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EY Labor and Employment Law guide – Pay transparency
From a legislative point of view, one can see a significant shift towards greater pay transparency and equity. Navigating diverse regulations is crucial to mitigate risks such as litigation, reputational damage and workforce discontent. Embracing pay transparency not only ensures compliance but also enhances company culture and employer brand. Employers must reassess pay structures, offer training, and align corporate values with tangible pay outcomes. However, implementing effective pay transparency strategies requires careful consideration of legal complexities, especially for organizations operating across multiple jurisdictions.
The EY Global Labor and Employment Law Strategic Guide provides insights into pay transparency regulations globally, where they are currently in force in 38 jurisdictions, aiding organizations in navigating this evolving landscape.