How can the society achieve gender pay parity and bridge the pay gap between men and women?
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Gender equality in pay can only be achieved through policies that promote diversity, changes to the way organizations are run and shifts in culture. Governments should enforce equal pay laws and strengthen them through transparency in salary structure and conducting pay equity audits. Companies need to commit themselves to frequent reviews of their payment plans for the purpose of detecting and correcting imbalances, using clear policies on compensation, and implementing fair recruitment methods.
The organizational culture must make diversity a priority so as to encourage inclusion by offering women mentorship programs as well as leadership opportunities that will enhance their career advancement. Gender neutral flexible working terms and conditions and parental leave period ought to allow men or women without any discrimination achieve work-life balance.
Educational institutions and employers should motivate females into choosing lucrative professions including STEM (science, technology, engineering and mathematics). Women can also become more competitive on the labour market when they are provided with trainings in professional proficiency or vocational skills.
It is high time that society began changing gender roles with an aim of doing away with stereotypes that hinder women’s occupational prospects.
Closer to bridging the gender pay gap and achieving true economic equality, we can do so by combining legislative action, corporate responsibility, and societal change.