What is a pay equity study?
A pay equity analysis, also called an equal pay audit or a pay parity audit, is a method of researching pay rates within your organization and assessing any differences in pay relative to age, race, gender, job description and responsibilities, seniority, and a wide range of other criteria.
What is the pay equity process?
Pay equity is equal pay for work of equal or comparable value. It requires comparing jobs typically done by women with different jobs typically done by men. Pay equity is not the same as equal pay for equal work.
What does equitable pay mean?
What is pay equity? The briefest definition of pay equity is the practice of compensating employees the same way for the same work, regardless of race, gender, disability, LGTBQ or other status. An equitable pay structure must also consider individual employees’ experience, education and level of responsibility.
What is the purpose of pay equity?
The purpose of pay equity is to address gender discrimination in compensating female job classes. If jobs are of equal or comparable value, then female jobs must be paid at least the same as male jobs.
What is pay equity analysis?
The goal of a pay equity study or analysis is to identify problems and ensure compensation practices are fair and equitable. The study should look for trends that identify disparate impact on wage rates. Data elements to include in the analysis are hire dates, hire rates, performance rating, merit increases, age, ethnicity,…
Why is pay equity important?
Pay Equity: What It Is And Why It’s Important. Pay equity is a method of eliminating gender and race discrimination when establishing and maintaining wages. Still today, many workers are separated into various jobs which are historically underpaid because of the gender and race of those occupying these positions.
What does pay equity mean?
Pay equity means equal pay for work of equal value. It is the fundamental human right of women workers to be paid wages that are free of the systemic gender-based discrimination that values and pays women’s work less than men’s work of comparable value. Pay equity requires employers to provide equal pay…
What is pay equality?
Pay equality, or equal pay for equal work, refers to the requirement that men and women be paid the same if performing the same job in the same organization. For example, a female electrician must be paid the same as a male electrician in the same organization.