There is increasing pressure on companies to be more transparent about how (and how much!) they remunerate their staff, especially as greater pay transparency is seen as a key driver in reducing the gender and ethnicity pay gap.
In our second virtual panel discussion in our 2024 “Global Board Issues” series, our speakers explored key challenges and opportunities for global companies when it comes to pay equity and transparency, including:
What do we mean by “pay transparency” and “pay equity”?
Why do these issues matter to the board and its ESG and sustainability strategy?
The evolving legislative landscape in key jurisdictions around the world – recent/forthcoming changes to be aware of, including how to prepare for the EU Pay Transparency Directive.
Action points – key challenges when seeking to implement greater pay transparency/pay equity and how to address them.
Lessons learned – we share our experiences of advising on pay transparency and global pay equity audits.