Pay transparency has become a hot topic lately. With increased focus on diversity in the workplace, the question of fair compensation for women is an important discussion.
It’s a topic we’ve written about in the past (Women in the Workplace Study: There Is STILL Work to Be Done!) and it is an important discussion to have. Ensuring all job candidates have access to fair compensation is important.
The province of Ontario recently passed legislation to increase pay transparency in the hiring process. One of the goals of the bill is to provide women with more information when negotiating salary that makes it equal to male counterparts.
Ontario is the first province to pass this type of legislation.
According to a news release by the government of Ontario, “The legislation is the central piece of Then Now Next: Ontario’s Strategy for Women’s Economic Empowerment, which will help remove long-standing barriers that have kept women from benefiting equally in Ontario’s rapidly changing economy.”
The pay transparency legislation will become law starting January 1st, 2019. There are four key components to the new pay transparency rules:
Read more about the impact of salary on the recruiting process by checking out these blog posts by our experienced recruiters:
IQ PARTNERS is an Executive Search & Recruitment firm supporting clients across the country. We help companies hire better, hire less & retain more. We have specialist teams of recruiters in Technology (IT), Accounting and Finance, Consumer Goods, eCommerce and Retail, Financial Services and Insurance, Startup, B2B and Industrial, Operations and HR, Professional Services and Legal, Media, Digital and Marketing, Pharmaceutical and Life Sciences, Emerging Technology and Telecom, and Sales. IQ PARTNERS has its head office in Toronto and operates internationally via Aravati Global Search Network. Click here to view current job openings and to register with us.
Bruce co-founded IQ PARTNERS in 2001 and currently operates as Managing Partner. His personal background includes hands-on management experience in sales, marketing and marketing services. He has built management teams for a wide variety of marketing, communications, media and technology companies. He has also participated in several M&A transactions for service-based companies and is frequently called upon as a resource in the planning and negotiation of such deals.