Women constitute almost half of the workforce yet they earn only eighty cents to every dollar their male counterpart earns. This article provides strategies for narrowing the pay equity gap.
year of the National Equal Pay Day which was originated by the National Committee on Pay Equity in 1996. The event serves as a public awareness to the nation to illustrate the gap between men and women’s wages. Each year the day falls on a Tuesday to represent how far into the next work week women must work to earn what men earned the previous week.The Institute for Women’s Policy and Research reports that on average, women continue to earn considerably less than men.
Women constitute almost half of the workforce and companies that want to be competitive with a social conscious in the market place will be those that develop and implement programs to address the wage gap issue.1. Begin by conducting an annual review of the compensation of each employee within your organization. Compare the earnings of males versus females for similar positions or positions within the same salary grade. If you find disparities, make adjustments to correct inconsistencies.
2. Develop diversity sourcing strategies to locate more women applicants. Research your industry to find women groups to advertise your positions. For example, Women in Tech and Women in Technology International are two groups for women in the technology industry. When searching Google, build a Boolean search string to help your search efforts. Use “group OR club OR society Or membership” for sourcing applicants from these organizations.
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