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The article More Employers Addressing Pay Equity examines the expanding pattern of companies addressing pay equity and closing wage discrepancies between employees. According to the article, some businesses are currently adopting proactive measures to guarantee that all their employees receive equitable compensation, regardless of their gender, color, or other characteristics (Kalser, 2023). Pay audits, which are intended to locate and address any pay inequalities, are employed to accomplish this. In addition, the article highlights the role human resource managers play in tackling pay equity. The formulation and implementation of policies and processes that guarantee fairness and equity in the workplace are the responsibility of HR managers, who specialize in compensation and benefits. This includes monitoring pay levels and conducting regular audits to identify and correct any disparities. By taking a proactive approach to pay equity, companies can create a more diverse and inclusive workplace, which can help to boost morale and increase productivity.
The article relates to my class on compensation and benefits management since it stresses the significance of justice and equity in the workplace. In class, we have discussed the various factors that can impact an employees pay, including education, experience, and performance. However, the article demonstrates that even with these factors in mind, it is still possible for pay disparities to occur. This highlights the importance of performing regular pay audits to ensure that all employees are paid appropriately for their work. In conclusion, the article serves as a helpful reminder of the crucial role pay and benefits play in attracting and keeping employees. Employers need to take the initiative to address pay equity concerns and ensure that everyone is appropriately compensated for their contributions. This is crucial for the success of the company as a whole, including the well-being of the workers.
Reference
Kalser, L. (2023). More employers are addressing pay equity because its the right thing to do. HR Dive. Web.
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