The New Equal Pay Directive
The EU’s new Equal Pay Directive 2023/970, set for implementation by 7 June 2026, will push companies to ensure equal pay for equal work and take concrete steps toward transparent salary structures.
What is the Directive?
In essence, the Directive enforces pay transparency, drives equal pay for equal work, and tackles gender pay gaps. It requires companies to provide clear salary structures, publish pay gap reports, and demonstrate that both genders are receiving fair compensation for equivalent roles.
If companies fail to keep up, the risks go beyond just reputation. They face serious legal and financial consequences. Fortunately, companies that start preparing now can make this a smooth transition.
How can we help?
At SurgeAdvisory, we specialise in refining compensation structures to make them fair, competitive, and compliant. This is how we can help:
- Conducting salary benchmarking: To begin, we dive deep into your salary data to pinpoint any pay inconsistencies based on roles, experience, and market trends. This analysis provides a clear roadmap, enabling you to start closing gaps and ensuring fair pay across the board.
- Designing transparent pay structures: Next, a well-structured, clear pay model is crucial for complying with the new directive. We work closely with you to create and implement pay structures that bring consistency and fairness. With transparent salary bands and market benchmarks, your business stays aligned with the directive’s standards.
- Developing Equal Pay policies: We collaborate with you to create clear, actionable equal pay policies that not only meet directive requirements but also foster trust and fairness within your teams.
- Training and education: Empowering managers and HR teams with the right knowledge ensures a unified approach to pay equity. Our training sessions cover fair pay practices, salary benchmarking, and data-driven decision-making, so everyone stays aligned on compensation.
Why choose us?
With a proven track record in HR and compensation consultancy, SurgeAdvisory leads the way in creating fair, competitive, and innovative compensation strategies. By partnering with us as you prepare for the Equal Pay Directive, you gain access to our expertise in compensation and strategic HR support. In this way, our services not only help you meet regulatory standards but also empower you to foster a culture of trust, inclusion, and transparency.
When should you start?
In short, the time to start is now. Together, we can turn compliance into an opportunity – strengthening your employer brand and promoting a culture of fairness. Reach out, and we’ll guide you every step of the way.