• Home
  • Blog
    • Business Partner Magazine Archive
  • Resources
  • About Us
    • Cookie Policy
    • Disclosure Policy
    • Privacy Policy
    • Terms of Website Use
  • Contacts

Business Partner Magazine

Tips and advice for entrepreneurs, start-ups and SMEs

  • News
  • Business Success
  • Marketing
  • Employees
  • Technology
  • Start-up
  • Productivity
  • Communication

Pay Equity and Why it Matters

January 6, 2021 by BPM Team

Click here to get this post in PDF

Too long to read? Enter your email to download this post as a PDF. We will also send you our best business tips every 2 weeks in our newsletter. You can unsubscribe anytime.

Enter your NameEnter your Email Address
People doing handshakes

Going to work is a drag for most people, but it needs to be done. Waking up in the morning, making a cup of coffee, and hitting the road to do the same thing for eight hours can be challenging. But bills need to be paid, and people have to eat, so it’s a necessary sacrifice for most people.

But they have to drag just as much and work just as hard for less money for some people. It is a shame that people are working just as hard and getting paid less, and when most people think of pay equity, they think of the wage gap between men and women. Even though it is very predominant and an issue, pay equity measures beyond the scope of just gender. It also hits people of color and age. 

Jobs Available 

When people think of pay equity, they will often think of the wage gap between men and women. Men get paid more for doing the same job is truly embarrassing, but it is not only women but also money. The positions available for people of color and females are drastically more limited than those of white men. 

This hurts the country’s economy because it takes away willing people from the workforce. Women who are eager and qualified to do the same job as men are immediately excluded. There are only so many capable people for specific jobs. By eliminating half of them strictly because of gender, it is hard to fill open job positions, thus decreasing the amount of cash flow through the business that can’t fill the positions. 

Productivity 

Even though jobs are more limited to people of color and women, if women, people of color, and men are all gathered in the same workplace, the white men will most likely get paid more. If one were to go and do a pay equity analysis, it is likely to show that the men receive higher pay. Thus, it is expected that women and people of color are likely to be less productive. Many people who get paid less will take the approach to work as much as they get paid, and reasonably so. 

Having this pay gap decreases worker productivity, and it again negatively affects the country’s money flow. If each person were to get paid the same amount, the company would produce more money, thus putting more cash into the economy. Not only is the wage gap hurting people, but it is also hurting the country. 

Overall, pay equity is extremely important, not only for the moral reason of working just as hard you should get paid the same amount, but it also negatively affects the economy and the people in America. Nothing good comes out of this wage gap we have between the working class. 

All it does is promote racism and sexism, and it drives good people, who could be a substantial addition to the working class, away from maintaining a job. People who are willing to work hard for equal compensation will gladly jump into the workforce, but they have too much respect for themselves to earn less than another person strictly based on race, gender, or age.

You may also like: Ways to Promote a Culture That Encourages Diversity and Inclusion

Image Source: Pexels.com

Filed Under: Employees, Mindset Tagged With: culture, employees, mindset

  • Facebook
  • Instagram
  • LinkedIn
  • Pinterest
  • Twitter
  • YouTube

Disclosure

We earn commissions if you shop through the links on this page.

Recent Posts

  • Enhanced Infrastructure, Connectivity, and Amenities Boost Property Values at Skye at Holland Condo URA Master Plan’s Impact
  • Huma Announces Partnership with Eckuity Capital to Accelerate M&A and Acquires Aluna
  • Hedra raises $32M to build the leading generative media platform for digital characters
  • How Pablo Gerboles Is Future-Proofing Business Operations
  • Stackpack Raises $6.3M to Solve the $475B Vendor Chaos Problem

Categories

Archives

Tags

Accounting bitcoin brand business growth business skills business success communication cryptocurrency Customer Service Data design Digital marketing ecommerce Efficiency employees Featured Article finance finances Health and Safety infographic insurance Investing investment legal legal services legal tips Management Marketing marketing strategy Outsourcing productivity property Real estate sales security SEO Social Media software starting a business startup Technology Trading Training website workplace

Innovation in Business MarTech Awards – Best SME Business Support Platform 2024 – UK

Innovation in Business MarTech Awards 2024 UK

CorporateLivewire: Innovation & Excellence Awards – Business Publication of the Year

CorporateLivewire: Innovation & Excellence Awards - Business Publication of the Year

Disclosure

We earn commissions if you shop through the links on this page.

Digital Marketing Agency

ReachMore Banner

Business Partner Magazine

Business Partner Magazine provides business tips for small business owners (SME). We are your business partner helping you on your road to business success.

Have a look around the site to discover a wealth of business-focused content.

Here’s to your business success!

Copyright © 2025 - Business Partner Magazine·

x