New EU rules for pay transparency

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The 𝐄𝐮𝐫𝐨𝐩𝐞𝐚𝐧 𝐏𝐚𝐫𝐥𝐢𝐚𝐦𝐞𝐧𝐭 𝐡𝐚𝐬 𝐚𝐩𝐩𝐫𝐨𝐯𝐞𝐝 𝐭𝐡𝐞 “𝐄𝐔 𝐏𝐚𝐲 𝐓𝐫𝐚𝐧𝐬𝐩𝐚𝐫𝐞𝐧𝐜𝐲 𝐃𝐢𝐫𝐞𝐜𝐭𝐢𝐯𝐞,” 𝐰𝐡𝐢𝐜𝐡 𝐚𝐢𝐦𝐬 𝐭𝐨 𝐜𝐥𝐨𝐬𝐞 𝐭𝐡𝐞 𝐠𝐞𝐧𝐝𝐞𝐫 𝐩𝐚𝐲 𝐠𝐚𝐩 by giving employees access to information about their salaries and the necessary tools to claim their right to equal pay.

𝐖𝐡𝐚𝐭 𝐜𝐡𝐚𝐧𝐠𝐞𝐬?

🟢 Employers must know about the initial wage level or pay scale in the job announcement or before the interview. Employers cannot ask future employees about their pay history.

🟢 Employees have the right to request information about their individual salary level and the average salary level, broken down by gender, for categories of employees doing the same work or work of equal value. This right applies to all employees irrespective of company size.

🟢 Obligation to report annually on the gender pay gap for companies with more than 250 employees. Companies with more than 100 employees should report every three years.

🟢 A joint pay gap assessment must be conducted with employee representatives if the gender pay gap exceeds 5%.

Companies have three years to comply, and non-compliance can result in fines and compensation for employees who have been victims of gender pay discrimination.

𝐒𝐨𝐮𝐫𝐜𝐞: https://lnkd.in/gzUpvQFW