The “Gender Pay Gap” is the disparity in average earnings between men and women in the workforce. This gap is typically expressed as a percentage of men’s earnings and reflects the differences in compensation received by male and female employees. It arises from various factors, including job roles, levels of experience, and hours worked, but also reveals deeper issues such as unequal opportunities for advancement, occupational segregation, and potential biases in hiring and pay decisions.
For example, if a company finds that women earn $0.80 for every dollar earned by men, this indicates a 20% gender pay gap. Addressing this issue often involves implementing fair pay practices, conducting regular pay audits, and fostering an inclusive work environment to ensure that all employees are compensated equitably based on their skills and contributions, regardless of gender.
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