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Navigating EU CSRD and Pay Equality

Trusaic

Rules relating to this directive will begin applying in 2025 for financial year 2024 for large organizations, through 2029 for financial year 2028 for smaller businesses. Employers in member countries will be fined for failing to comply, while employees will be entitled to compensation. What does it mean for pay equity?

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How ongoing worker shortages highlight an ‘urgent need’ for upskilling

HRExecutive

Healthcare Industry: Labor Market Projections by 2028 , demand for professionals in the nation’s healthcare occupations is outpacing supply within the U.S. is exacerbating compliance challenges for companies. New research from Mercer found that hiring troubles began even before the pandemic. According to the report , Future of the U.S.

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CSRD Reporting Standards Take Effect January 1, 2024

Trusaic

European sustainability reporting: double materiality A key first step in CSRD compliance is a double materiality assessment. January 2028: Non-EU companies with an EU turnover of €150 million or more, have an EU branch exceeding €40 million turnover, or a subsidiary that is a large company or listed SME.

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Class Action Pay Transparency Lawsuits On The Rise

Trusaic

Pay transparency is the open sharing of information on compensation with current and prospective employees. It requires employers to provide clear and accessible details about salary ranges and additional compensation, such as benefits and bonuses. Compensation for recovery of back pay is uncapped. What is pay transparency?

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International Women’s Day: Inspiring Inclusion with Pay Equity

Trusaic

Advancing equal pay is one of six targeted priorities for the Equal Employment and Opportunities Commission 2024 through 2028. By carrying out a pay equity audit, compensation data is systematically analyzed and pay disparities identified. .: Pay transparency laws and salary history bans are prevalent across the U.S.

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The Impacts of Worker Shortage in Logistics in New Zealand

Global People Strategist

The current labor shortage of 4,700 is expected to reach 17,900 by 2028. Workers’ compensation in other fields may raise new challenges for the government. Dealing with the post-COVID effects, the country is severely struggling to keep up with labor demands in the logistics sector.

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Navigating the Complexities of HR: Why Outsourcing Is the Way to Go

Hppy

Benefits and compensation management and administration, employee learning and professional development, employee records management, and resource planning are some HR functions organizations typically outsource. billion by 2028. They have a deep understanding of HR best practices and compliance requirements. billion in 2021.