1. An important issue in compensation is the gender-wagegap. It is illegal to pay men and women differently for doing thesame work. As you think about these chapters and the gender-wagegap, address two of these issues: using completesentences.
---Pay secrecy policies may perpetuate the gender-wage gap, ifwomen don’t realize they are underpaid (as in the Lilly Ledbettercase). What do you think of pay secrecy vs. pay opennesspolicies?
---Comparable worth is the idea that men’s work and women’s workshould be paid the same if the skill, effort, and responsibilityare comparable, even if the jobs are different. What do you thinkof comparable worth?
---Women typically negotiate less for pay than men do, and as aresult, women often have lower salaries than men. And when women donegotiate strongly, they are viewed more negatively. Is the commonpractice of pay negotiation fair or not? What if the job doesn’trequire negotiating skills?
2. One of the always controversial issues is theethicality of pay that top management (especially CEOs) receives.Take a look at the information on the AFL-CIO executive paywatchwebsite. Then answer two of these questions using completesentences.
--What are some amounts that CEOs are making, and what is themost lucrative form? How does their pay correspond to the health oftheir companies?
--The paywatch site shoes how much a CEO makes compared to theaverage employee. In other countries, this ratio is much lower. Canwe justify such high ratios for our CEOs?
--Too often, executives are focused on short term metrics, suchas quarterly reports. So executives may get pay in the form oflong-term incentives, often tied to share price in the future, toencourage longer term focus. Do executives do things that are goodfor the share price but ultimately unethical or just bad for thecompany? Give examples.
