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Cafe Classic: FABulous Pay Improves Talent Acquisition

Compensation Cafe

Features are the basic facts about your pay elements and their unique components. Examples include: 1) “Our pay philosophy is to offer moderate base pay with an industry-leading potential for incentive pay.”. Our pay philosophy allows us to ensure our best employees are paid for excellent performance.”.

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Pay Equity Reporting: Corporate Sustainability Directive vs IFRS

Trusaic

At the same time, the IFRS is also expanding references to standards related to equal pay. What does it mean for global pay equity reporting? That includes equal pay for work of equal value, a principle enshrined in EU treaties. What does IFRS Reporting require?

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UK Ethnicity Pay Gap Reporting: What It Means for Employers

Trusaic

In April 2023, the UK government published new guidance for employers on how to measure, report on and address ethnicity pay differences within their organizations. Here we consider how to collect, track, and analyze ethnicity data for companies which voluntarily publish ethnicity pay gap reports.

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Canada Pay Equity Act Anticipated to Take Effect This Year

Trusaic

In a landmark effort to ensure that pay equity is both achieved and maintained , the Canadian parliament passed the Pay Equity Act in December of 2018. The Pay Equity Act will create new proactive pay obligations on employers in the public and private sectors. What is the pay equity plan?

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California Pay Data Reporting Most Commonly Asked Questions

Trusaic

SB 973 authorizes California’s Department of Fair Employment and Housing (DFEH) to enforce the annual reporting of pay and hours worked data for employers with California employees. Here are a few answers to frequently asked questions regarding California’s new pay data reporting requirement. Who Has to Submit a Pay Data Report?

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UK Employers: Gender Pay Gap Reports are Coming

Trusaic

And there is also the fast-approaching deadline for submitting UK gender pay gap reports (March 30, 2021 for most public employers, and April 4, 2021 for private employers). In anticipation of this deadline, the government published a collection of gender pay gap reporting guidance on December 14, 2020. . Their mean gender pay gap.

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How Your Organization’s EEO-1 Pay Data Could Fall into the Hands of Third Parties

Trusaic

EEO-1 reports for 2019 are now required to include hours-worked and pay data information on their employees for calendar years 2017 and 2018. Component 2 tracks employees by annual salary, in thousands of dollars, divided into 12 unique pay bands corresponding to each of the nine EEO-1 job types. 1) “Section 83” Request to the EEOC.

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