Be a leader in your sector, inspire others
The right time for change is now. By showing that your business promotes fair remuneration for all, you will send a powerful message and become an example for others. Doing the right thing is not only the right thing to do, but can inspire others.
Certification is a valuable tool for strengthening and validating your efforts in promoting diversity and equality. It multiplies the credibility of your values, practices, and the commitment to build a sustainable corporate culture in the eyes of internal and external stakeholders. However, the benefit of certification is much greater.
EQUAL-SALARY certification
One way a business can demonstrate fair pay for its male and female employees is by obtaining an internationally recognized EQUAL-SALARY certification.
Credibility: The EQUAL-SALARY certification shows the company applies transparent and fair remuneration practices and pays attention to gender equality.
Attractiveness for talents: It is important for employees to work in companies that are committed to implement equality and inclusion. The EQUAL-SALARY certification can attract talent looking to work in an environment offering equal opportunities and remuneration irrespective of gender.
Improvement of internal HR processes: Obtaining the EQUAL-SALARY certification requires an analysis of remuneration within the firm. In this way, a company is forced to review and improve its internal processes to ensure equality as regards remuneration.
Prevention of discrimination: Obtaining the EQUAL-SALARY certification can help companies prevent gender discrimination when setting wages, salaries and remuneration systems. This reduces the risk of lawsuits and promotes an inclusive work environment.
Reputational benefit: A firm with the EQUAL-SALARY certification becomes more credible in the eyes of its employees, customers, and the public, demonstrating its commitment to equality and inclusion.
PwC and the EQUAL-SALARY certification
PwC is authorised to perform audits for the EQUAL-SALARY certification from the Swiss EQUAL-SALARY Foundation.
Under this initiative, PwC boasts a world-class team with the mandate to perform in-depth audits of certification processes around the world.
Team in PwC Slovakia includes Dagmar Haklová, Partner & TLP Leader, and Lucia Glasová, Assoc CIPD, Manager HR Services.
We are glad that our EQUAL-SALARY certification team is growing. Ema Srnáková, Associate HR Services, recently joined our team. We congratulate her on her new certification and look forward to working together in this important effort to support businesses on their journey to achieving fair remuneration.
The new EU Directive which breaks down barriers in gender pay gaps is already effective
The latest EU Directive, adopted on 10 May 2023, and effective from 6 June 2023, aims to combat pay discrimination, and help close the pay gap between men and women in the EU.
Under this new directive, companies in the EU are obliged to share information on how they pay their employees and must do so transparently and regularly. If the pay gap between men and women within a specific category exceeds 5%, the company must take appropriate measures to reduce the gap.
The new directive also includes provisions on compensation for victims of pay discrimination and imposes penalties, including fines, for employers which break the rules.
Be ready in time!
Employees and job seekers already have the right to be informed about wages and salaries of workers performing equal work or work of equal value. As of June 2027, businesses will also be obliged to report regularly on the pay gap between men and women. Firms that react proactively will gain a big advantage, as they will be better prepared to meet the new requirements of the directive by the deadline.
How can the EQUAL-SALARY certification help comply with the new EU pay transparency directive rules?
Measurement and evaluation
The certification enables companies to systematically measure and evaluate remuneration structures to identify and analyse pay gaps between men and women.
Elimination of pay inequalities
The certification provides a framework for the identification and elimination of factors that contribute to pay inequalities. Thanks to certification, businesses can take steps to reduce pay gaps and ensure fair remuneration for equal work.
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