Pay Equity & Strategic Management for HRM
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-You have been asked to evaluate whether a company's pay structure is fair to women and minorities. How would you go about answering this question?
-How can the processes for strategic management discussed be transplanted to manage the HRM function?
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Solution Summary
This solution discusses evaluating whether a company's pay structure is fair to women and minorities and describes how to research the answer to this question. It also describes how the processes for strategic management discussed can be transplanted to manage the HRM function. APA references are included.
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-You have been asked to evaluate whether a company's pay structure is fair to women and minorities. How would you go about answering this question?
I would start by benchmarking the salaries of the women and minorities to males and non-minorities within the company. In doing this, it would be important to take into account position, years of service, past experience, and performance. The survey should be done in a colorblind matter to not influence the results. Salary surveys can be utilized through software that collects, analyzes and generates reports comparing women and minorities pay to that of others in the organization as well as the marketplace (competition). In addition, it would be important to determine if any policies exist (either written or unwritten) that are unfair to women or minorities. I would also determine if there were clusters of minorities and women in certain jobs and compare their pay structure to men and ...
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- BA, University of Southern California
- MSS, United States Sports Academy
- Ed.D, Boise State University
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