This is the era when gender inequality and every topic related it is being focused upon, and structured steps are being taken to solve the issue. The problem has indeed been brewing for thousands of years, but taking even one step today can eliminate it in the future. The whole world is not only looking at fixing the gender pay gap but towards a better future for women as well.
It has been proven time and again that, financial freedom and stability is crucial for the standard of life of every woman. A woman who earns gets to have a better say in almost everywhere in life. This is why; more and more women have been getting into the workforce and earning their livelihood. This could have been a joyous occasion, only if there wasn’t the pay gap between men and women.
Sadly, the society in almost every country, baring a few indigenous communities, discriminate against women in every way it can. A woman gets paid less for the same work as her male counterpart. This discrimination has been there since the beginning, and despite the slow change in various industries, has remained a prevalent trait. There are multiple reasons for the pay gap, beginning from racial bias to maternity to age to career breaks and such. The biggest problem is the outlook and practices of society.
The difference between the average hourly wage of a man and woman is not only stunning but hard to believe even when the first two decades of the new century have almost gone. The gap in this income varies from country to country. In some places, the gap is noticeable and hard to bridge. In other places, the gap is comparatively minuscule, but it is there. If you own a business are employ both men and women and pay them different amounts, then this is a subject you need to focus on now.
You may think that you are only following the standard practices of the society and there isn’t much you can do. If this is the way you have been thinking so far, then it is time to become aware of a few facts. By ignoring this glaring discrimination, you are not only neglecting your duty as a human being but are also harming your business. Yes, the gender pay gap is hurting your business, and you are not even aware of it.
The following points will show you how your business and company is suffering because of the payment discrimination existing between men and women:
If all these issues are fixed, your business will become a beacon of hope in the industry, which will be quite beneficial for the future of the company and you.