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HRM3705 ASSIGNMENT 3 (CORRECT ANSWERS) SEMESTER 2 2024 DUE 17th SEPTEMBER 2024 GUARANTEED DISTINCTION. £2.31   Add to cart
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HRM3705 ASSIGNMENT 3 (CORRECT ANSWERS) SEMESTER 2 2024 DUE 17th SEPTEMBER 2024 GUARANTEED DISTINCTION.

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  • Remuneration Management
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  • University Of South Africa

HRM3705 ASSIGNMENT 3 (CORRECT ANSWERS) SEMESTER 2 2024 DUE 17th SEPTEMBER 2024 GUARANTEED DISTINCTION. (a) Identify the remuneration management challenge (1 mark). The most significant current challenge in remuneration management that organizations face is achieving pay equity. (b) Discuss ...

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  • September 10, 2024
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  • 2024/2025
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  • hrm3705 assignment 3 correct answers semester 2

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  • University of South Africa
  • Remuneration Management
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HRM3705 ASSIGNMENT 3
(CORRECT ANSWERS)
th
SEMESTER 2 2024 DUE 17
SEPTEMBER 2024
GUARANTEED DISTINCTION.
(a) Identify the remuneration management challenge (1 mark).


The most significant current challenge in remuneration management that organizations face is achieving

pay equity.


(b) Discuss the challenge in your own words (2 marks).


Pay equity refers to the fair compensation of employees for their work, regardless of gender, race, or

any other potentially discriminatory factor. In today's work environment, there is heightened awareness

and scrutiny surrounding disparities in pay. Organizations must navigate complex legal regulations,

societal expectations, and internal policies to ensure that they are compensating employees fairly.

Despite advancements in technology and data analysis, many organizations still struggle to identify and

address wage gaps, which can be caused by historical biases, differences in negotiation skills among

employees, and varying levels of transparency within pay structures.

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