Why should HR Leaders care about Gender Pay Gap?
HR officials of a workplace must take care of the pay gap in their workplace for the following reasons:
1. Employees Losing the Interest: If there is a high pay gap between genders, then employees who are paid less won’t show much interest and retention because they won’t get motivation as they are paid less, which will have direct negative effects on the company.
2. Loss of Reputation: Organisations having a high pay gap will face problems, such as loss of talent and reputation because top employees love to work in organisations where they have fair policies and no discrimination.
3. Legal Obligation: It can lead to legal risks for companies as a big gender gap is not only unfair but also illegal in many countries the Equal Remuneration Act, of 1976 in India prevents the discrimination on basis of gender.
4. Cutting the Poverty: It could reduce poverty and help in improving the living standards of women and their families.
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