Posts Tagged ‘ESG reporting’
The Naked Truth on Pay Transparency
The verdict is in. A whopping 28 million American adults would rather run naked through the office for all their colleagues to see than reveal their salary earnings, a new survey finds. Trusaic commissioned a survey conducted by YouGov, to learn about Americans’ attitudes towards pay transparency. The leading question was: If you had to…
Read MoreToday is the EEO-1 Component 1 Filing Deadline
Today, October 25, is the deadline to submit Component 1 of the annual EEO-1 report for the 2019 and 2020 tax years. The deadline was originally extended to August 23 due to the impact of the COVID-19 pandemic on organizations but was further extended to give affected businesses more time to compile their snapshots. The…
Read MoreAchieve Pay Equity On a Global Scale
Pay equity laws are surfacing all over the world. It’s happening so fast that it’s honestly difficult to keep track of, that is, until now. Trusaic created the Pay Equity Definitive Guide to help employers around the world manage emerging pay equity requirements. Included in this over 60-page resource are specific employer pay equity requirements.…
Read MoreDesigning a Successful Pay Equity Program Pt. 2: Assessing Data Quality
Conducting a thorough pay equity audit is an important step in addressing compensation inequality among employees. It is an essential component of any diversity, equity, and inclusion (DEI) program and, when done correctly, can increase employee satisfaction, enable an organization to proactively mitigate inequity, and reduce legal liability. However, one of the most complex issues…
Read MoreNasdaq Obtains SEC Approval for New Board Diversity Rule
Last month, Nasdaq obtained approval from the U.S. Securities and Exchange Commission (SEC) to require a new board diversity rule for public companies listed on its stock exchange. According to a fact sheet issued by Nasdaq, the rule is intended to “encourage a minimum board diversity objective for companies and provide stakeholders with consistent, comparable…
Read MoreProtection for Good Employers: A Look at Rhode Island’s Pay Equity Safe Harbor
Rhode Island recently reformed its pay equity law in an effort to ensure fairness in compensation for all employees and enhance accountability measures for individuals who have experienced wage discrimination in the workplace. One key feature of the amended law is legal protection for employers who perform a proactive pay equity audit. The Rhode Island…
Read MoreKey Steps for Achieving A Successful DEI Workplace Culture
Now, more than ever, organizations must foster a more diverse, equitable, and inclusive work culture. Creating a more equitable work organization isn’t just the right thing to do, but is also an important business decision. A 2019 report from consulting firm McKinsey & Company proves the business case for workplace equity, by illustrating how equitable…
Read MoreCanada Pay Equity Act Takes Effect Today
The Canada Pay Equity Act goes into effect today, August 31, 2021, marking the official commencement of a major international move to advance workplace equality. The Act has been highly anticipated since its original passage in 2018. Now that the law is in full force, affected employers must develop and implement pay equity plans that…
Read MoreColorado Updates Pay Transparency Guidance
Colorado’s Equal Pay for Equal Work Act is proving to be a work in progress as both state employers and legislators navigate its multi-layered requirements. Following the Act’s passage, the Colorado Department of Labor and Employment (CDLE) issued Equal Pay Transparency Rules (EPT Rules) with additional information on job and promotional postings for employers. CDLE…
Read MoreNYDFS To Require DEI Reporting From Financial Institutions
New York state is joining in on the evolving commitment to achieve and sustain more diverse, equitable, and inclusive (DEI) workforces, as a recent letter issued by New York Superintendent of Financial Services, Linda. A Lacelwell finds. The letter, addressed to New York State banking institutions, emphasizes the importance of diversity, and perspective when making…
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