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EU Agrees to Stricter Rules for Wage Transparency to Close Gender Pay Gap

After the European Parliament, the EU countries also agreed to stricter rules for more wage transparency. Among other things, companies with more than 250 employees will have to submit an annual report on the extent to which wages differ between men and women, the EU states announced on Monday. Smaller companies are also affected, but less strictly: they have to submit this information less often and sometimes only start in around 8 years instead of 4.

According to information from the EU Parliament, companies with fewer than 100 employees must provide the relevant information if employees request it. The new regulation aims to make it easier to compare salaries and uncover any differences in wages.

According to the information, women in the EU earn an average of 13 percent less than men. According to EU information, the so-called gender pay gap has narrowed only minimally in recent years.

Confidentiality clauses about the salary should also be prohibited in the future. According to the will of the EU, a mandatory investigation together with employee representatives is also planned if a wage difference between the sexes of 5 percent or more is found in a company.

2023-04-24 15:53:19
#companies #disclose #salary #differences #future

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