wage equity

Wage equity refers to the fairness of pay among employees performing similar work or with comparable skills and experience. It aims to ensure that individuals are compensated appropriately without unjustified disparities based on gender, race, or other non-performance factors. Achieving wage equity promotes a fair workplace, attracts and retains talent, and supports diversity. Organizations often review and adjust salaries to address any inequalities, fostering transparency and trust. Ultimately, wage equity ensures everyone is paid fairly for their contributions, promoting a more just and equitable working environment.