HRM3705 Assignment 3
(COMPLETE ANSWERS)
Semester 2 2025 - DUE 12
September 2025
For assistance contact
Email:
, The Challenge Explained
The push for pay equity and transparency is a major hurdle for many companies. It's difficult
because decades of traditional pay practices have often resulted in unconscious bias and
structural inequities. For example, some jobs historically dominated by women may have been
systematically underpaid. Moreover, the move toward remote and global work has complicated
matters, making it harder to establish consistent pay scales across different locations with
varying costs of living. The increased use of data analytics also highlights these disparities,
making them harder for organizations to ignore. This challenge is about more than just numbers;
it's about building trust, morale, and a fair workplace culture.
Linking the Challenge to a Factor Influencing Remuneration
This challenge is directly linked to the organizational factor of corporate governance and
ethics. Good corporate governance requires a commitment to fairness and ethical behavior,
which includes how employees are paid. A company that values ethical practices will proactively
address pay inequities to build a reputation as a fair and responsible employer. This is no longer
just a "nice-to-have" but a strategic imperative. In a world of increasing social scrutiny, a
company's approach to pay can significantly impact its public image and ability to attract and
retain top talent.
Implications of the Challenge
Failing to address pay equity and transparency can have severe consequences for an
organization's remuneration strategy.
Decreased Employee Morale and Trust: When employees perceive unfairness in pay, it
can lead to resentment, reduced motivation, and a breakdown of trust between staff and
management. This can result in lower productivity and higher turnover.
Legal and Reputational Risk: Many countries are passing laws requiring pay
transparency and equal pay for equal work. Non-compliance can lead to expensive
lawsuits, fines, and severe damage to the company's reputation, making it less attractive
to job seekers and customers.
(COMPLETE ANSWERS)
Semester 2 2025 - DUE 12
September 2025
For assistance contact
Email:
, The Challenge Explained
The push for pay equity and transparency is a major hurdle for many companies. It's difficult
because decades of traditional pay practices have often resulted in unconscious bias and
structural inequities. For example, some jobs historically dominated by women may have been
systematically underpaid. Moreover, the move toward remote and global work has complicated
matters, making it harder to establish consistent pay scales across different locations with
varying costs of living. The increased use of data analytics also highlights these disparities,
making them harder for organizations to ignore. This challenge is about more than just numbers;
it's about building trust, morale, and a fair workplace culture.
Linking the Challenge to a Factor Influencing Remuneration
This challenge is directly linked to the organizational factor of corporate governance and
ethics. Good corporate governance requires a commitment to fairness and ethical behavior,
which includes how employees are paid. A company that values ethical practices will proactively
address pay inequities to build a reputation as a fair and responsible employer. This is no longer
just a "nice-to-have" but a strategic imperative. In a world of increasing social scrutiny, a
company's approach to pay can significantly impact its public image and ability to attract and
retain top talent.
Implications of the Challenge
Failing to address pay equity and transparency can have severe consequences for an
organization's remuneration strategy.
Decreased Employee Morale and Trust: When employees perceive unfairness in pay, it
can lead to resentment, reduced motivation, and a breakdown of trust between staff and
management. This can result in lower productivity and higher turnover.
Legal and Reputational Risk: Many countries are passing laws requiring pay
transparency and equal pay for equal work. Non-compliance can lead to expensive
lawsuits, fines, and severe damage to the company's reputation, making it less attractive
to job seekers and customers.
