Gender Pay Gap is an indicator expressing the difference between the remuneration of men and women. To an increasing extent, equal pay is becoming a hot topic in the Czech Republic and it should be a priority for Czech businesses. Companies with a well-set wage policy are given a competitive edge not only in the area of employer branding, but also within its business as a whole. More and more potential employees consider Gender Pay Gap a major indicator for their employment selection. Diversity is emphasised even in the B2B sector.
Gain a competitive advantage with EQUAL-SALARY certification.
Internationally recognised certification awarded by the independent Swiss EQUAL-SALARY Foundation to companies that demonstrate compliance with prescribed conditions and criteria in the area of equal pay.
The methodology used to verify eligibility for certification has been developed by the University of Geneva, which is recognised by the European Commission and has been accepted as evidence in several pay discrimination lawsuits.
Make your values real – prove that you provide fair remuneration and build a strong reputation in the market.
Company employee data is provided to the EQUAL-SALARY Foundation for analysis through a secured IT platform. All data is made anonymous prior to analysis and compensation data is destroyed after the audit report has been transmitted. The EQUAL-SALARY statistical regression model analyses the wage difference; this difference needs to be inferior or equal to 5% and the regression strength (R²) must exceed or equal 90% in order to proceed to Step 2. A list of individual employee cases falling outside these criteria is generated, enabling the company to put in place a specific action plan.
An on-site audit is carried out by the PwC EQUAL-SALARY Team following international standards on quality management to assess: 1. Management commitment to equal pay for men and women; 2. Integration of equal pay strategies within the HR processes and policies; 3. Employee perception of the company.
Depending on a successful outcome from the PwC audit, the company is awarded the EQUAL-SALARY Label from the EQUAL-SALARY Foundation. This label is a clear demonstration of a company’s commitment to equal pay for men and women, and can be used on all company communications.cases falling outside these criteria is generated, enabling the company to put in place a specific action plan.
The EQUAL-SALARY Certification is valid for three years. During this period certified companies complete to two monitoring audits, which monitor their fulfilment of the assigned actions to apply a fair, nondiscriminatory wage policy between men and women.
The European Commission recognizes EQUAL-SALARY as an approach to verify the fairness of pay between men and women.
Organisations are recognising that workforce inclusion and diversity is key to business success. This advantage is driven by: improved financial performance, better talent attraction and retention, more innovation, and deeper customer insight. www.equalsalary.org
The Swiss Federal Office for Gender Equality has financially supported the development of EQUAL-SALARY.
Andrea Linhartová Palánová
Workforce (People & Organisation), PwC Czech Republic
Tel: +420 734 798 869
