Posts Tagged ‘Pay Equity Audit’
California Updates Pay Data Reporting Requirements for 2024
Pay data reporting season is underway in California, as the state’s reporting portal opened Feb. 1, 2024. This year, organizations are required to report on three new data points. The 2024 deadline for submitting SB 1162’s required pay data report including annual mean and median pay data is May 8. Below we’ll take a look…
Read MorePay Equity Deep Dive Part II: Wage Influencing Factors and Reliability Testing
This is Part II of our “Pay Equity Deep Dive Series.” Part I focused on Compensation Philosophy Review and Pay Analysis Group formation and testing. Part II focuses on Wage Influencing Factors (WIFs) and Reliability and Robustness Testing. A Wage Influencing Factor (WIF) is a factor reflecting skill, effort, responsibility, working conditions, or location applied…
Read MorePay Equity Deep Dive Series: Part 1
We’re seeing more organizations take action on pay equity. According to a 2022 WorldatWork survey, 70% of participating organizations reported taking action on pay equity. This represents a ten-percentage point increase from 2019. Moreover, of those taking action on pay equity, 80% have an ongoing process for conducting a pay equity analysis. With this in…
Read MoreOFCCP Compliance: Proactively Prepare for Compensation Audits
Expanding OFCCP compliance is part of a wider shift to drive pay equity at the federal level. Earlier this year on August 25, 2023, the OFCCP announced its updated Supply and Service Scheduling Letter and Itemized Listing. Changes to the scheduling letter are far-reaching. Significant amendments relate to the scope of required employee level compensation…
Read MoreSustainability Claims: Has Your Organization Achieved Pay Equity?
So-called “greenwashing” class actions are emerging as a big risk for companies making sustainability claims. Most recently, a court in California threw out a claim against e-commerce site Etsy, albeit with leave to amend. Plaintiffs allege the company’s carbon offset promises are false. Allegations including fraud, misrepresentation and deceit are mostly focused on retailers and…
Read MoreAI Executive Order Issued by Biden Administration
On October 30, 2023, the Biden administration issued its highly anticipated AI Executive Order (EO) on artificial intelligence (AI). Focused on creating a framework for “responsible AI”, the EO expands on the Blueprint for an AI Bill of Rights. Key elements covered in its scope include safety, privacy, equity and civil rights, healthcare and education,…
Read MorePay Transparency Act: British Columbia Takes Action on Equal Pay
British Columbia’s Pay Transparency Act, Bill 13, became effective on May 11, 2023, with an immediate salary history ban. From November 1, employers must also include wage information in job postings and provide annual pay transparency reports. While Canada’s Federal Pay Equity Act is based on the principle of equal pay for work of equal…
Read MoreEqual Pay Transparency Hearing Scheduled in Colorado
On September 29, Colorado’s Department of Labor and Employment released its proposed Equal Pay Transparency (EPT) rules. The update is aimed at providing clarity on the state’s Ensure Equal Pay for Equal Work Act. SB23-105, which comes into effect on January 1, 2024, amends Colorado’s pay transparency statute. A public hearing on the proposed rules…
Read MoreEEOC and WHD Alliance Impacts Every Employer
The EEOC (Equal Employment Opportunities Commission) and Department of Labor WHD (Wage and Hour Division) have agreed on a partnership to enforce “workplace justice issues”. Effective September 13, the EEOC and WHD alliance involves greater collaboration on employment-related matters and regulatory enforcement. Coordination between the two agencies will increase through information sharing, joint investigations, training,…
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…
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