[EMEA] Payslip launches EU Pay Transparency reporting platform

The global payroll technology company Payslip has announced the launch of Lecora, a purpose-built EU Pay Transparency Reporting Platform which extends its capabilities into one of the most significant new areas of workforce reporting and equal pay compliance in Europe.

Lecora builds on Payslip's experience consolidating and standardising payroll and HR data across countries and payroll providers. It will give both Irish employers and organisations operating across the EU a central platform to identify, analyse and report gender pay differences across their workforces and manage potentially significant volumes of employee Right-to-Information requests.

The launch of Lecora comes as employers prepare for the EU Pay Transparency Directive, which introduces significant new requirements around gender pay reporting, pay gaps between people performing the same work or work of equal value, and employees' access to information about how their pay compares with comparable workers.

Lecora was reportedly designed around the two major compliance and operational requirements employers will face under the Directive: Article 9 statutory reporting, which requires employers to analyse and report gender pay gaps, and Article 7 employee Right-to-Information reporting, which requires employers to provide individual employees with specific information about their pay and the pay of comparable workers. It unites both requirements into a single platform, enabling employers to manage statutory reporting alongside employee information requests.

Fidelma McGuirk - CEO of Payslip - said, "EU Pay Transparency represents a major change in how employers will need to understand and explain pay. It moves the conversation beyond an organisation-wide gender pay gap towards a much more detailed understanding of whether people doing the same work or work of equal value are being paid equally and, where differences exist, whether those differences can be objectively explained. 

“We believe this will fundamentally change how employers think about pay data and the information they need to have readily available. That starts with having accurate and comparable information across their workforce. Payslip already solves the challenge of bringing payroll data together across countries and providers, and Lecora takes that capability into EU Pay Transparency, giving HR and Reward teams one environment in which they can understand their position, prepare for the new requirements, complete statutory reporting and respond to employee Right-to-Information requests."

Source: PR Newswire

(Quote via original reporting)

The global payroll technology company Payslip has announced the launch of Lecora, a purpose-built EU Pay Transparency Reporting Platform which extends its capabilities into one of the most significant new areas of workforce reporting and equal pay compliance in Europe.

Lecora builds on Payslip's experience consolidating and standardising payroll and HR data across countries and payroll providers. It will give both Irish employers and organisations operating across the EU a central platform to identify, analyse and report gender pay differences across their workforces and manage potentially significant volumes of employee Right-to-Information requests.

The launch of Lecora comes as employers prepare for the EU Pay Transparency Directive, which introduces significant new requirements around gender pay reporting, pay gaps between people performing the same work or work of equal value, and employees' access to information about how their pay compares with comparable workers.

Lecora was reportedly designed around the two major compliance and operational requirements employers will face under the Directive: Article 9 statutory reporting, which requires employers to analyse and report gender pay gaps, and Article 7 employee Right-to-Information reporting, which requires employers to provide individual employees with specific information about their pay and the pay of comparable workers. It unites both requirements into a single platform, enabling employers to manage statutory reporting alongside employee information requests.

Fidelma McGuirk - CEO of Payslip - said, "EU Pay Transparency represents a major change in how employers will need to understand and explain pay. It moves the conversation beyond an organisation-wide gender pay gap towards a much more detailed understanding of whether people doing the same work or work of equal value are being paid equally and, where differences exist, whether those differences can be objectively explained. 

“We believe this will fundamentally change how employers think about pay data and the information they need to have readily available. That starts with having accurate and comparable information across their workforce. Payslip already solves the challenge of bringing payroll data together across countries and providers, and Lecora takes that capability into EU Pay Transparency, giving HR and Reward teams one environment in which they can understand their position, prepare for the new requirements, complete statutory reporting and respond to employee Right-to-Information requests."

Source: PR Newswire

(Quote via original reporting)