Equal pay financial definition of equal pay
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Related to equal pay: Equal pay act
equal pay the right for men and women to be paid the same rate of PAY for performing the same job, established in the UK by the Equal Pay Act 1970. Until 1984 it was widely believed that employers could circumvent the spirit of this legislation by segregating men's and women's jobs. Since then employees have been entitled to equal pay for work of equal value. Aggrieved employees may pursue their claim to an INDUSTRIAL TRIBUNAL. To determine whether different jobs are of equal value the techniques of JOB EVALUATION are used. See DISCRIMINATION.
equal pay the principle that people performing the same JOB or work task should receive the same rate of PAY, regardless of their age, gender or race. This principle is enshrined in the UK Equal Pay Act 1970 and has been extended to include equal pay for different jobs that are judged to be of equal value.