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Navigating EU CSRD and Pay Equality

Trusaic

Rules relating to this directive will begin applying in 2025 for financial year 2024 for large organizations, through 2029 for financial year 2028 for smaller businesses. Employers in member countries will be fined for failing to comply, while employees will be entitled to compensation. What does it mean for pay equity?

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HR Competencies for 2025 – A Future Standard

Digital HR Tech

In this article, we introduce a new HR competency framework for 2025, which we believe will become the new standard for HR. These are, for example, L&D, compensation and benefits, or people analytics. Subsequently, we have defined four critical capabilities that any HR professional needs to perform well in their role in 2025.

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An Employers Guide to Agile Compensation Strategies

Hppy

By 2025, millennials will account for 75% of the world’s workforce. Is your compensation plan like an ocean liner or speedboat? In addition, pay grades can be a helpful framework for streamlining compensation if market data is not found to price jobs. What does an agile compensation strategy look like?

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World of HR: At Hitachi, it pays to embrace diversity…literally

HR Brew

Hitachi, a Tokyo-based tech company, will include DE&I in its employee performance reviews starting in April 2025, Nikkei Asia news reported. While DE&I efforts in the US have become the target of right-wing politics, they’re full steam ahead in Japan, where one company will reward employees who foster a diverse workplace.

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Pay transparency requirements are coming to Illinois

Trusaic

Signed by Governor Pritzker on August 11, 2023, Bill HB3129 comes into effect on January 1, 2025. Salary information must be provided prior to any conversations around compensation, or on request. Alongside New Jersey, it is one of just two states aiming to ensure fair compensation and equal treatment of temporary workers.

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McDonald’s US CPO Tiffanie Boyd explains why the chain ties HR goals to performance

HR Brew

If corporate leaders don’t meet those goals, they won’t get the highest performance rating, which can in turn affect their compensation. In 2021, McDonald’s set a goal to increase the share of US senior management from underrepresented groups to 35%, up from 29%, by 2025.

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CSRD Reporting Standards Take Effect January 1, 2024

Trusaic

In terms of pay data reporting, ESRS Standard 1 requires organizations to disclose: “ the percentage gap in pay between women and men and the ratio between the compensation of its highest paid individual and the median compensation for its employees. Reporting in 2025 on 2024 data). Reporting in 2026 on 2025 data ).

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