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Equity

Noun

Equity, in the workplace, refers to the promotion of fair and just policies and practices for every individual in the organization, regardless of gender, race, sex, age or other factors. The concept of equity focuses on recognizing and addressing the diverse needs and experiences of employees to ensure everyone has access to the same opportunities and resources necessary for their success.

This approach is distinct from equality, which aims to treat everyone the same, regardless of their unique circumstances. Equitable policies in the workplace encompass a range of practices, from providing the necessary technology and tools for employees to perform their roles effectively, to offering tailored career advancement opportunities.

Equity acknowledges that individuals may require different levels of support and accommodation to achieve similar outcomes. This can include addressing wage gaps, ensuring fair treatment and creating inclusive opportunities for historically marginalized groups. Addressing equity issues often involves tackling systemic barriers that contribute to disparities in pay, career progression, and workplace treatment. Organizations committed to equity work towards creating an environment where all employees feel valued and empowered, regardless of their background or personal characteristics.

Example:

One way to promote equity within your organization is to prioritize representation and wage transparency.

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