Pay Equity
As American business enters the 21st century the issue of unequal pay for equal work continues.
The course of attaining the objectives of just wages for all workers by eradicating the wage disparities between men and women workers is known as pay equity. It necessitates that the unequal jobs of comparatively same value to the employer is to be given the equal wages. Pay equity is considered to be a gender independent pay process that reduced wage inequity. (Policy Statement: Pay Equity) There exist considerable wage disparities between the employed men and women of America. Taking into consideration the educational and political progress of women the advocacy of the women to be in focus by a sexist society into the dominating female occupations seems to be absurd. Irrespective of the fact that more and more female are entering the top executive ranks in America they are to confront a considerable barrier: a wide wage disparity at the first sight in the Corporate America. (Edmonds, 1999)
1. Pay equity issues between men and women
Irrespective of the promulgation of Equal Pay Act ever since last four decades the wage disparities between men and women obstinately prevails. Women are still failing to earn equal pay for equal work only equal pay for comparable work. Such discrimination not only influences the spending capacity of women but also it costs their retirement security by entailing wide gulf between the social security and pensions. (Facts about Pay Equity) As per the study of 2004 conducted by the Institute for Women's Policy Research, on the basis of the U.S. Census Bureau and Bureau of Labor statistics, it has been brought out that woman employed full time only gets 76 cents in comparison to one dollar for a man in the same time. The real median income of women is observed to have reduced by more than half a million dollar i.e. $523,000 over the last four decades. Having a majority of 64 million women in the workforce the pay disparities have adversely affected many of the American families. (Pay Equity: American Association of university Women)
Families suffered from a loss of $200 billion in income per annum due to the wage disparities-which in an average is computed to be about $4,000 per family. Besides, wage disparities reduced the total earnings during the life time thereby decreasing the benefits of the women from Social Security. The wage disparities are not merely the consequence of the qualification or selection of women. As per a recent analysis conducted by the Government Accounting Office, the wage disparities perpetuates primarily as a result of enhanced educational achievement, increased strata of experiences in the workforce and reduced amount of time spared out of the workforce in rearing children. Irrespective of the fact that the number of the women presently acquiring baccalaureate and advanced degrees are estimated to be more than that of the men the median earning of a female college graduate was $17,600 less than those of their counterparts. (Pay Equity: American Association of university Women)
Taking into consideration additional work experience, the women acquires about 30 cents per hour for additional five years while that of white man earns additional $1.20 per hour. Women are engaged for more time in the workforce presently than earlier. About 61% of the women having children below the age of two years and about 78% of women having school-age children are seen to be employed. The time spared beyond the workforce is not sufficient for explaining the sustainable wage disparities that the women suffer from. (Pay Equity: American Association of university Women) The compilation of data by General Accounting Office from the Current Population Survey with regard to the ten industries that engage about 71% of U.S. women workers and 73% of the U.S. Women Managers. The disparities in pay between the full-time working women and men managers enhanced in between 1995 and 2000, in seven of the ten industries examined. (Facts about Pay Equity)
The wages of African-American women are only 65 cents in comparison to one dollar that of white men where as it is only 53 cents in case of Hispanic women. When the wages of the women are equal to that of the men working for the same hours and are having the same education, union status, are of equal age and reside in the same region of the nation then the family income per annum would be enhanced to $4,000 and the rate of poverty would reduce to 50%. The working families would increase their family income annually by $200 billion. The pay equity in female centered...
Pay Equity 1001 EHR Tutorial Exercise Week No & Date: Corrections/refinement during tutorial discussion - feedback (Done in class) What explanations are given by this alliance to account for the gender-wage gap? What evidence is used to support this? Is it convincing? Why or why not? You might also like to look at the submissions made to Fair Work as part of the equal remuneration case. Submissions were also made by employers and employer associations
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From the standpoint of the labor market, the lack of equity in the public system would continue to exist until the market force becomes united and demands a better protection of its rights. For now however, when the people fear the loss of their jobs and when the market place is saturated, the public employers are not pressured to implement equity. At the level of personal evaluation and job contributions,
AMSC had announced a letter of intent for secured debt financing in July of 2003 (AMSC 2003 Annual Report) when the stock was trading in the range of $8 per share. The blackout gave the firm's stock considerable momentum, and it finished the month of August up over 50% at $12.19 per share (MSN Moneycentral, 2010). Equity issues normally result in dilution of the stock price, since the issue
Equity, Cash Flow, And Notes Analysis for the General Electric Company Regarding the specific components of the Statement of Changes in Owner's Equity and Statements of Cash Flows, from line items to balances General Electric still stands tall in the public's estimation and in its international reputation as a pioneer of Six Sigma management policies regarding internal quality control. (Six Sigma, 2004) According to its annual report, GE Share owners' equity increased
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