Global regulatory requirements prompting North American companies to comply with pay transparency, WTW survey finds
Willis Towers Watson Public Limited Company - Ordinary Shares (WTW)
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Source: GlobeNewswire
NEW YORK, Sept. 18, 2024 (GLOBE NEWSWIRE) -- The majority of North American organizations are communicating pay program information to their employees, according to a survey by leading global advisory, broking and solutions company WTW (NASDAQ: WTW). The 2024 Pay Transparency Survey found several factors, including increasing regulatory requirements around the globe such as the EU Pay Transparency Directive, are encouraging North American organizations to establish pay transparency strategies. These strategies include assessing their job and pay structures, evaluating their pay policies and practices, conducting pay gap and pay equity analytics, and preparing for increased pay communication and education among all stakeholders. The survey found communicating job level (74%), variable pay opportunities (58%) and how individual base pay is determined (65%) is already typical across the region, with at least 55% of respondents doing so or planning to do so. Sharing individual employee
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