salaryparity
nounUK /ˈsæləri ˈpærəti/
US /ˈsæləri ˈpɛrəti/
Salary parity means people get paid the same money for doing the same kind of work.
The company promised salary parity so that men and women earn equal pay for equal jobs.
OTHER MEANINGS
2. A policy of matching pay levels across different regions or countries for the same role.
The firm introduced salary parity across its global offices to keep pay consistent.
3. The state of two or more groups receiving equivalent total compensation, including benefits.
Union talks focused on salary parity between senior and junior staff.
4. An adjustment process that raises lower-paid groups until their pay matches higher-paid peers.
Salary parity was achieved after three years of gradual raises.