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In our daily work with talent leaders and solution providers, we run into some incredible technology. These tools available to organizations right now can help them hire, develop, and retain their people, and the platforms and systems are amazing in their ability to support intelligent decisions, personalized actions, and more.
The Pay Equity Related Standard and Auditor Requirements of the EU Corporate Sustainability Reporting Directive state: “Under the draft standards, the employer must report the Basic Salary and Remuneration Ratio (or Annual Total Compensation Ratio) between male and female employees.
While pay transparency has been top of mind for many US-based HR managers in recent years, legislation requiring companies to share more information about compensation is taking effect across the world. Some 28 countries “require some type of pay reporting,” according to pay-equity softwareplatform Syndio. Best practices.
Achieve Authentic Pay Equity With Software By 2026, EU employers with 250 or more employees must report on gender pay gaps. Further, Latvian employers should proactively evaluate their current pay practices and overall compensation philosophy. Prepare to act when pay gaps exceed 5%.
Their compensation split is much different. Talent (KSA) Assessment. Talent assessment of knowledge, skills and abilities (KSA) will remain a critical recruiting skill whether you are a recruiter in 2016 or 2026. They are responsible for filling roles for many organizations often at once. The Art of Selling. Marketing.
We also look at the vital role of pay equity software. Legislation includes the requirement for a Joint Pay Assessment where an unjustified gender pay gap of 5 percent or more exists. Workers who suffer gender pay discrimination are entitled to uncapped compensation, including full recovery of back pay and related bonuses.
Streamline Your Global Pay Data Reporting Efforts Italian employers should proactively evaluate their current pay practices and overall compensation philosophy. Employers can lean on pay equity softwaresolutions to expedite this process and determine root causes of potential pay disparities. Compensation equity by gender.
However, there will be some additional requirements imposed upon them as the law, which must be in effect by June 2026, progresses. Spanish employers should proactively evaluate their current pay practices and overall compensation philosophy. In effect, by 2026, all large employers (250+ employees) must report gender pay gaps.
Thus, all German employers will have to make a significant adjustment to make ahead of its anticipated implementation in June 2026. Additionally, German employers should proactively evaluate their current pay practices and overall compensation philosophy. By 2031, all smaller employers (100 or more employees) will have to comply.
Additionally, Finnish employers should proactively evaluate their current pay practices and overall compensation philosophy. Employers can lean on pay equity softwaresolutions to expedite this process and determine root causes of potential pay disparities. All 27 member states are required to adopt the directive.
average gender pay gap in the EU. The impetus for the EU Pay Transparency Directive is to increase the accountability and transparency of employers when it comes to compensation. To comply with the EU Directive, Austrian organizations with 250 or more employees will have to adapt to much more stringent requirements by 2026.
EU member states have three years to transpose the Directive into law (until June 7, 2026). What is the EU’s Joint Pay Assessment? Workers are entitled to compensation for recovery of back pay and related bonuses or payments in kind. Compensation is uncapped. How effective is pay equity legislation?
That meansmaking the most of their skills and qualifications by putting them in the right roles, giving them the tools and support they need to do their best, and nurturing their development. Hiring in the Construction Labor Shortage The construction industry needs two million additional workers to meet demand by 2026.
Employers with operations in Portugal should proactively evaluate their current pay practices and overall compensation philosophy. Employers can lean on pay equity softwaresolutions to expedite this process and determine root causes of potential pay disparities. All 27 member states are required to adopt the directive.
Employers with operations in Ireland should proactively evaluate their current pay practices and overall compensation philosophy. Employers can lean on pay equity softwaresolutions to expedite this process and determine root causes of potential pay disparities. All 27 member states are required to adopt the directive.
Streamline Your Global Pay Data Reporting Efforts Employers with operations in Denmark should proactively evaluate their current pay practices and overall compensation philosophy. Employers can lean on pay equity softwaresolutions to expedite this process and determine root causes of potential pay disparities.
Organizations have three years – until June 7, 2026 – before pay transparency legislation is transposed into law. A Joint Pay Assessment is triggered if the pay gap cannot be justified on objective gender-neutral criteria, and is not resolved within six months. But three years is only a short time when the EU faces a 12.7%
Financial services, construction, technology, mining and quarrying, scientific and technical, and education and professional report the biggest gender pay gaps. EU Pay Transparency Directive versus UK employment laws EU member states face significant changes to pay transparency legislation, which must be transposed into law by June 7, 2026.
Illinois, Maryland, and New York City have also introduced legislation to minimize and eliminate AI bias in automated employment decision tools (AEDTs). Closing the gender pay gap: the EU Pay Transparency Directive Staying a step ahead of the rest of the world is the EU Pay Transparency Directive , which must be transposed into law by 2026.
They should also have the ability to assess how well a prospective employee will fit into the company’s culture. In their role, they assist in creating job descriptions, job postings and assess applications to reach out to the best possible applicants. Ability to use Technology. Advertisement. What do HR recruiters do?
Equal pay for equal work means employees performing similar tasks receive comparable compensation regardless of gender. The first public report on pay disparities due by June 7 2027 will require data from 2026. This timeline gives organisations just two compensation cycles to make adjustments.
Equal pay for equal work means employees performing similar tasks receive comparable compensation, regardless of gender. The first public report on pay disparities, due by June 7, 2027, will require data from 2026. This timeline gives organisations just two compensation cycles to make adjustments.
DEI initiatives provide strategies and systems that are based on the principles of diversity, equity and inclusion. This means that hires have a range of social identities, and systems ensure that everyone has equal access to them and that all voices are heard within the workplace.
Between 2016 and 2026, employment in this sector is expected to grow faster than the nationwide average for all jobs, placing pressure on financial services firms to fill 773,800 new positions. One way to implement these insights is to develop formalized assessments for both existing staff and incoming candidates. Dr. Elaine D.
It is set to take effect on February 1, 2026. “HR The law identifies certain areas of use as “high risk” and outlines procedures and requirements when employers use the tools in these settings. High risk areas include instances such as hiring, promotion and compensation, performance evaluation, and termination. What’s HR to do?
And the clock is ticking: The upcoming 2025 compensation cycle will be the last merit cycle to make pay adjustments that will be baked into public pay gap reports filed in 2027, as those reports will be based on 2026compensation data. The implementation deadline is June 7, 2026.)
Where an unjustified gender pay gap of 5% or more exists, employers are required to carry out a Joint Pay Assessment (JPA) in cooperation with workers’ representatives. If pay discrimination is proven, employees are entitled to compensation including full recovery of back pay and bonuses. Compensation is uncapped.
Where an unjustified gender pay gap of 5% or more exists, employers are required to carry out a Joint Pay Assessment in cooperation with workers’ representatives. Workers who have suffered gender pay discrimination are entitled to compensation, including full recovery of back pay and related bonuses or payments in kind.
By 2026, EU employers with 250 or more employees must report on gender pay gaps. Achieve Authentic Pay Equity With Software Further, Greek employers should proactively evaluate their current pay practices and overall compensation philosophy. By 2031, smaller organizations (100+ employees) will have to comply.
US compliance: challenges facing employers As they endeavor to ensure workplace fairness and equal compensation, American employers face increasingly complex pay equity legislation. For instance: At least six states assess equal pay claims based on “substantially similar” work. There is no cap on compensation.
Disparate impact” applies to all employment decisions, including those on compensation. It also affects employers using algorithmic decision-making tools, such as pay equity software. If identified, employers should then audit their automated employment decision tools (AEDTs) to assess the potential for a disparate impact.
20,000 new hires primarily in R&D, silicon engineering, software development, AI and machine learning Geographic expansion across nine states: Michigan, Texas, California, Arizona, Nevada, Iowa, Oregon, North Carolina and Washington New manufacturing initiatives, including a Texas factory and doubling the U.S. job market.”
An HR roadmap might seem like just one more process in an already incredibly busy week, month, and year, but this is far more than a planning tool. A roadmap provides clarity and foresight, letting HR leaders anticipate challenges and implement proactive solutions.
The latest Pratt & Whitney strike update comes to us from Reuters , as the platform received confirmation of the continuation of negotiations from both the union and the company. Despite the novel strategy, this is a temporary solution and likely one that cannot sustain production in case of a prolonged strike.
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