This is a 2000 word assignment. It should be written in a business report format.
Equal Pay: The context
In August 2013 the Chartered Management Institute (CMI) reported that the gender pay gap in basic salaries had increased at senior levels. Male salaries were 25% high than female salaries. This was further exacerbated by bonus payment given to male managers. Male managers’ average bonus payments were £6,442 compared with £3,029 for women. According to the CMI survey the gender pay gap increased at each rung of the management ladder. Male managers’ earnings across all levels were rising faster than women’s male directors’ earnings rose to 5.3% in 2012, compared to just 1.1% for female directors.
Source: www.bbc.co.uk/news/business-23761607
TASK:
You are a HR manager in a small to medium size organization. The Managing Director has asked you to review the salaries of all the male and female managers as she has become aware of the burgeoning pay gap between men and women in the workplace. You conduct an audit and discover that the pay differential between the male and female managers is significant. The male managers’ salaries are 15% higher than those of the female managers.
You are required to produce a report with recommendations on how the company will address the pay differential between male and female managers.
The 2000 world report should be in a business report format:
Table of content:
Executive Summary Introduction
Assignment Discussion Conclusion Recommendations
Introduction:
In the introduction, you should provide a brief background of the development of Equality legislation with specific reference to the legislative framework concerning Equal Pay; ensuring that you document both the UK and European amendments to this piece of legislation.
Assignment Discussion Guidance:
You will need to describe the Equal Pay Act 1970 and the significance of the amendments and updates.
Your discussion should consider not only the company’s legal obligations of equal pay for work of equal value but also its ethical obligations.
You should identify and critically evaluate the factors that may be the cause for pay differentials between men and women managers
To support your analysis you should provide case study examples and identify current initiatives that aim to address the gender pay gap in the UK
You should include arguments for and against pay differential targets
You should also consider relevant theoretical concepts and models that can be applied
You will need to identify appropriate strategies for implementing a non-discriminatory pay structure within the company.
Conclusions:
You should summarize your analysis with a conclusion
Recommendations:
You should ensure that your recommendations relate to future practices and reflect best practice in the HRM field.