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Stock impact report

Seventy-Five Percent of U.S. Employers Are Unprepared for Pay Transparency Laws, Aon Reports [Yahoo! Finance]

Aon plc Class A Ordinary Shares (Ireland) (AON) 
Last aon plc class a ordinary shares (ireland) earnings: 5/1 06:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
CHICAGO Dec. 5, 2024 /PRNewswire/ -- Aon plc (NYSE: AON), a leading global professional services firm, today released results from its 2024 North America Pay Transparency Readiness Study , revealing that 75% of employers are not ready for pay transparency laws, which are currently or will be in effect in 14 U.S. states and four provinces in Canada by the end of 2025 and in all EU countries by the end of 2026. Pay transparency laws aim to close the gender wage gap, and the study highlights the challenges in reaching that goal. The study, which includes survey results from 626 U.S. employers with employees based both inside and outside North America , shows only 51% of employers have conducted an independent pay equity analysis. Of those that conducted this analysis, 84% identified pay equity gaps and disparities. Only 34% of those employers that found pay inequities have added additional funding to correct them. "The rise of pay transparency and pay equity initiatives reflects a b Show less Read more
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