Why to tackle the gender pay gap?
Unequal pay
is a big issue for women in the workplace and the disparity is generally worse
for women of color. The companies should take steps to embed equal pay
efforts and review hiring and promotion practices to reduce unconscious bias
and structural barriers. One of the issues with equal pay is that it lacks
transparency, so there is typically no easy way as an employee to find out
whether your salary is fair and in line with male colleagues doing the same
job.
Equal pay
act states:
"No employer having
employees subject to any provisions of this section [section 206 of title 29 of
the United States Code] shall discriminate, within any establishment in which
such employees are employed, between employees on the basis of sex by paying
wages to employees in such establishment at a rate less than the rate at which
he pays wages to employees of the opposite sex in such establishment for equal
work on jobs[,] the performance of which requires equal skill, effort, and responsibility, and which are performed
under similar working conditions, except where such payment is made pursuant to
(i) a seniority
system; (ii) a merit system;
(iii) a system which measures earnings by quantity or quality of production; or
(iv) a differential based on any other factor other than sex."
The gender
pay gap is difficult to measure as it is falsely framed and don’t capture
the finer points of the gender pay issue such as follows:
1. They compare
men and women of different jobs and pay-grades i.e. they don’t compare equal
work.
2. They don’t
consider gender occupational segregation.
3. They
represent old data.
Ways to
narrow the gender pay gap:
- Develop negotiation training for all employees. This will help them to learn valuable skills and perform better.
- Aim for equity pay for one new employee at a time by adjusting inequitable salaries.
- Attract diverse talent. Don’t hire homogenous leadership teams because when a workforce becomes similar in its thinking, it closes the door on creativity.
- Research market rates for salaries.
- Promote gender pay gap exclusive policies. Mention your company’s maternity and paternity benefits and remote work options.
Benefits of
narrowing the gender pay gap:
- Recruit and retain the best employees
- Create a positive work environment and gain the confidence of their employees
- Make the best use of human resources and improve productivity and competitiveness
- Better public image and higher shareholder value and a wider and more satisfied customer base
- Gives greater profitability to the economy as a whole
- Promotes social justice and equal opportunities
The gender
pay gap grows through a small series. The awareness and the drive to make
small changes will go a long way in narrowing the gap because the rewards
of an equally-paid workforce are huge. It will make you more equitable, diverse
and profitable company if you narrow your gap and treat your female employees
fairly. Closing the gender pay gap can help to create a more equal and
cohesive society. Valuing women's work and skills will motivate their
performance and improve their economic independence.
About Talent Corner
Rohini Shendre
Digital Marketing Executive
Talent Corner HR Services Pvt Ltd
About Talent Corner
Talent Corner H.R. Services is a professional human resources consultant providing innovative recruitments solutions to the corporate world. Incorporated in 2002, Talent Corner has now grown into one of India’s top HR Services Companies with Over 150 employees in Offices and located at 10 Locations across the country. We are currently serving over 900+ clients in diverse industries.
We are providing recruitment services in Bangalore, Chennai, Delhi, Hyderabad, Pune, Kolkata, Rajasthan, Gujarat, & Cochin. In a Dynamic Business World, Standardized Business Solutions don’t Often Work. Therefore we offer customized Recruitments and Executive Search Solutions for Companies across industries. Visit our website to know more about us at: http://talentcorner.in
Apart from High Quality Recruitment Services, Our Industry Demands “Ownership” in Business. Thus in Order to Scale, we have Developed a Unique Recruitment Franchise Opportunity to harness your Entrepreneur Aspirations. To know more about our recruitment franchise opportunities, visit : http://talentcorner.in/franchise-at-talent-corner
We are providing recruitment services in Bangalore, Chennai, Delhi, Hyderabad, Pune, Kolkata, Rajasthan, Gujarat, & Cochin. In a Dynamic Business World, Standardized Business Solutions don’t Often Work. Therefore we offer customized Recruitments and Executive Search Solutions for Companies across industries. Visit our website to know more about us at: http://talentcorner.in
Apart from High Quality Recruitment Services, Our Industry Demands “Ownership” in Business. Thus in Order to Scale, we have Developed a Unique Recruitment Franchise Opportunity to harness your Entrepreneur Aspirations. To know more about our recruitment franchise opportunities, visit : http://talentcorner.in/franchise-at-talent-corner
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