
After years of pandemic and inflation, with all the displacement and stress they brought to the labor market, employers are looking with excitement at the new major change they will have to implement: the disappearance of salary secrecy.
The measure is the subject of a new European directive on pay transparency to prevent gender discrimination and guarantee the application of the principle of “equal work, equal pay”.
Labor market experts say that despite the good intentions of companies, employers are quite reluctant to look at this change, which will have a serious impact not only on their budgets, but also on the recruitment and retention processes.
“The human resources department will be forced to play its cards right, announce an approximate salary range for the position and gradually eliminate internal gaps. If the number of these gaps is felt within the company, in the pay policy, in the bias of the recruitment teams, then the correction will be serious.
And it will be both at the level of numbers and at the level of organizational culture,” says Raluka Pärvu, business manager of BPI Romania, a recruitment company.
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Source: Hot News

Lori Barajas is an accomplished journalist, known for her insightful and thought-provoking writing on economy. She currently works as a writer at 247 news reel. With a passion for understanding the economy, Lori’s writing delves deep into the financial issues that matter most, providing readers with a unique perspective on current events.