The concept of pay equity was established when it was observed that female occupations had been undervalued over a period of time. Pay equity helps in eliminating this discrimination.
It essentially involves 4 steps:
Hence, this concludes the definition of Pay Equity along with its overview.
This article has been researched & authored by the Business Concepts Team. It has been reviewed & published by the MBA Skool Team. The content on MBA Skool has been created for educational & academic purpose only.
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