Business Group
Question:
pdrum
Student
Community / Jr. College
Does anyone have a basic definition for "individual pay equity"?
Answers:
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pmiranda2857 Teacher
High School - 10th GradePosted by pmiranda2857 on Monday June 23, 2008 at 11:53 PMIndividual pay equity is compensation given to an employee based on the value that the individual employee brings to the corporation.
Your pay or salary is based on your value as an employee, which translates into how your input as an employee contributes to the profit or earning capacity of the company.
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krishna-agrawala Teacher
Graduate SchoolPosted by krishna-agrawala on Wednesday May 13, 2009 at 1:04 AMIndividual pay parity refers to equality between salaries and wages paid to different individuals working in the same organization.
In many countries, paying lower wages to some individuals as compared to others in the organization performing similar Jobs is considered discrimination and is illegal.
Frequently systematic disparities in pay may exist in an organization. For example. women may be less then men for similar jobs. A person or group of persons, who are thus discriminated, have the option of appealing against it in a court of law.
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