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The CalChamber and others objected vigorously on numerous grounds, noting that: trauma counseling is already covered under workers compensation; counselors are in short supply in California; and small businesses cannot absorb the obligation to provide individual counseling for an undefined length of time.
The Pay Equity Related Standard and Auditor Requirements of the EU Corporate Sustainability Reporting Directive state: “Under the draft standards, the employer must report the Basic Salary and Remuneration Ratio (or Annual Total Compensation Ratio) between male and female employees.
Quick look: By 2026, the HR outsourcing market is expected to grow by $10.90 ASOs handle day-to-day HR administration but do not sponsor employee benefit programs or workers’ compensation coverage. billion between 2021 to 2026. But what is causing this rapid expansion?
The Bureau of Labor Statistics’ Employment Projections 2016-2026 listed nurses among the top occupations for job growth, estimating almost 3.5 Recommendations may be considered to reduce turnover with more attractive compensation and benefits packages. Lack of talent. million vacancies in the next six years.
While pay transparency has been top of mind for many US-based HR managers in recent years, legislation requiring companies to share more information about compensation is taking effect across the world. Best practices. Communications.
Employers in Iceland are only required to report on compensation every three years. Eliminate the Complexities of Global Pay Data Reporting Icelandic employers with operations in the EU should proactively evaluate their current pay practices and overall compensation philosophy. Not asking job candidates about their salary history.
In Europe, the EU Pay Transparency Directive , adopted by the EU Council in 2023, will require member states to enact legislation to comply with the directive by 2026. Being transparent with your compensation practices shows that youre serious about paying fairly, closing pay gaps and avoiding bias.
Some speculate it could kick in as early as July 1, 2025, aligning with the 2025-2026 fiscal year. Others bet on January 1, 2026, to sync with the tax calendar. Its also a chance to rethink compensation strategies in 2025 once we have the No Tax on Overtime Bill pass date. Because its a game-changer.
Achieve Authentic Pay Equity With Software By 2026, EU employers with 250 or more employees must report on gender pay gaps. Further, Latvian employers should proactively evaluate their current pay practices and overall compensation philosophy. Likely implementation dates are 2026, however, some countries may enact legislation earlier.
Organizations increasingly recognize the value of achieving pay equity and being transparent about their compensation philosophy as part of their talent management strategy. The “E” should be at the forefront of all your workplace practices, including compensation.” The “E” is essential to the equation. And it extends from there.
And the clock is ticking: The upcoming 2025 compensation cycle will be the last merit cycle to make pay adjustments that will be baked into public pay gap reports filed in 2027, as those reports will be based on 2026compensation data. The implementation deadline is June 7, 2026.)
Employers are required to calculate six metrics measuring the difference in compensation by gender: Percentage of men and women in each hourly pay quarter, Mean gender pay gap of hourly pay, Median gender pay gap of hourly pay, Percentage of men and women receiving bonus pay, Mean gender pay gap of bonus pay, and Median gender pay gap of bonus pay.
Create a compensation philosophy. When carried out correctly, it helps to ensure consistency in compensation decisions. Globally, the most impactful legislation is the EU’s Pay Transparency Directive which will be in effect for all member states by June 2026. Consider Wage Influencing Factors (WIFs) in your company.
Healthcare organizations are increasingly relying on a flexible workforce to keep fully staffed during busy times or to compensate for seasonal labor fluctuations. economy through 2026, accounting for about 20 percent of all new jobs, according to projections by the Bureau of Labor Statistics. work in the healthcare sector.
Small businesses with 25 or fewer employees would be required to start paying at least $17 per hour next year, and $18 per hour in 2026. Required Poster and Notice Updates California law requires employers to provide employees with notice of their rights under workers’ compensation laws via posted notice.
The analysis should take into account variable compensation such as bonuses, equity awards, etc. The EU Pay Transparency Directive , which will be enacted in some member states as soon as 2025 and will be in effect for all member states by June 2026, is the tipping point. tends to slowly follow.
The FLSA is a federal law that requires employers to pay a minimum wage and overtime compensation for hours worked in excess of a 40-hour workweek. The agreement will be in effect until December 2026. The Wage and Hour Division enforces the Fair Labor Standards Act (FLSA), and the Family and Medical Leave Act (FMLA).
Their compensation split is much different. Talent assessment of knowledge, skills and abilities (KSA) will remain a critical recruiting skill whether you are a recruiter in 2016 or 2026. An agency recruiter works for an organization that specializes in staffing companies typically by a specific niche, silo or vertical.
Thus, all German employers will have to make a significant adjustment to make ahead of its anticipated implementation in June 2026. Additionally, German employers should proactively evaluate their current pay practices and overall compensation philosophy. By 2031, all smaller employers (100 or more employees) will have to comply.
However, there will be some additional requirements imposed upon them as the law, which must be in effect by June 2026, progresses. Spanish employers should proactively evaluate their current pay practices and overall compensation philosophy. In effect, by 2026, all large employers (250+ employees) must report gender pay gaps.
average gender pay gap in the EU. The impetus for the EU Pay Transparency Directive is to increase the accountability and transparency of employers when it comes to compensation. To comply with the EU Directive, Austrian organizations with 250 or more employees will have to adapt to much more stringent requirements by 2026.
Streamline Your Global Pay Data Reporting Efforts Italian employers should proactively evaluate their current pay practices and overall compensation philosophy. In effect, by 2026, all large employers (250+ employees) must report gender pay gaps. Compensation equity by gender. Details of full-time and part-time contracts.
In terms of pay data reporting, ESRS Standard 1 requires organizations to disclose: “ the percentage gap in pay between women and men and the ratio between the compensation of its highest paid individual and the median compensation for its employees. Reporting in 2026 on 2025 data ).
This cash infusion complements employee stock compensation, giving workers immediate rewards while they wait for stock options or ESPP shares to mature. The companys $5 billion EV investment is part of a $50 billion electrification plan through 2026. If EV sales boost the top end, expect another robust payout in March 2025.
Additionally, Finnish employers should proactively evaluate their current pay practices and overall compensation philosophy. In effect, by 2026, all large employers (250+ employees) must report gender pay gaps. Likely implementation dates are 2026, however, some countries may enact legislation earlier.
Belgian employers should proactively evaluate their current pay practices and overall compensation philosophy. In effect, by 2026, all large employers (250+ employees) must report gender pay gaps. As we’ve previously noted, the EU Directive deliberately uses the wider term of “worker” versus “employee” to account for contractors.
Eliminate the Complexities of Global Pay Data Reporting Employers with operations in the EU should proactively evaluate their current pay practices and overall compensation philosophy. In effect, by 2026, all large employers (250+ employees) must report gender pay gaps.
Employers with operations in Sweden should proactively evaluate their current pay practices and overall compensation philosophy. In effect, by 2026, all large employers (250+ employees) must report gender pay gaps. Predominantly female jobs compared to lower-valued jobs that are not predominantly female but receive higher compensation.
With the waning audience numbers for the show, HBO Max cut the funding it was providing to the show until recently, with plans to stop streaming the show in 2026. Bluey , Peppa Pig , and the Children of Cocomelon are the latest sensations. Whats Next For Sesame Workshop?
Employers with operations in Portugal should proactively evaluate their current pay practices and overall compensation philosophy. In effect, by 2026, all large employers (250+ employees) must report gender pay gaps. Likely implementation dates are 2026, however, some countries may enact legislation earlier.
Employers with operations in Ireland should proactively evaluate their current pay practices and overall compensation philosophy. In effect, by 2026, all large employers (250+ employees) must report gender pay gaps. Likely implementation dates are 2026, however, some countries may enact legislation earlier.
Streamline Your Global Pay Data Reporting Efforts Employers with operations in Denmark should proactively evaluate their current pay practices and overall compensation philosophy. In effect, by 2026, all large employers (250+ employees) must report gender pay gaps. All 27 member states are required to adopt the directive.
Key dates March 15, 2026: FSA grace period ends for the 2025 plan year, allowing additional time for eligible expenses. Non-discrimination testing (NDT) Non-discrimination testing ensures that benefit plans dont favor highly compensated employees over others. Employers must communicate these deadlines clearly to employees.
That’s alongside providing compensation, benefits, full-time or part-time status, duties, and access to further advancement. Nor do compensation posting requirements if the jobs are performed entirely outside of Colorado or postings entirely outside Colorado. EU member states must transpose the Directive into law by June 7, 2026.
EU member states have three years to transpose the Directive into law (until June 7, 2026). Workers are entitled to compensation for recovery of back pay and related bonuses or payments in kind. Compensation is uncapped. How effective is pay equity legislation?
Workers who suffer gender pay discrimination are entitled to uncapped compensation, including full recovery of back pay and related bonuses. Employers have until June 7, 2026 before EU pay transparency is transposed into law. Pay equity means employees are compensated fairly for their work, regardless of gender, race, or other factors.
November 1, 2024: organizations with 1,000+ employees November 1, 2025: organizations with 300+ employees November 1, 2026: organizations with 50+ employees While compliance might disclose the gender pay gap within individual companies, it won’t provide pay data reporting across industries and professions. BC Transit, ICBC, and Work Safe BC.
EU Pay Transparency Directive versus UK employment laws EU member states face significant changes to pay transparency legislation, which must be transposed into law by June 7, 2026. Compensation will not be capped. There is a ban on salary history. Member states must establish sanctions for failure to comply.
Organizations have three years – until June 7, 2026 – before pay transparency legislation is transposed into law. In effect, by 2026, all large employers (250+ employees) must report gender pay gaps. It’s just a few months since new pay transparency legislation became EU law. But three years is only a short time when the EU faces a 12.7%
If no tax on overtime starts in California, implementation might align with the 2025-2026 fiscal year. The federal spending bill passed on February 27, 2025, proposed a no-tax-on-overtime framework, but California hasnt yet adopted it. This means starting July 1, 2025, though thats speculative until lawmakers act.
Closing the gender pay gap: the EU Pay Transparency Directive Staying a step ahead of the rest of the world is the EU Pay Transparency Directive , which must be transposed into law by 2026. The burden of proof is on employers to prove there is no pay discrimination.
The idea behind the amendment: to ensure that employers don’t discriminate between employees when they’re being promoted or moving into another job based on gender or other protected status for any form of compensation including bonuses, profit sharing, stock options, or benefits.
The average salary loss is estimated at over £6,000 ($7,500), which could result in tens of millions of pounds in backdated compensation for the retailer. The legislation, which must be transposed into law by 2026, requires employers to act when an unjustified gender pay gap of 5% or more exists.
The Centers for Medicare and Medicaid Services (CMS) is projecting that national health spending will be 20 percent of the economy by 2026. National health spending has grown from an average of under 6% of gross domestic product (GDP) in the 1960s to a projected average of nearly 18% for the decade ending in 2020.
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