It has been one year since the enactment of Directive 2023/970 of the European Parliament, also known as the Salary Transparency Law. This law will require all companies to make public the salary ranges of all their employees. In other words, you will know if your colleagues receive the same salary as you for doing the same job. With this measure, the European Directive aims to strengthen equal pay between men and women for work of equal value, setting the gender pay gap at a maximum of 5%, compared to the current European average of 13%. The law came into
Knowing what your coworkers are getting paid lets you know how much you can reasonably ask for.
And knowing what folks at the job down the street make means you can quickly determine whether its worth the trouble to find a new job.
Also probably doesn’t hurt to know what the folks upstairs are making when you’re deciding whether to form a union.
What if it enables price-fixing for the companies?
Companies already share wage data between one another privately.
https://www.npr.org/sections/alltechconsidered/2015/01/16/377614477/tech-giants-will-pay-415-million-to-settle-employees-lawsuit
Apple, Google, Intel and Adobe have agreed to pay $415 million to settle a lawsuit that alleges they secretly conspired in their employee hiring practices, NPR’s Aarti Shahani reports.
Plaintiffs say the companies set and limited employee salaries and agreed not to poach one another’s workers
Great, now the sharing of necessary data is not just legal but required
He who has the data, makes the rules
I don’t know. What if?