Multiple pay transparency laws are going into effect in the next year or two, but most companies are woefully unprepared.
Five states in the U.S. plan on implementing new pay regulations in 2025, and the European Union’s Pay Transparency Directive goes into effect in 2026. Companies are admitting, however, that they’re not quite ready for these new rules. Around 75% of employers report being unprepared for upcoming pay transparency regulation, according to a new survey of 626 U.S. employers with workers based both inside and outside North America by financial services firm Aon.
