Certified Supply Chain Professional (CSCP) Practice Exam

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Market presence in GRI reporting compares wages to which benchmark?

  1. Industry standards

  2. Corporate profits

  3. Minimum wage by gender

  4. Average salary in the region

The correct answer is: Minimum wage by gender

In Global Reporting Initiative (GRI) reporting, market presence specifically examines how wages compare to minimum wages by gender. This focus on minimum wage by gender is essential for assessing the equity and inclusiveness of a company's compensation practices. It helps to highlight potential disparities in pay based on gender, ensuring adherence to ethical labor practices and regulatory expectations. By using minimum wage as a benchmark, organizations can better reflect their commitment to fair pay and social responsibility, filling in gaps where gender-based wage disparities may exist. This approach aligns with broader sustainability goals and compliance with international labor standards. The other benchmarks mentioned serve different purposes. Industry standards provide a general comparison but may not capture specific wage inequalities. Corporate profits indicate a company's financial health but do not directly relate to employee compensation disparities. The average salary in the region gives context about local economic conditions but fails to focus specifically on gender differences in wages. Thus, using minimum wage by gender as a benchmark offers a clear lens through which to evaluate and report on wage equality in GRI reporting.

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