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Report: EU Directive Prompts Businesses to Set Global Pay Standards, But Progress is Slow
The report, , notes that there are strong concerns among employers about the new requirements. Many are apprehensive about how the regulation will affect wage bills, competitiveness, and the ability of managers to reward their best performers.
The report was launched at The Conference Board's event, held in Brussels . In a separate live poll conducted at the gathering of senior executives responsible for pay, 44% of participants said that they were "concerned or very concerned" about the impact on wage bills, with only 3% "not at all concerned". Of the 75 respondents to the live poll, 43% said that the Directive could increase their European wage bills by between 2.6% and 5%.
" " said Jean-Marc Verbist , Leader of The Conference Board Human Capital Center, Europe . "
Key highlights from the report include:
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