Workplace culture has become more open, inclusive and fair as employers and governments have embraced diversity, equity and inclusion. In December 2022, the European Parliament and the European Union Council reached a political agreement on measures in the Directive on Equal Pay and Pay Transparency.
The business case for equal pay and pay transparency covers three distinct areas:
Legal complianceGender pay reporting of some form is a legal requirement in an increasing number of countries in Europe and across the world, and pay transparency is also an increasing requirement.
Employee experienceA culture of transparency — done correctly — drives better workforce outcomes.
Pay equityPay transparency, when coupled with robust analytics, can support fairer pay and career-equity outcomes.