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Prosper Consulting, LLC

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Prosper Consulting, LLC

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    • HR & Compensation Consulting
    • Career & Pay Negotiation Coaching
    • Workshop & Speaking Topics
  • About
  • Community
  • Careers
  • Contact
  • Resources
    • Blog
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    • Career Resources
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Pay Transparency: The Continuing Challenge for Employers

August 9, 2024 Denise Liebetrau

Nearly 50% of employees in the U.S. will be covered under pay transparency laws by 2026. Where do pay transparency laws exist today in the U.S?

1.        California

2.        Colorado

3.        Connecticut

4.        Hawaii

5.        Illinois

6.        Maryland

7.        Minnesota

8.        Nevada

9.        Albany, New York

10.   Ithica, New York

11.   New York City, New York

12.   New York State

13.   Westchester County, New York

14.   Jersey City, New Jersey

15.   Cincinnati, Ohio

16.   Toledo, Ohio

17.   Rhode Island

18.   Vermont

19.   Washington D.C

20.   Washington State

Employers: Complying is complex because these laws are not the same from location to location. You are at a competitive disadvantage if you are not moving toward more transparency about pay.

AND pay data reporting is a global trend. Currently, 28 countries around the globe require some type of pay reporting. The EU Directive on Equal Pay and Transparency will bring this to at least 42 countries.

The laws in each country are different. Some are focused on pay equity, others look at pay gaps, and others have a salary registry component.

Syndio has a Global Pay Reporting Calculator (https://synd.io/global-pay-data-reporting-calculator/) you can use to determine the jurisdictions in which your company meets employee thresholds for reporting pay data. How many employees do you have in each of these locations?

1.        Australia

2.        Austria

3.        Belgium

4.        Brazil

5.        Bulgaria

6.        Canada

7.        Chile

8.        Croatia

9.        Cyprus

10.   Czechia

11.   Denmark

12.   Estonia

13.   Finland

14.   France

15.   Germany

16.   Greece

17.   Hungary

18.   Iceland

19.   India

20.   Ireland

21.   Israel

22.   Italy

23.   Japan

24.   Korea

25.   Latvia

26.   Lithuania

27.   Luxembourg

28.   Malta

29.   Netherlands

30.   Norway

31.   Poland

32.   Portugal

33.   Romania

34.   Slovakia

35.   Slovenia

36.   South Africa

37.   Spain

38.   Sweden

39.   Switzerland

40.   Ukraine

41.   United Kingdom

42.   U.S. – California, Illinois, and Minnesota

Is your HR and Compensation function adequately staffed to meet these global requirements? 

#paytransparency #payequity #fairpay #compensation #hr #humanresources #pay #rewards #compliance #globalpaydatareporting #eudirective

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