A Gender pay gap is a mean difference in the gross earnings of women and men working within the same economy. The gender wage gap is because of many factors, for example, race, occupational segregation, discrimination against working mothers, disability, age, and access to education. According to the World Economic Forum, 2015, most countries around the globe pay men and women doing the same job different dues. The current International Labor Organization estimates that female employees earn 77% of the male employees ‘salary. However, the rate of gender pay gap varies depending on the country because of factors like opportunities in the job market, beliefs about gender and work, education level and age, and the laws and policies of the state. In 3rd World countries, the gender wage gap is not as high as in the developed countries (OECD, 2012). In most countries, the wage gap is higher with women with high salary.
Currently, society suffers from the effects of gender inequality, and one of them is the gender pay gap. The fact that an organization has both men and a woman doing the same job within the same time range the male employee ends up with higher pay than the female employee, this fact shows how men get favor over women in the society. In the current world, women tend to be more educated than men in most parts of the world, but this has not stopped the gender pay gap. Decades ago, women used to school to high school levels, and advancing education was not necessary as most of them would get married and focus on family and home issues. But this has changed in the years as most women advance in education just like men.
Furthermore, women hold a better percentage of the population, and if they got an education and paid the same rates as men, then the human resource in organizations will be solved. Equality will enable women to give back to society just as men do or even more. Some women encounter the pay gap because of their motherly responsibilities because the employer factors in the maternity and other leaves a woman will ask for, but this will not apply to the man. This gender discrimination on pay should not happen if both men and women have the same educational qualification and work for the same hours.
Research has shown that the difference in pay between female and male employees hurts the individuals and the broader economy. The salary disparity demoralizes the women workers thus reducing production. It also means that improving women salaries to match the men will decrease poverty and promote social and economic status. Closing the gap will not only be beneficial to the employee but also the employer as the women will not feel discriminated, therefore they will work in the organization longer. This equality will also bring about a positive working environment thus increase productivity. Besides, closing the pay gap will enhance social justice and equality in society. Generally, if employers observe equality in pay, the community will have more benefits.
This paper discusses how decreasing the gender gap benefits society. In the project, we will talk on the reasons behind the gender pay gap, the disadvantages to the community, how to decrease the gender wage gap and the benefits to the society as a whole.