Special thanks to co-presenter, Monica Kurnatowska.
The trend in increased pay equity-related reporting requirements for employers is just one reason more organizations are conducting pay equity audits to identify and correct pay variations between employees who perform similar work. The recently adopted EU Pay Transparency Directive (read more here) is one more law adding significant reporting obligations for employers, and likely fueling an increase in pay equity audits. But despite their advantages, pay equity audits can be complicated and risky for employers if not conducted carefully — and critically, with guidance from counsel.
In this fifth and final installment of ID&E IMPACT, our Labor and Employment team in the US and UK chat about what’s fueling the trending surge in pay equity audits, the risks and rewards, what organizations should keep top of mind in the pay equity review process, and what employers can expect as a result of the EU Pay Transparency Directive reporting requirement.
Click here to watch the video.