Comparing salaries — and uncovering gender pay gaps — could be easier under these new EU rules (via CNBCMakeIt)
In the latest move toward more transparency, the European Union's Parliament on Thursday"Pay secrecy will be banned," a press release by the European Parliament said, explaining that employers can't prevent their workers from sharing their salary or looking into other people's pay. This means workers will have the right to access both individual and average compensation details, including a break down per gender.
Companies in the EU with a gender pay gap bigger than 5% will have to go through a salary assessment with employee representatives — and could be fined, the European Parliament's statement said. But what the exact consequences for too big a gender pay gap will be is up to the EU's individual member countries.
"This legislation makes it crystal clear that we do not accept any kind of gender pay discrimination in the EU," Danish EU politician Kira Marie Peter-Hansen, who worked on the new legislation, said.
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