Implement Pay Equality In The Workplace
Posted on: 8 August 2019
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Financial insecurity is a long-running problem associated with a gender pay gap. Both men and women should be paid equally, based upon their tenure, experience, and job responsibilities. Although inequality among men and women has become less of a problem over the last couple of decades, there are still many instances in which a gap is apparent. Do you know that your employees are being paid fairly or have you received complaints concerning discrimination? If so, perform a pay gap analysis.
Why Should You Explore This Problem Now?
You may think that a problem doesn't actually exist or that only a couple of people seem to have an issue with the pay scale that you use and that they are merely trying to cause conflict in the workplace. Unhappy employees may lead to poor work performance, and if more people become aware of a potentially discriminatory practice that is being upheld, you could even lose some of your workers. Another drawback is that anyone you hire from this point forward may also be subjected to unequal pay.
As a result, additional complaints and work-related problems could occur at some point in the future. Why take chances with the happiness of your employees? If you choose to analyze a pay gap now, individual issues with pay can be addressed. Additionally, you can implement changes in your pay scale, which will mean that new hires will be paid fairly from day one.
How Are Salaries Compared?
You don't need to crunch numbers or look through detailed reports to determine if your pay scale is fair. Hiring an outside source to assist is also not necessary. With a pay gap analysis tool, you will be armed with the equations that are needed to analyze each person's pay. An online tool will allow you to input numbers that relate to each person's yearly income, hourly rate, and length of time employed. After the information is submitted, you will be provided with an analysis report.
If any problems exist, they will be pointed out and you can make adjustments to salaries directly through the tool. Once you have adjusted your payscale, hold an employee meeting to address your findings and the modifications that you have made. Your employees will appreciate your honesty and will be pleased that they are being paid appropriately. An analysis tool should be used routinely to ensure that your payscale maintains its consistency with the proposed changes.
For more information, contact a company that offers pay gap analysis services.