Posts Tagged ‘Pay Equity Audit’
Pay Equity Reporting: Corporate Sustainability Directive vs IFRS
Sustainability reporting is expanding across all industry sectors. Foremost among these is the EU’s Corporate Sustainability Reporting Directive (CSRD), which takes effect in 2024. At the same time, the IFRS is also expanding references to standards related to equal pay. What does it mean for global pay equity reporting? Corporate Sustainability Directive Summary EU sustainability standards…
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 MoreEqual Pay for Work of Equal Value: EU Directive & Canadian Pay Equity
When it comes to closing the gender pay gap, the EU Pay Transparency Directive is streets ahead in global terms. “Equal pay for equal work or work of equal value” is a founding principle enshrined in Article 157 of the Treaty on the Functioning of the European Union (TFUE). It is also a driving principle…
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 MoreUS Pay Equity Regulations and the EU Pay Transparency Directive
Complying with pay equity regulations is a constant challenge for employers operating in multiple jurisdictions. In this article we explore the parallels between the EU Pay Transparency Directive, and the diverse state-level regulations and federal laws in the US. US compliance: challenges facing employers As they endeavor to ensure workplace fairness and equal compensation, American…
Read MorePay Equity Claims Are On The Rise: How Can Employers Navigate Complex Legislation?
As pay equity legislation expands, the number of equal pay claims is increasing. More than 950 pay discrimination charges were filed with the EEOC in fiscal year 2022, the first increase in Equal Pay Act pay discrimination charges in three years. In this article we explore the definition of equal pay, consider the reasons behind…
Read MoreIs AI In Salary Management the Solution To Pay Equity?
The combination of machine learning (ML) and AI in salary management could help HR to determine the “perfect salary” for employees. Pay equity legislation and the risk of equal pay claims is forcing employers to review the way in which compensation decisions are made. They also want salary decisions to reflect individual skills rather than…
Read MoreAI in HR: Can You Trust Your Pay Equity Software Provider?
EEOC Title VII guidance released last month highlighted the need for employers to partner with a trusted pay equity software provider. The technical assistance document outlined the application of Title VII of the Civil Rights Act of 1964 to automated systems. It aims to prevent discrimination caused by AI to job applicants and employees, including…
Read MoreMicrosoft’s Decision on Pay Raises Makes Pay Equity a Priority
Microsoft is skipping employee pay raises for full-time salaried employees and its senior leadership team in 2023, a move announced by CEO Satya Nadella which contrasts with its 2022 salary increases. Employee bonuses, stock awards and promotions will continue. Microsoft’s decision on pay raises reflects a growing trend in the tech sector. Only 35% of…
Read MoreWhy the Next Equal Pay Case Matters to Every Employer
In May 2023, 2,000 employees of UK retailer Next plc, won the second stage of their equal pay claim. In the second stage of the Next equal pay case, an employment tribunal ruling agreed that the work of its predominantly female sales consultants was of equal value to warehouse jobs occupied by mainly male workers. …
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