Gender equality and pay equality are not only female issues theyre social and economic issues if we do get this right we have an opportunity to add more than 43 trillion to the us gdp by. In its strictest sense closing the pay equity gap means eliminating differences in pay that cannot be explained by appropriate reasons like role location performance or tenure providing equal pay for equal work a pay equity gap exists when there are differences in pay not related to these factors and further one class of employees commonly women are disproportionately affected. Theres a common misconception that unequal pay and the gender pay gap are the same thing but they are actually quite different equal pay men and women paid the same amount for doing the same work good to know a legal requirement in new zealand since 1972 pay equity men and women paid the same for doing work of equal value. The gender pay gap or the gender wage gap is a metric that tells us the difference in pay or wages or income between women and men its a measure of inequality and captures a concept that is broader than the concept of equal pay for equal work
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