Firm premia that don't reward women

Gender pay transparency was included as a key priority in the EU Gender Equality Strategy 2020-2025. In 2021 the European Commission published its proposal for a directive, which was then adopted by the European Parliament in March 2023 and by the Council of the European Union in April 2023. According to the pay transparency directive, EU companies will be required to share information about how much they pay women and men for work of equal value, and take action if their gender gap in pay exceeds 5%. There are also provisions for compensating victims of pay discrimination, and provisions for penalties, including fines, to punish employers who break the rules.

 

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