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- Pay equity and pay parity are related concepts, but they have different meanings1234:
- Pay equity refers to paying people fairly and consistently without discrimination based on protected categories, considering factors such as education, experience, and tenure.
- Pay parity requires employers to ensure there is no pay gap across the workforce between men and women or other minorities, regardless of their positions.
Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.Pay equity refers to paying people fairly and consistently without discrimination based on protected categories while considering factors such as education, experience, and tenure. Pay parity requires employers to show there is no pay gap across the workforce between men and women or other minorities.www.hibob.com/hr-glossary/pay-parity/Both terms are about having a compensation strategy that is not discriminatory. However, pay parity is about providing employees with equal pay and eliminating any pay gaps regardless of their positions. Pay equity is a term specifically used to discuss equal payment between employees with similar backgrounds, qualifications, and experiences.factorialhr.com/blog/pay-parity/Pay parity and pay equity are often used interchangeably, but while they both aim to address inequality in the workplace, they have different approaches. Pay parity emphasizes achieving identical pay for the same work, regardless of any personal characteristics like gender, race, or any other protected class.omnihr.co/blog/pay-parity/The term “pay parity” is used to refer to two distinct, but often confused, issues: equal pay, and pay equity: Equal pay refers to two people doing the same work being paid the same, regardless of variables (other thant merit) such as gender or ethnicity. It is what people typically think of when talking about pay gaps.www.minterellison.co.nz/insights/pay-parity-it-s-co… - People also ask
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