Wage or pay means compensation or sum of amount paid for workers for their work, or labour.
The Women and Equality Unit is seeking to identify the barriers to women's economic participation and to address the barriers that act as a deterrent to equality of opportunity in the workplace. (Women's Work and Pay. 2006).
Gender specific effects impact on the earnings differences of men and women through their effect on the relative levels of observable productivity features such as schooling, job tenure and the distribution of employment, and through the relative treatment of men and women with the same observable features. By allowing women to maintain a stable attachment towards their work force while rearing their children, then to ensure their progress in their work they have to sustain with incentives so that they can invest them to education and training and so improving their observable productivity characteristics. The gender pay gap is not just bad news for women. It means that women's abilities and skills are not being fully utilised in businesses and in the economy. The Government is committed to reducing the gap between men's and women's earnings and making sure that woman talent are properly used and rewarded.
Separate analyses by gender and education group reveal that...
The gender pay gap refers to the difference in average hourly earnings of men and women. Over the last three decades, the full-time pay gap has closed considerably while there has been only a slight narrowing in the part-time pay gap.
Both are now at the narrowest since the Equal Pay Act came into force in 1975. At that time, the gap between men and women's hourly average earnings in full-time employment was. "The Equality and Human Rights Commission champions' equality and human rights for all, working to eliminate discrimination, reduce inequality, protect human rights and to build good relations, ensuring that everyone has a fair chance to participate in society." (Equality and Human Rights Commission. 2007).
The payment system of industries in the capitalistic countries is either in the form of wages or salaries. Salaries are paid basically to those persons, who are carrying the job with higher responsibilities and accountabilities. Wages are paid to the workers in accordance with how many hours an employee has worked. Wage payment may be of two types in industries in Great Britain i.e. time payments and payment by results. "The system to which the greatest attention has been attracted in recent years, both in Great Britain and in America, is the "premium bonus system" in its various forms, of which the two best-known are the " Halsey " and the " Rowan " premium bonus systems." (Wage-System in Industry. 2006). There are many reasons for the pay gap: the differences in the patterns of male and female employment (i.e. differences in the jobs they do), previous employment histories, levels of qualifications as well as unequal pay (i.e. the extent to which women are being treated