purpose of this assignment is to better understand how pay for performance (meritocracy) has an...

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Accounting

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.

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