EU Pay Transparency Directive: Why global organisations are using TRS as a core strategy

TRS offer a solution for employers with a comprehensive view of rewards, helping them address pay equity.

 

The EU Pay Transparency Directive is gaining attention as it aligns EU member states with common standards for equal pay, strengthening existing regulations. 

As well as being a significant step towards closing the gender pay gap, the directive also has important implications for reward and benefits strategies. 

The directive poses new compliance challenges for global organisations, but it also presents a unique opportunity to refine total rewards strategies and improve the use of total reward statements (TRS) to better communicate the full value of employee compensation.

How ready are HR and reward leaders for the EU Pay Transparency Directive?

Benefex surveyed HR and reward leaders to assess their readiness for the directive, and the results show a significant divide. 

Only 3% of organisations are fully prepared, while 57% lack a defined plan. 

The majority expect their reward teams to lead compliance efforts, supported by HRIS and global benefits platform providers.