The new EU Pay Transparency Directive was adopted by the European Parliament on 30 March 2023 and is expected to be translated into national law of the EU member states within three years! That includes Cyprus!
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Steps to take:
✅ Analyze pay gaps and take corrective actions: Carry out a thorough equal pay review to identify any potential gender pay gap and take corrective action where necessary.
✅ Review your job and pay structure: Set the foundation for a fair and transparent pay system in which roles and responsibilities are reflected correctly and based on objective criteria.
✅ Assess and review your policies regarding Diversity, Equity, and Inclusion (DEI)
✅ Examining policies and procedures in recruitment, performance management, promotion, and compensation
✅ Raise awareness by training managers and HR staff.
✅ Initiate plans to ensure a seamless transition. Those who proactively demonstrate commitment and tackle the issue will be best positioned.
Driving Emerald Zebra’s commitment to fair, transparent recruitment practices. Join us in our mission to promote pay transparency in Cyprus.
