What is the equal pay law and how does it affect companies (and payrolls)?
Posted: Sun Dec 15, 2024 9:13 am
A reflection on the Equal Pay Act , a new regulation that is currently being processed by Congress
Some companies such as Ikea or Movistar + are already starting to monitor their wage gap after the protests of March 8
According to a study by Fedea (which statistically refined gross salary data from 2014), women earn 12.7% less per hour in similar jobs.
The wage gap is a problem that affects us all, both as a society and as part of a company or family. Combating it with effective tools is one of the challenges we face.
And to this end, the Equal Pay Act is being processed in Congress . The aim is to ensure that no one earns less than their colleague, who is next to them and does the same job, just because austria email list 860976 contact leads they are a woman. In addition, one of the measures that draws the most attention is that companies would have to include information on the average salary , distributed by gender, in employees' pay slips .
If you want to be up to date with all the regulations to comply with payrolls, download this free e-book and find out how.
Download your free guide
The law is currently being processed and the different groups will have to negotiate the final text, as well as the regulations that govern it. For companies it can be quite a challenge, not because many of the measures will entail a higher cost, but because those that are not fair to their employees will see their shame exposed. One of the issues that are being promoted to achieve this is to give greater publicity to salaries .
Regulatory framework and need for the Equal Pay Act
Currently, under the current legislative framework, differences between men and women in their remuneration are already prohibited . The Law on Infringements and Sanctions in the Social Order classifies wage discrimination based on sex as very serious , while the Workers' Statute obliges companies to do the same.
Start of marked textShare! A company can be sanctioned if an employee reports that she receives less pay than her male colleague because she is a woman.End of marked text
In other words, a company can be sanctioned if a female employee reports that she is paid less than her male colleague because she is a woman. However, this practice is not so easy to prove given the salary secrecy policies that many organizations employ. In most of them, salaries are not public, among other things because salary differences can create a bad atmosphere among employees.
Half of the wage gap is not due to the base salary , but to the supplements and add-ons to it , which are often discretionary on the part of companies. The aim of the new law is to propose measures to end this secrecy regarding salaries and force companies to end this wage inequality.
Some companies such as Ikea or Movistar + are already starting to monitor their wage gap after the protests of March 8
According to a study by Fedea (which statistically refined gross salary data from 2014), women earn 12.7% less per hour in similar jobs.
The wage gap is a problem that affects us all, both as a society and as part of a company or family. Combating it with effective tools is one of the challenges we face.
And to this end, the Equal Pay Act is being processed in Congress . The aim is to ensure that no one earns less than their colleague, who is next to them and does the same job, just because austria email list 860976 contact leads they are a woman. In addition, one of the measures that draws the most attention is that companies would have to include information on the average salary , distributed by gender, in employees' pay slips .
If you want to be up to date with all the regulations to comply with payrolls, download this free e-book and find out how.
Download your free guide
The law is currently being processed and the different groups will have to negotiate the final text, as well as the regulations that govern it. For companies it can be quite a challenge, not because many of the measures will entail a higher cost, but because those that are not fair to their employees will see their shame exposed. One of the issues that are being promoted to achieve this is to give greater publicity to salaries .
Regulatory framework and need for the Equal Pay Act
Currently, under the current legislative framework, differences between men and women in their remuneration are already prohibited . The Law on Infringements and Sanctions in the Social Order classifies wage discrimination based on sex as very serious , while the Workers' Statute obliges companies to do the same.
Start of marked textShare! A company can be sanctioned if an employee reports that she receives less pay than her male colleague because she is a woman.End of marked text
In other words, a company can be sanctioned if a female employee reports that she is paid less than her male colleague because she is a woman. However, this practice is not so easy to prove given the salary secrecy policies that many organizations employ. In most of them, salaries are not public, among other things because salary differences can create a bad atmosphere among employees.
Half of the wage gap is not due to the base salary , but to the supplements and add-ons to it , which are often discretionary on the part of companies. The aim of the new law is to propose measures to end this secrecy regarding salaries and force companies to end this wage inequality.