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From equality to equity: Redefining fairness for a performance-driven Sri Lanka
Daily FT
|March 28, 2025
EQUITY is about ensuring fairness by recognising and addressing the individual needs, challenges, and circumstances of each person, while equality treats everyone the same. In Sri Lanka’s evolving landscape, equity—not just equality—has become crucial for building performance-driven organisations by focusing on equitable pay, gender equity, career progression, and work-place inclusivity, businesses can unlock their full potential while navigating the challenges of equity-based policies.
Equality: A necessity but limited starting point
Equality ensures fairness by providing equal opportunities, such as equal pay for equal work, and protects against discrimination. However, it can fall short of fostering growth. Treating everyone the same may not address individual needs or encourage high performance.
As Jim Collins aptly put it, “Good is the enemy of great.” While equality is important for fairness, equity inspires growth and progress.
Equity: Unlocking individual potential
Equity goes beyond treating everyone the same. It tailors resources, opportunities, and rewards to meet individuals’ unique needs. For example, while twin daughters may have received identical gifts as children to avoid jealousy, as they grew, their mother provided them with tailored support based on their talents—supplies for one, a chemistry set for the other. Similarly, workplaces must nurture employees’ distinct strengths and challenges.
Equitable pay: A key pillar of equity
Equitable pay involves ensuring employees are rewarded fairly based on their contributions, through internal and external equity.
Cette histoire est tirée de l'édition March 28, 2025 de Daily FT.
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