Pay Equity

Pay equity refers to the principle that individuals should receive equal pay for work of equal value, regardless of gender, race, or other characteristics. It emphasizes fair compensation based on the responsibilities and skills required for a job, rather than personal attributes. This concept seeks to eliminate wage disparities and ensure that all workers are rewarded fairly for their contributions. Addressing pay equity often involves assessing wage practices, implementing transparent pay structures, and promoting diversity, ultimately fostering a more equitable workplace where everyone is valued for their work.