GAP IQ is an innovative solution from Ius Laboris designed to revolutionise how organisations address their pay transparency obligations and simplify their path to compliance. This comprehensive, integrated, and centralised service provides you with everything you need to comply with the EU Pay Transparency Directive (PTD) without relying on multiple advisors or complicated reporting tools.
The PTD mandates that employers across the EU engage in gender pay gap reporting, ensuring transparency and equality. This requirement applies to employers with at least 100 employees, although some countries may impose this on smaller employers. Organisations with 250 or more employees must submit reports annually. Those with 100 to 249 employees need to report every three years.
Where gaps within any categories are greater than 5%, and these cannot be objectively justified, employers will have to carry out a joint pay assessments. This is a form of compulsory equal pay audit. It must be conducted jointly in consultation with employee representatives.
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Conducting joint pay assessments will be expensive and require significant time and effort. It’s crucial to avoid the necessity of these assessments. To achieve this, ensure that pay gaps within employee “categories” do not exceed 5%, or if they do, provide strong evidence of objective justification for the disparity. Now is the time to review any gaps, identify areas of concern, take steps to reduce them to below the 5% threshold, and establish the right policies and procedures to prevent future occurrences.
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1. Bespoke Legal Advice:
Our team of legal experts at Ius Laboris provides personalised advice tailored to your organisation’s specific needs. Whether you require strategic guidance on addressing identified pay gaps or need assistance in justifying gaps based on objective factors, our bespoke legal support ensures you comply with the PTD.
2. Comprehensive Pay Gap Analysis
Beyond identifying pay gaps, GAP IQ offers solutions for addressing or justifying these gaps where necessary. Our service includes crafting legally sound justifications for pay disparities where legitimate reasons exist, helping to safeguard your company against potential regulatory scrutiny. GAP IQ combines automated data processing with expert legal knowledge. This creates a hybrid solution that addresses all aspects of compliance. This combination ensures that your organisation not only identifies pay gaps but also receives actionable recommendations on how to address or justify them.
3. Compliance-Ready Reporting
We generate comprehensive reports that fully comply with the EU Pay Transparency Directive. Our solution provides clear, concise documentation ready for submission to relevant authorities, ensuring your organisation meets all pay reporting obligations with ease
4. Further help
Strategic Interventions: Our service includes crafting legally sound justifications for pay disparities where legitimate reasons exist, helping to safeguard your organisation against any potential claims. Continuous Monitoring and Updates: As regulations evolve, so does GAP IQ. Our service includes continuous monitoring of legal developments and updates to ensure your organisation remains compliant over time, minimising the risk of penalties or reputational damage.
GAP IQ is ideal for organisations with 150 or more employees with operations within the EU that are looking to streamline their compliance processes and avoid the risks associated with non-compliance. If you are committed to fostering a fair and transparent workplace, GAP IQ is the solution you need.
Don’t let the complexities of the EU Pay Transparency Directive overwhelm your organisation. Let Ius Laboris be your trusted partner in compliance.rnrnContact us today to schedule a consultation and learn how GAP IQ can be tailored to meet your specific needs.
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