2028 Compensation Data Diversity 
Trusaic
APRIL 4, 2023
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?
Trusaic
SEPTEMBER 26, 2023
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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Trusaic
NOVEMBER 7, 2023
Pay transparency is the open sharing of information on compensation with current and prospective employees. It requires employers to provide clear and accessible details about salary ranges and additional compensation, such as benefits and bonuses. Compensation for recovery of back pay is uncapped. What is pay transparency?
Trusaic
MARCH 7, 2024
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.
Engagedly
NOVEMBER 16, 2023
Bureau of Labor Statistics states that healthcare jobs will grow by 13% from 2018 to 2028. Welcoming new technology The healthcare industry is rapidly evolving, and it comes with the need for new technology to manage the ever-growing amount of data. How can HR manage a diverse workforce?
Empuls
JANUARY 29, 2024
Financial well-being: Offering competitive compensation and guidance on personal finance management enhances financial security. But you can start small, aiming first for mental health initiatives, an established reward system, and combining inclusiveness with workplace diversity. workers acknowledge the benefits of emphasizing DEI.
Analytics in HR
JUNE 30, 2023
Building productive teams – One of the core aims of talent acquisition is to help companies build teams with a diverse set of skills, knowledge, and backgrounds. Creating a diverse and inclusive workplace – Talent acquisition strategies also allow organizations to create a more diverse and inclusive workforce.
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