College of Bioimaging production; Rosana Forcato in the College of Nutritionists; Lorena Cecilia Crespo in the Declamation College of Therapists; Carmen González in the College of Social Work Professors; Liliana S. Martini in the College of Biologists; Liliana Lucero in the Association of Nurses and Fabiana Virginio Tasca in the Association of Occupational Therapists.