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Homework answers / question archive / While implementing a policy that would allow working mothers to rejoin the workforce by making it affordable and giving their young children a place to go and be schooled at a much younger age would be one of the top decisions, I don’t think that this would be the first policy of choice unfortunately

While implementing a policy that would allow working mothers to rejoin the workforce by making it affordable and giving their young children a place to go and be schooled at a much younger age would be one of the top decisions, I don’t think that this would be the first policy of choice unfortunately

Management

While implementing a policy that would allow working mothers to rejoin the workforce by making it affordable and giving their young children a place to go and be schooled at a much younger age would be one of the top decisions, I don’t think that this would be the first policy of choice unfortunately. I think that the US would go along with introducing new policies on pay equality by requiring many employers to publish calculations every year to show the gender pay gap by providing reported salary data. This policy would be universal and beneficial for all in the workforce. By providing these reports, it unveils this type of unfair act. Unfortunately, in some instances, it’s not only the actual base pay that women get stumped on and earn less in comparison to men. There are also equity-based awards, such as stock option grants in which get offered to men more often than women.(Klein, 2020) After a fictitious study done showed how men were favored when it came to distributing stock options which were based on retention and not potential. (Klein, 2020)
The normative theories pretty much all include the same common factors, which is doing the right thing. Deontological theory strictly lays down the rules concerning what we should and should not do.
If I were CEO of a company where there are at least 400 employees and men are being overpaid 25 percent over their women counterparts, I absolutely would adopt the type of pay transparency that the UK is currently in the process of implementing and having published. I think that if there is nothing to hide then there should be no problem publishing the data. 25 percent is a pretty significant number to ignore, whether it be men paid more, or women being paid more, it does not matter, but getting that number to 0 is not realistic. Education, professional experience, and locations could sometimes dictate the difference in pay amongst employees.
Klein, F. (2020, August 7). The gender pay gap no-one talks about. Retrieved September 10, 2020, from https://www.bbc.com/worklife/article/20200806-the-gender-pay-gap-no-one-talks-about
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I think the United States would be most willing to implement the United Kingdom policy. It addresses the issue by mandating pay transparency, which requires employers with 250 workers or more to publish details on the gaps in average pay between their male and female employees. To be honest I think it just starts the conversation and brings data to the situation but doesn’t fix it.
The utilitarianism view of this issue would be to institute fair pay across the board because it’s right and benefits the most amount of people or families. The deontology view is a company should have a duty to paying individual fairly. Also, the moral right thing to do is pay each individual equally for the same work, no matter their gender. Virtue ethics theory would assume anyone dealing with gender inequities would flourish overall as human beings. Justice theory is just fairness and gender inequality is not.
I think I would create a baseline pay requirements (time in the company, time in the position, education, etc.) off of all the men salary in the company. Then I would add yearly incremental raises for all women in those same positions. I don’t think I could get there within two years due to how big some of those raises could be and the potential financial impact it could have on the company.
Terell
Reference
Byars, S., & Stanberry, K. (2018). Why ethics matter, chapter 1. Business Ethics. Rice University, OpenStax. Retrieved from http://cnx.org/content/col25722/1.3 pg. 175.

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