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Pay transparency is coming for the global workforce. Is your HR department ready?

HR Brew

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 software platform Syndio. Best practices.

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Latvia’s Path Toward Shrinking the Gender Pay Gap Under EU Directive

Trusaic

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. The first large organizations will need to submit pay data reports by June 6, 2027.

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Charter and Independent Schools Prepare for the Latest Federal Overtime Pay Rule

Extensis

As a result, charter and independent schools must evaluate their pay strategies to meet industry standards, preserve fair compensation among staff members, and maintain compliance with the ruling. Under the new rule, the total yearly compensation rate to be considered a HCE will rise to $132,964 by July 1, 2024.

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HR Beginner’s Guide for the EU Pay Transparency Directive

Peoplebox

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.

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HR Beginner’s Guide for the EU Pay Transparency Directive

Peoplebox

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.

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What SMBs Should Know About the 2024 Overtime Rule Salary Threshold

Extensis

The rule also raises the minimum total compensation requirement. Currently, highly compensated employees (HCEs) with a total annual salary of $107,432 or higher are deemed exempt from overtime. Under the new rule, the total yearly compensation rate will rise to $132,964 by July 1, 2024.

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What SMBs Should Know About the 2024 Overtime Rule Salary Threshold

Extensis

The rule also raises the minimum total compensation requirement. Currently, highly compensated employees (HCEs) with a total annual salary of $107,432 or higher are deemed exempt from overtime. Under the new rule, the total yearly compensation rate will rise to $132,964 by July 1, 2024.