Definition of Pay equity:
Degree to which the actual pay of an employee matches what he or she thinks to deserve. High pay equity means high employee satisfaction with his or her job, low pay equity increases the potential for absenteeism, grievances, strikes, and turnover. Also called pay satisfaction.
How to use Pay equity in a sentence?
- You need to try and get all of your companies as close to the pay equity that is fair for their performance.
- Despite strides in the past few years, the glass ceiling is still preventing true pay equity between men and women working in the private sector.
- In jobs where people are only making the minimum wage or below, the level of disgruntled workers is high and the turnover rate is even higher. Without some sense of pay equity you cant expect much from your workers.
Meaning of Pay equity & Pay equity Definition