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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. Reporting on pay equity is a key element for all companies required to produce an Annual Sustainability Report. What does it mean for pay equity?

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Technically HR: New financial wellness partnership can help your employees file their taxes

HR Brew

You use a third-party service; you bring all your data in; it’s kind of disconnected, and it’s one [time] once a year. The platform’s last funding round was led by Bain Capital Investing, according to Forbes. Today, largely, tax lives separate from an individual’s financial life,” Nachbar said. Watson said. And it’s becoming table stakes.

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CSRD Reporting Standards Take Effect January 1, 2024

Trusaic

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. Financial materiality : effects of sustainability on the company’s financial position.

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What Makes a Good Performance Management System for HR?

ClearCompany HRM

Although human resources technology hasn’t always been what you’d describe as cutting-edge, that’s quickly changing — it’s expected to be a $35 billion industry by 2028. Companies canceled performance reviews or gave perfect scores to every employee. See how individual and team goals align with company goals. via Gallup).

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International Women’s Day: Inspiring Inclusion with Pay Equity

Trusaic

Gender Pay Gap Falls to a Record Low As data from the Bureau of Labor Statistics shows, the pay gap has fallen to an all-time low. Based on current data, Black Women still have to wait until July 27 for their Equal Pay Day. By carrying out a pay equity audit, compensation data is systematically analyzed and pay disparities identified.

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Is 2023 the Year of the Contract Worker?

Linkedin Talent Blog

Companies across a wide variety of sectors , from technology to advertising, are leaning more heavily on freelancers. According to the Future of Recruiting report, nearly one quarter of corporate recruiting pros predict their companies will invest more in staffing agencies and executive recruiters. I think that’s a benefit.”

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Class Action Pay Transparency Lawsuits On The Rise

Trusaic

Over one in four US workers are covered by pay transparency legislation according to data from the National Women’s Law Center. What’s more, August 2023 data from Indeed shows that half of US job listings now include pay information, and that figure is rising. And there are signs of progress.