Posts Tagged ‘Gender Equality’
International Women’s Day: Inspiring Inclusion with Pay Equity
March 8, 2024 is International Women’s Day. Among the items to celebrate this year is the U.S. gender pay gap falling to its lowest level on record in 2023.
Read MoreEqual Pay Protection & Brexit: What’s Next for the UK?
As EU member states prepare for the EU Pay Transparency Directive, the UK has dispensed with hundreds of EU-derived laws under its Schedule of Retained Law. What does that mean for equal pay protection and UK gender equality? Below, we explore the impact of Brexit and equal pay, and consider whether the UK will experience…
Read MoreCSRD Reporting Standards Take Effect January 1, 2024
January 2023, saw the adoption of the EU’s Corporate Sustainability Reporting Directive (CSRD). From as early as January 2024, companies across the EU’s 50 member states must comply with CSRD Reporting Standards. The number of companies affected by sustainability reporting obligations is predicted to rise from 11,700 to 50,000. 10,000 of those are non-EU organizations, and…
Read MoreBreaking Gender Barriers in Mining: South Flank Case Study
A remote Australian mine is seemingly achieving the impossible in breaking gender barriers in the workplace. South Flank, a BHP iron ore mine in Western Australia, has achieved an impressive gender balance. 40% of its frontline employees and four out of its six senior managers are women. The ILO (International Labor Organization) defines gender balance,…
Read MoreESG Developments: The Impact of CSRD on Pay Equity
On January 5, 2023, the EU’s Corporate Sustainability Reporting Directive (CSRD) came into force, replacing the EU’s 2014 Non-Financial Reporting Directive (NFRD). In this article we explore the latest ESG developments and their impact on pay transparency. Closing the gender pay gap is a key component of the CSRD. Potential ESG impact on non-EU employers More than…
Read MoreGoldman Sachs, the NFL and the Gender Pay Gap
Two major organizations, the NFL and investment bank Goldman Sachs, are facing fallout amid accusations of workplace discrimination and the gender pay gap. Goldman Sachs settlement Following a gender discrimination class action lawsuit which began in 2010, investment bank Goldman Sachs agreed to pay $215 million in settlement. The case, involving 2,800 female associates and…
Read MoreNational Strategy to Achieve Gender and Racial Equity Released
Late last month, the first-ever national strategy for achieving gender and racial equity was published. The strategy is part of the Biden administration’s Executive Order 14020, first enacted on International Women’s Day in March of this year. The order created the first-ever White House Gender Policy Council and tasked the group with developing a national…
Read MoreThree Essential Pay Equity Practices, According to Iceland
3 minute read In the U.S., comprehensive pay equity legislation is long overdue. This congressional inaction means that U.S.-based companies must look overseas to gauge how foreign markets and governments are responding to the growing international movement for gender equality in the workplace. According to a new article in the Harvard Business Review, Iceland has…
Read MoreU.K. Race and Ethnicity Pay Gap Reporting Obligation to Be Debated By Parliament
Effective 2017, the United Kingdom requires employers with over 250 employees to report on their gender pay gaps. While that obligation is currently suspended based on COVID-19, it is expected to return. Now, recent events have led to a platform for expanding that obligation to include race and ethnicity-based pay gaps. According to a post…
Read MorePay Equity Laws Abroad are Rapidly Evolving. U.S. Employers Should Take Note
Pay Equity is increasingly becoming a major operational imperative for businesses at home and abroad. Achieving Pay Equity means eliminating unlawful discrimination from the wage-setting process. The rising importance of Pay Equity for employers globally can be attributed to rapidly evolving laws regulating the payment of wages. In this article, Trusaic takes you on a…
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