Older woman and younger Employees with sponsors are paid an average of 11.6 percent more than those who lack them, while men with sponsors make 12.3 percent more than women with sponsors. (Photo: Shutterstock)

In an ideal world, men and women would be paid fairly as a matter of fact. But in reality, women in many industries are paid less than men. And one possible solution, unfortunately, stems from the same biases that contribute to the discrepancy.

According to a recent PayScale report, while it helps a person’s career a great deal to have a mentor, having a sponsor can be more financially beneficial. In particular, a white male sponsor.

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Marlene Satter

Marlene Y. Satter has worked in and written about the financial industry for decades.

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