PwC Slovakia Introduces Its New Equal Pay Certification Service
The Equal Pay Certification service allows companies to obtain an internationally recognized certification in remuneration from the Swiss Equal Salary Foundation, and PwC is the only company with exclusive rights to provide it.
The certification confirms the commitment to the implementation of a salary policy that respects gender equality by providing equal pay for the same job, and jobs of the same value to their female and male employees.
“We are proud to announce that PwC Slovakia now offers a new Equal Salary Certification (ESC) service. By obtaining ESC, the companies demonstrate their commitment to a fair wage policy between women and men. It shows the company’s respect towards its employees and it strengthens the company’s position on the job market as a more attractive and responsible employer. In addition, ESC also improves companies’ financial performance thanks to the incorporation of a more inclusive and diversified workforce and optimization of recruitment costs and retention risks.
Equal Salary Certification is more than just a step towards fairness and equality in the workplace in terms of remuneration. It also provides fair career-progression opportunities; it strengthens trust with internal and external stakeholders; it enhances the employer’s brand and reduces legal risks. It provides a path towards equality in all aspects of work/life, a world that we all ought to be aiming for.”
Ľudmila Guerin, CEE Strategy & Transformation - People & Change Manager
Equal-Salary LABEL
Demonstrates commitment to a fair and non-discriminatory wage policy
Demonstrates delivery of the same career opportunities for women and men
Leads to a more inclusive and diverse workforce
Gives a competitive HR advantage
Can be used in all of the company’s internal and external communication
- Our People & Organization team headed by Ľudmila Guerin is responsible for the Equal Salary Certification process in Slovakia
- Congratulations to Philip Morris Slovakia s.r.o. It is the first company in Slovakia which underwent the PwC Equal Pay audit and received an Equal Salary Certification
Wages of Slovak companies according to the study PayWell 2018
According to Eurostat 2016 data, the gender pay gap in Slovakia is 19%, the sixth largest in the EU
According to data from the Slovak Ministry of Labour, the pay gap between women and men shrank to 18% in 2018
The social movement towards equal pay has been gaining increasing support from CEOs and upper management globally
According to the global PwC study, ‘Seeing is believing’:
Additional Information about Equal Pay
Equal Salary Certification (ESC) can be either country-specific or global. The advantages of country-specific certification are that it can be used as pilot for ESC for that particular company. It is simpler in terms of project management, resource requirements and decision-making process and in the event of non-compliant results; the implementation of corrective actions is easier.
Global certification is more suitable for multinationals that want to demonstrate their non-discriminatory wage policy worldwide, as it is a more cost-efficient solution compared to individual country-specific certification thanks to the lower overall global coordination and local costs.
ESC is valid for three years and during this period, two monitoring audits take place. Certified companies have to demonstrate their ongoing commitment to a fair and non-discriminatory salary policy between men and women. ESC uses the regression method for data analysis of employee data such as age, years of service, education, experience, which reveals whether there is pay discrimination at the company.
More about PwC Equal-Salary Certification:
https://www.pwc.ch/en/services/people-organisation/equal-salary-certification.html
https://www.pwc.com/gx/en/industries/financial-services/publications/clearing-barriers-women-progress-financial-services.html
https://www.equalsalary.org/
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