What is Gender Pay Gap?
Gender Pay Gap means the difference in the average income paid to men compared to the average income paid to women in a workplace, which represents that there are unequal economic opportunities on the basis of gender. It is not only about unequal pay for the same job, but it’s about the overall earnings gap between men and women in the workforce. It takes into account various factors, such as differences in average hourly or annual wages, bonuses, and other compensation-related benefits.
Gender pay gap is a problem that existed for many years. Before 100-200 years, women were discriminated against and were not allowed to do jobs. But after that, laws were made, which allowed them to work. Still, the problem of the Gender pay gap exists till now. In many organisations, women are paid less in the same job.
Table of Content
- What is the Equal Remuneration Act, of 1976?
- Causes of Gender Pay Gap
- Why should HR Leaders care about Gender Pay Gap?
- How is Gender Pay Gap Calculated?
- How to Report Gender Pay Gap?
- What can HR Leaders Do to Reduce Gender Pay Gap?
- Why Should Eliminating Gender Pay Gap be a Part of Modern HR Strategy?
- Difference between Unequal Pay and Gender Pay Gap
- Frequently Asked Questions
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