Get Ready for the EU Pay Transparency Directive
Make sure your company is ready for the EU Pay Transparency Directive. The new regulations require companies to share information on salaries and take action if their gender pay gap exceeds 5 percent. Companies need to get prepared by structuring their jobs and setting new processes in place.
Get Prepared
Evaluate Your Current Status
Let’s start by taking a look at what you have and what you need.
1. Internal Structures: Do you have job evaluation, job architecture/structure, and salary ranges in place?
2. Policies and Guidelines: What is the status of your guiding principles and how transparent are they?
3. Pay Equity Analysis: Have you made internal salary comparisons? Do you have a system to support analysis?
4. Salary Reporting: Do you have processes to support the disclosure and reporting of salary levels?
5. Transparency: How transparent are you currently with managers and employees regarding job levels, salary ranges, salary criteria, and performance assessments?
6. Communication: How do you currently communicate around pay and what training are provided to HR and managers?
Get Prepared
Evaluate Your Current Status
Let’s start by taking a look at what you have and what you need.
1. Internal Structures: Do you have job evaluation, job architecture/structure, and salary ranges in place?
2. Policies and Guidelines: What is the status of your guiding principles and how transparent are they?
3. Pay Equity Analysis: Have you made internal salary comparisons? Do you have a system to support analysis?
4. Salary Reporting: Do you have processes to support the disclosure and reporting of salary levels?
5. Transparency: How transparent are you currently with managers and employees regarding job levels, salary ranges, salary criteria, and performance assessments?
6. Communication: How do you currently communicate around pay and what training are provided to HR and managers?
ON-DEMAND LEARNING
Pay Setting for HR and Managers
Equip HR and managers with the skills needed to make confident, well-founded pay decisions — and communicate them clearly to employees across the organisation.
- Create a common language for pay discussions
- Strengthen consistency across teams
- Prepare the organisation for increased transparency requirements
Get the Support You Need
RewardSmarter is here to support your organisation in this transition. We can advise and support your efforts in creating a job structure, job grading of roles, establishing salary ranges, and much more. Submit your inquiry, and we will get back to you shortly.
You can also email us at info@rewardsmarter.com.