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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. On January 5, 2023, the Corporate Sustainability Reporting Directive (CSRD) came into force, driving pay equity forward in the European Union.

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Mom’s Equal Pay Day: Closing the Gender Pay Gap

Trusaic

Advancing equal pay is also named as a targeted priority in its Strategic Enforcement Plan 2024 through 2028. OFCCP pay data reporting compliance was expanded in 2023. Equal Employment Opportunity Commission (EEOC) plans to issue a pay data reporting requirement in 2025.

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Pay Gap Reporting On Deck in Northern Ireland

Trusaic

Instead the first reports will likely be due in 2028, reflecting a 2027 snapshot date, and then annually thereafter. Leverage the Regulatory Pay Transparency Reporting solution and easily complete required reporting by compliance deadlines. However, employers would not be required to publish pay gap reports immediately.

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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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3 Benefits of Outsourcing Your Drug and Health Screening Program 

Sterling Check

The Bureau of Labor Statistics projects that the country will face a shortage of 195,400 nurses by the year 2031, and that the number of openings for home health aides and personal health aides will increase 37 percent by 2028.

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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

Advancing equal pay is a named targeted priority for the EEOC in its Strategic Enforcement Plan Fiscal Years 2024-2028. Washington’s Department of Labor and Industries received 224 complaints about employer non-compliance through the end of September. Compliance begins with a pay equity audit Pay transparency is here to stay.