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purpose of this assignment is to better understand how pay for
performance (meritocracy) has an impact on individual employees within a corporation
and to analyze if there any diversity, equity, and inclusion impacts. The goal is to
understand in this narrow lens how all of the aspects of diversity can impact these decisions within a workplace and in an individuals personal
Part Two:
Based on the readings and discussions, what groups are potentially
impacted by pay disparity?
Part Three:
Review Diversity and Organizational Competitiveness
Where do you see pay fitting into Diversity and Organizational Competitiveness?
Part Four:, what are three potential solutions that are recommended for minimizing pay disparity in
organizations?
3.Use a calculator to make a chart projecting the effects of
discrimination in initial salaries offered to Blacks and Whites and annual
salary increases for two equally qualified, college-educated new hires.
a. Make columns for starting salaries of $30,000 and $33,000,
respectively, for the new employees. Assume the Black applicant
earns a 4% increase per year and the White applicant earns a 6%
increase per year, based on their performance evaluations. What
are the salary differences after 10 years? After 20 years?
b. Make another column, based on the assumption that the White
applicant receives promotions every three years and the Black
applicant is promoted every five years. For promotions, assume a
salary increase of an additional 10%. What are the salary
differences after 10 and 20 years given the differences in initial
salaries, in increases, and in promotion rates?
c. What effects would such salary disparities have on each
employees and the employers contributions to the employees
Social Security, tax-deferred savings plans, and retirement plans?
d.
Feature 4.5
, Why Pay More? Race and Sex Discrimination in
New Car Pricing, considers effects of discrimination against
Blacks in car pricing. Speculate on the effects of lower initial
starting salaries, lower salary increases, and fewer promotions,
combined with high prices for consumer goods, mortgages, and
insurance, on a persons ability to increase wealth.
Answer & Explanation
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