The corporate program “Promoting Equal Pay – Advising, Supporting, Strengthening Businesses” in Germany
28 Sep 2022
With the corporate program “Promoting Equal Pay – Advising, Supporting, Strengthening Businesses”, the Federal Ministry for Family Affairs, Senior Citizens, Women and Youth supports companies in developing strategies to strengthen their “fair pay goals”.
Since 2017, the Transparency in Wage Structures Act has been helping companies and employees in Germany to better achieve equal pay for equal or equivalent work in practice in accordance with the equal pay requirement. Equal opportunities and fair pay both for women and men boost the competitiveness of companies and contribute to derive far better benefits of the potential of employees.
The Transparency in Wage Structures Act addresses one substantial cause of the gender pay gap: lack of transparency in corporate pay structures and wage determination processes. Transparency helps to eliminate unjustified differences in pay and provides a view to the adjustments to more equal opportunities for women and men in companies and enterprises.
The program shows companies the value of equality between women and men and how they can implement transparency in pay structures. An equality-oriented and modern work culture strengthens companies and the economy, because sustainable companies rely on transparent, fair and equitable compensation.
Find out more by downloading a press release by the Federal Ministry of Family Affairs, Senior Citizens, Women and Youth (Germany).