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Comparable worth, also known as “pay equity,” focuses on comparing the value that different roles bring to a company. Comparable worth is different from the Equal Pay Act of 1963, which focuses...
comparable worth, in economics, the principle that men and women should be compensated equally for work requiring comparable skills, responsibilities, and effort.
The meaning of COMPARABLE WORTH is the concept that women and men should receive equal pay for jobs calling for comparable skill and responsibility.
Comparable worth is shorthand for "equal pay for work of equal value" or "equal pay for work of comparable worth." The doctrine of "comparable worth" is an attempt to remedy the inequities of pay which result from a long history of sex-segregated jobs and different pay scales for "female" and "male" jobs. Market rates, in this view, reflect ...
"Comparable worth" is one approach to increasing pay equity between jobs done primarily by women and minorities and those done primarily by majority men. It refers to equalizing compensation for jobs requiring comparable levels of effort, skill, and responsibility.
The first difficulty with comparable worth is its central premise: that unequal pay for jobs deemed to be of comparable worth is inherently dis- criminato~y or, equivalently, that jobs deemed to be of comparable worth should receive the same wage.
Under comparable worth, jobs within a firm or government would be rated, and points would be assigned according to characteristics such as necessary knowledge and skills, mental demands, accountability, and working conditions.
COMPARABLE WORTH definition: the idea that a person should be paid the same amount as someone else for doing work that has the…. Learn more.
Comparable worth means to provide the same pay for jobs which have equal requirements, namely, the knowledge, efforts, and skills needed to perform the work, and the level of responsibility and working conditions involved.
Comparable worth would be a program in which different jobs are evaluated and scored, based on the skills, responsibilities, and education needed. Jobs with the same scores would then be required to have the same pay.