logo

Impact of Gender Pay Gap on Business Performance

   

Added on  2023-01-12

26 Pages6175 Words51 Views
Data Science and Big Data
 | 
 | 
 | 
Research project
Impact of Gender Pay Gap on Business Performance_1

Table of Contents
CHAPTER 1: INTRODUCTION .................................................................................................3
Research aim..........................................................................................................................3
Research objectives ...............................................................................................................3
Research questions.................................................................................................................3
Research rationale..................................................................................................................4
CHAPTER 2: LITERATURE REVIEW ......................................................................................5
CHAPTER 3: RESEARCH METHODOLOGY ..........................................................................8
CHAPTER 4: DATA ANALYSIS .............................................................................................11
CHAPTER 5: CONCLUSION AND RECOMMENDATION ..................................................24
REFERENCES ...........................................................................................................................25
Impact of Gender Pay Gap on Business Performance_2

CHAPTER 1: INTRODUCTION
Working performance within a business is defined as the aspect in which employees
fulfils obligation of their jobs and duties assigned to them. There are various factors due to
which performance of organisation are impacted whether in positive or negative aspect. One of
them is gender pay gap as cultural diversity issue and this is the major reason that disparity
among workplace is created. This may lead in undervaluing and discrimination due to which
their motivation and morale and minimised overall output (Nollenberger, Rodríguez-Planas and
Sevilla, 2016). This is regarded as the biggest challenge for an organisation which may create
pay gap and inequality within employees. In current scenario for every business there major
concern is associated with bringing in diversified workforce so that skilful employees can be
aligned with business. This is observed hat across the world just a fraction of women are
working in the same role as men, which is a situation of disparity. This is an institutional barrier
due to which progress for women get stopped. This research report is analysing impact of
gender pay gap as cultural diversity issue on performance of premises of Marks and Spencer.
Research aim
“To evaluate the influence of gender pay gap as an issue of cultural diversity on business
performance”. A study on Marks and Spencer.
Research objectives
To determine the impact of cultural diversity within the company.
To analysis the issue faced by business because of gender pay gap as an issue of
cultural diversity.
To determine the alternatives options that may support company to can overcome
from challenges of gender pay as an issue of cultural diversity.
Research questions
What is the influence of gender pay gap as an issue of cultural diversity on business
performance?
What is issue faced by business because of gender pay gap as an issue of cultural
diversity?
Impact of Gender Pay Gap on Business Performance_3

What are the alternative options that may support company to can overcome from
challenges of gender pay gap as an issue of cultural diversity?
Research rationale
The selection of this topic is to analyse impact of gender gap as an issue of cultural
diversity within performance of business. Besides this with the help of this topic it can be
analysed that how a person is supposed to examine situation of their working place in order to
get appropriate succession opportunities (Steinberg, Skae and Sampson, 2018). This research
topic is associated with dual perspective for researcher in terms of personal and professional
aspect. In terms of personal aspect this research will be helpful for researcher to develop
various skills such as communication skills, research skill, creative thinking skill and many
more. These skills could be helpful for researcher in managing various tasks in their future with
utmost efficacy and effectiveness (Cassar and Rigdon, 2019). What is the influence of cultural
diversity on business performance. On the other hand in terms of professional perspective this
research is helpful in understanding concepts of research such as use of research methodology
and techniques of data analysis. So this could be helpful for researcher to complete their further
researcher in such a manner that appropriate results can be developed. So this can be concluded
that this research is going to assist researcher in managing balance between personal and
professional aspects.
Impact of Gender Pay Gap on Business Performance_4

CHAPTER 2: LITERATURE REVIEW
What is the influence of gender pay gap as an issue of cultural diversity on business
performance?
According to Campbell (2016), The gender pay gap basically reflects the adequate wage
and salary that is paid by an organization to its employees. It also define workplace
performance and its productivity through which employee motivation and encouragement is
concerned as with this probability and ability to attain long term and standardized goals are
achieved with adequateness. Gender pay gap is associated with the workplace culture and its
attributes of an organization towards its employees and workers. It is also get influenced by
different factors such as unconscious and conscious discrimination that usually bias within
decision making and hiring. As both men and women in various jobs and industries get worked
but in this a factor as female dominating companies offer lower wage under which individual of
similar experience, education and knowledge get differentiated on the basis of wage. The
disparities among woman and men get hindered the wage system which also be constrained of
spending and income power of a family. The difference in between wage is a major cause of
occupational segregation in which men paid higher as per comparison to women’s. Besides this
gender pay gap is directly associated with cultural diversity in which people are getting
differentiated salaries as due to difference in cultural aspect. It has direct impact over the
professionalism and it is a vital case of managing and controlling societal based differentiation.
It affects formal priority in which higher retention rate, improvised orientation, employee
satisfaction and decision making credibility get affects in effective basis. The women are just
considered as a fraction of men as while working on similar position. In this companies make
continuous efforts and as per concern of World economic forum, there is about 202 years and
through this only economic pay gap get changed. It also shrink the several issues that ingrained
all across economies in which employee get accept inequality with better pace. It brings higher
challenges well in which more of the people couldn’t even accept about that equality and
gender pay is an issue and it exist all over with cultural diversity.
What is issue faced by business because of gender pay gap as an issue of cultural
diversity?
Impact of Gender Pay Gap on Business Performance_5

According to Eble, and Hu (2018), There are different issues that is required to be known b
employees that there is a need to getting equally paid as per other employees in order to
eradicate issue of cultural diversity. It is an equivalent aspect through which gender inequality
get managed within the workplace. It affects overall working dynamics of an organization and
it is due to the myriad reason’s. It includes experience, age, racial bias, maternity, disability and
many other breaks in career that is usually faced by people on random basis. It is quite
dominating and surprising that still women paid lesser as compared to men and it is processed
majorly in many companies. It is slight optimised as well and with this many of the prospects
are considered by companies as with this obvious change are implemented. In relation to gender
pay gap and inequality more of employees faced discrimination at workplace and it has direct
impact over the working standards of workers along with this it is also be relatable to gender
gap, sexual orientation, race, religion, age and many other factors as well. It processed an
unequal way and unequal opportunities for employees that formally get contributes towards
education, career options and for training as well. It has raw impact over women and also
indicate empirical evidence about low paying jobs and reduces the level of contribution that is
pertain by an employee at the time of task completion. It isolates the well-being of employees
as if co-worker get higher paid of similar work that it surpasses potential impact over working
credibility of lot of employees. It reduces the occupation choices, hiring practice, guidance and
expectations of workers and have disproportionate the social and formal norms beyond certain
control. It makes difficult for people to work and get succeed since it tend to care taking if
varied range of duties and responsibilities when pay gap is existed due to cultural diversity.
What are the alternative options that may support company to can overcome from
challenges of gender pay gap as an issue of cultural diversity?
According to Glass, Cook and Ingersoll (2016), There is no doubt to the initiatives that must
be taken to completely eradicate the difference in the pay scale between the genders due to
cultural diversity. Not only does such a difference demoralise the less fortunate gender but also
affects the company itself in the bigger picture. In the present world image of a company is
much more important than increasing operational cost of the company. In other words,
increased operational cost of the company will only reduce its profit margin but the negative
brand image can completely put the company out of the business. With such huge impact of the
Impact of Gender Pay Gap on Business Performance_6

End of preview

Want to access all the pages? Upload your documents or become a member.

Related Documents
Impact of Gender Pay Gap on Employee Performance at Marks and Spencer
|25
|5622
|28

An examination on diversity inclusion and the gender pay gap
|27
|6216
|167

Research on Equality and Diversity in the workplace
|44
|9264
|39

Impact of Gender Pay Gap on Performance: A Study on Marks and Spencer
|26
|5667
|84

Equality and Diversity at the Workplace
|24
|5354
|67

Equality and Diversity in the Workplace
|29
|5430
|100