Multinational companies play a crucial role in setting pay differentials. Unlike in developed countries, women working for multinationals in developing ones are paid more poorly compared to domestic firms. Worldwide, women earn on average around 20% less than men for equally valuable work. Major variations exist across countries and regions. The gender wage gap ranges from 3% in Luxembourg to a staggering 37% in South Korea. At the moment, no country in the world has yr achieved income parity. This study also shows that gender wage gap remains substantial, especially for women with children. Using the above excerpt and your research about compensation practices in Multinationals Enterprises, choose a developing country, and explain with TWO (2) points, why does the gender wage gap exist in that country. Discuss TWO (2) measures Multinationals can take to reduce the gap.
Multinational companies play a crucial role in setting pay differentials. Unlike in developed countries, women working for multinationals in developing ones are paid more poorly compared to domestic firms. Worldwide, women earn on average around 20% less than men
for equally valuable work. Major variations exist across countries and regions. The gender wage gap ranges from 3% in Luxembourg to a staggering 37% in South Korea. At the moment, no country in the world has yr achieved income parity. This study also shows that gender wage gap remains substantial, especially for women with children.
Using the above excerpt and your research about compensation practices in Multinationals Enterprises, choose a developing country, and explain with TWO (2) points, why does the gender wage gap exist in that country. Discuss TWO (2) measures Multinationals can take to reduce the gap.
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