This management report discusses the gender pay gap in organizations, focusing on Tesco. It covers the aim of Tesco, legal regulations, cost benefits, and recommendations for addressing the gender pay gap. The report emphasizes the importance of gender equality in the workplace.
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Management report on the gender pay gap
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Table of Contents INTRODUCTION...........................................................................................................................1 MAIN BODY..................................................................................................................................1 Aim of Tesco..............................................................................................................................1 Legal regulations of the company..............................................................................................2 Cost benefits in dealing with this situation:................................................................................3 Recommendation on Gender pay gap........................................................................................4 CONCLUSION...............................................................................................................................5 REFERENCES................................................................................................................................6
cheaper cost product or services while takes care about the quality aspect also because this organisation has to retain their customers for long term benefits as they provide cheaper product in comparing to their competitors(Costa Dias, Joyce and Parodi, 2018). The main objective of this industry is to earn more profits while attaining the strategies of offering the best services to their customers through better channel of reaching them with the platform of online and offline this will leads to enhancement of the employees as well in order to maintain the retention approach they have to maintain the gender pay scale so by taking concerns on their objectives and aim they have to side by side deals with the fair remuneration for the female by conducting several initiatives while doing the operation activities of the organisation this will leads to the generation of interest for female to join this industry while taking the benefits of their better gender pay gap regulations in the industry. Legal regulations of the company In an organisation legal considerations are most important aspect that has to be followed by the company in respect to establish the value which will be considered under term code of conduct this aspects are depends upon the rights of the employees and all the laws regarding the industries to deal with any conflicts whether inside and outside the industry(Fleming, 2018). This legal regulations is followed by large organisation quite effectively is that by adopting the law consideration of the Gender pay gap regulations, and was considered or termed as equality act 2010 which includes all the information regarding gender pay gap through what sort of actions can be taken by the employees by having some rights for them and for company point of view as well , this gender pay gap regulation of 2017 was came into force in the UK in April 2017,this act basically defines the gender discrimination in paying for the same job role, is that female gets less pay than the male employees. By adopting the aspects of this laws Tesco will reduce the problem or assisting for the rights of female employees by effectively adopting this regulations rights. Legal consideration allows the large industry like Tesco to empower their working culture standards through maintaining the value regarding the organisation which includes employers who need to publish the reports by showing the aspects of six calculations showing is that : Mean gender pay in hourly pay, median gender pay in relation to the hourly pay statement , mean and median gender pay gap and proportion of the bonus to the male and female candidate 2
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in respect to the bonus payment and their proportion of each pay quartile on the basis of taking the general meeting of submission, which will be set through the working structure of the organisation is that Tesco deals their operations across the different countries so they have to inculcate this approach through the board meeting of their in authority members which will decides about the processes regarding this gender pay gap regulations to be induced effectively in the organisation(Grønning, Kriesi and Sacchi, 2020). In the UK only employers with having 250 members and more than that will allow to generates the report on gender pay gap ,against the average of 50 across the group of other countries so as to attain this approach the organisation will have to follow this law consideration because of their large working structure in their organisation which will enhance the motive to built the awareness in the employees regarding the equal paying structure through proper formulations of the legal regulation by making female candidates more relaxed by working on the aspects of some legal act which will be maintain by this industry in more effective manner. Cost benefits in dealing with this situation: Due to large multinational industry of retailing sector they are dealing with large number of employees base who are working at some job role assign to them in the field of operations to finance department by adopting and resolving this gender pay gap issue from their organisation Tesco will generates the cost benefits abilities because female employees will feel more relaxed in respect of their secure job with equal pay scale will leads to attain employees retentions approach in the organisation(Jewell, Razzu and Singleton, 2020).Through working on the gender pay gap by improving the quality of handling the customers by reaching towards them by means of online and offline market by having the large employees structure in the company will results in the effective performances of organisation in the context of utilizing the human resource in production process which will give the industry an age on to their competitors by which they can easily provides the product or services in which they are dealing right now. While talking about the gender pay gap organisation like Tesco have to perform several roles for the improvement of their employees in respect of female employees they have to set and assign the targets according to the laws and regulations and condition which will be impost to the organisation like Tesco in generating value for the females by giving or having equal pay scale which directs it to the cost benefits by having the employees retention approach with the aim to 3
set the importance of gender equality in the organisation so as to built the paying scale structure which will going to be more profitable in the future also. Recommendation on Gender pay gap Timescale: Organisation like Tesco have to set the proper structural formation on the basis of that they have to induce the organisation goals and objectives(Jones, Makepeace and Wass, 2018). This industry should have to follow the culture of generating the awareness in respect to the gender pay gap issues while taking this issue intro consideration, because of large employees they have to organise the policies regarding this issue handling through maintaining the communication channel is that to formulate this regulation or reducing the issue of gender pay gap company needs to identify the problems in the company regarding that issue through checking by gathering information by past grievances related issues and employees welfare relate problem the organisation here have to add the value which are concerns with the standards on which they are going to induce this strategies in respect of timescale organisation will take time implement this regulation of gender pay gap issues, because of their operations into different countries as well this will take time to properly implement this programme, like around up to 1 year or takes one-half year to execute it. Cost Sources are relatively shows benefits while making the concepts to reduce the issue like gender pay gap, as Tesco relates with the large organisation they have to invest in large amount so as to create and implement this approach on organisation in quite fast manner. Cost of making the efforts in specific structure will be the important source for making contribution in enhancing the value of gender equality this will leads to the formation of assigning the better opportunities for the females in order to motivate them by generating the value of giving the equal chances as compare to maleemployees through given the equal support in paying them as per post pay is concern. Cost will be incurred on the activity to release the outcome of this approach.(Miller and Vagins, 2018) Prioritization This approach of the industry like Tesco is built on giving the priority to this issues through sought out by making an efforts in legal consideration by implementing the roles 4
regarding the act of gender pay gap regulation. Organisation have to attain the structure of giving the priority to their employees fair working culture by providing them pay as per their performance and ability skills by assigning them duties as per their work role by improving the structure which is based on the employees capabilities and expertise value without considering the approach of gender pay gapwhile paying them their remunerations(Rabovsky and Lee, 2018). CONCLUSION It has been concluded from the above report is that every organisation have to generates the importance to deal their employees whether male or female on the basis of their capabilities they should provide them their fair and equal remuneration, on the basis or appropriate legal consideration they have adopts the value of it, retailing industries has to establish the growth factor through motivating the employees working culture by giving each individual as employees a chance to make efforts in the organisation approaches in respect of working culture . 5
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REFERENCES Books and Journals Aksoy,C.G.,Özcan,B.andPhilipp,J.,2020.Robotsandthegenderpaygapin Europe.Available at SSRN3647480. Bergmann, N., Scheele, A. and Sorger, C., 2019. Variations of the same? A sectoral analysis of the gender pay gap in Germany and Austria.Gender, Work & Organization.26(5). pp.668-687. Costa Dias, M., Joyce, R. and Parodi, F., 2018.The gender pay gap in the UK: children and experience in work(No. W18/02). IFS Working Papers. Fleming,N.,2018.Howthegenderpaygappermeatesscienceandengineering.New Scientist.237(3167). pp.22-23. Grønning, M., Kriesi, I. and Sacchi, S., 2020. Skill specificity of upper-secondary training occupations and the gender pay gap.KZfSS Kölner Zeitschrift für Soziologie und Sozialpsychologie.72(1).pp.291-315. Jewell, S.L., Razzu, G. and Singleton, C., 2020. Who works for whom and the UK gender pay gap.British Journal of Industrial Relations.58(1). pp.50-81. Jones, M., Makepeace, G. and Wass, V., 2018. The UK gender pay gap 1997–2015: What is the role of the public sector?.Industrial Relations: A Journal of Economy and Society.57(2). pp.296-319. Miller, K. and Vagins, D.J., 2018. The simple truth about the gender pay gap.American Association of University Women. Rabovsky, T. and Lee, H., 2018. Exploring the antecedents of the gender pay gap in US higher education.Public Administration Review.78(3). pp.375-385. 6