GENDER PAY GAP ANALYSIS IN THE WORKPLACE: EXAMINING FACTORS CONTRIBUTING TO THE GENDER PAY GAP AND STRATEGIES FOR PROMOTING PAY EQUITY

Abstract

Gender inequality persists in many facets of society, including the workplace, where women face disparities in wages compared to their male counterparts. This scientific article aims to investigate the various factors contributing to the gender wage gap and propose strategies for the development of wage capital. Through a careful analysis of prior research and empirical data, this study identifies societal norms, occupational segregation, educational attainment, and discrimination as key factors influencing the gender wage gap. Furthermore, we discuss the importance of wage capital development through policy reforms, changes in organizational practices, and societal interventions in closing the gender wage gap.