Factors That Impact Pay Inequity - 2331 Words

Assessment of the Factors that Impact Pay Inequity in America Name Institution Assessment of the Factors that Impact Pay Inequity in America The widening inequality in income has progressively grown to become a defining challenge in the contemporary society. Now more than ever, the gap that exists between the rich and the poor is at its all-time high in decades, particularly in the developed economies. Emerging markets and developing countries (EMDCs) have more mixed inequality trends where some countries have seen drops in levels of inequality, but pervasive inequality trends continue to remain in access to vital sectors like healthcare, education, and finance. The degree of inequality, therefore, does not come as a surprise, nor the driving forces behind it, and the possible solutions to the problem are currently some of the most fiercely debated issues by researchers and policy makers alike. A great number of literature points to the fact that there is a considerable discrepancy in the wage structure in the United States. Wage differential determined by educational level, gender, socio-economic status, race or ethnicity and technical factors like experience; in particular, all rose significantly. Likewise, other determinants like the residual wage – that is the dispersion of wage within a skill or demographic group – also increased simultaneously. This growth in wage inequality stems from several factors such as the transformations in non-wageShow MoreRelatedCase Study: Salary Inequities at Acme Manufacturing1180 Words   |  5 PagesWhen it comes to developing strategic pay plans it is important to have a good understanding of some basic factors to determine pay rates. Employee compensation is â€Å"all forms of pay going to employees and arising from their employment† (Dessler, 2013, p. 352). According to Dessler (2013), it consists of both  "direct financial payments and indirect financial payments.† As we explore the case study of Acme Manufacturing, we will see the salary inequities and the struggles that the newly appointed presidentRead MoreThe Importance Of My Former Employer As The Target Company Essay1311 Words   |  6 Pagesnegative impact on the company’s image, let’s called it â€Å"ABC.† This is a computer distribution company with various office and warehouse locations throughout the US, Canada, and Mexico. It has approximately 520 employees. The reason I selected ABC to analysis because I see a tremendous shift in employee morale, especially for the last eight years while employed with the company. In my opinion, this may be one of the primary cause for ABC to continue losing market share. Problem: 1. Inequity existsRead MoreA Historical Perspective: The Wage Gap1586 Words   |  7 Pagesunited states. Before American women’s’ work history is surveyed, it is first important to address why unequal pay matters to develop a common lens for understanding. As an example, on average, an American, thirty-five year old woman may earn $37k whereas a man of equal age, education, and position will earn $50k. This difference in earnings is $13k. Over the course of one year, the impact on the quality of life (housing options, quality groceries, and access to healthcare) as well as possibilitiesRead MoreEquity Theory of Motivation1730 Words   |  7 Pagescompetence) and their outcomes (for example salary level, raises, recognition) with those of referent others and then respond to eliminate any inequities†(Robbins Judge,2007,p.205). This theory states that â€Å"an individual who perceives that she or he is being treated unfairly in comparison to others will be motivated to act in ways that reduce the perceived inequity†(Campling,Poole,Wiesner,Schermerhorn,2006,p.394). An individual should feel a fair balance of what he/she puts into the jobs and what he/sheRead MoreDoes Race / Ethnicity Impact Pay Inequity?1805 Words   |  8 Pageswill aide in providing detail and facts that correlate with how the (x) variables impact pay inequity. 1. Is gender a factor in the equity of pay in the American workforce? 2. Does your socio-economic status have anything to do with pay inequity? 3. Does your education level factor into pay inequity? 4. Does race/ethnicity impact pay inequity? 5. Does the occupation and or industry you work in play a role in pay inequity? Theoretical Framework This research is developed and built on the framework ofRead MoreEconomic and Social Progress in Canada1720 Words   |  7 Pagesresulting in continued political disenfranchisement and a lack of attention being paid to remedying the situation. Economic disparity refers to unequal pay between men and women in the labor market, economic dependency of women, and differential degrees of wealth and poverty. Social disparity refers to gender bias, sexism, and other sociological factors. Although Canada continues to rank relatively high in terms of most measures of gender parity, the nation can and should do more to ensure politicalRead MoreJob Satisfaction And Marginal Rate Of Substitution1307 Words   |  6 Pages 1 INTRODUCTION There are a few factors that determine an individual’s well-being as essential as income. Income is paramount to live a sufficient lifestyle for self and those who are dependent on us. Income is a stable aspect of job to the workers, organizations and the society in general. Income has huge role to play in determining the behaviors, attitude and perceptions of individuals in an organization and this can be a major driver of organization behavior. Using utility theory, in particularRead MoreOrganization Behavior : It Isnt Fair1707 Words   |  7 Pageswithin the list. The last among the content theories is the Two-Factor Theory. This theory states that motivator factors are the source of job satisfaction and hygiene factors are the source of job dissatisfaction. When hygiene factors are minimal, such as the job context and work setting, job dissatisfaction will increase. When motivator factors are minimal, such as the job content, motivation and performance will decrease. These factors influence different dimensions but are nonetheless correlatedRead MoreAsset Inequities Of Black Sexual Minority Essay1431 Words   |  6 PagesThe Asset Inequities of Black Sexual Minority Women’s Health An anthology edited by, Hull, Bell-Scott, and Smith (1982) titled, â€Å"All the women are White, all the Blacks are men, but some of us are brave† succinctly captures the ubiquitous pairing of women with Whiteness, Blackness with men. I would go further and argue that sexual minorities experience both gendered (maleness) and racialized (whiteness) coupling. Rendering the experiences of those who are Black, women and sexual minorities invisibleRead MoreHow Government Should Spend On Healthcare Is Dependent On The Economic Situation1538 Words   |  7 Pagesindicators: on average Guineans live 34 years less than their Canadian counterparts. Why are there so many issues – especially related to inequality – with the Guinean healthcare system? The answer lies in the impact Guinea’s lackluster economic development has had on her health sector. One key factor is expenditure. There are three categories: government (which goes into directly supplied healthcare services as well as towards national health insurance schemes), private (which is split between out-of-pocket