AFB Seminar: Understanding the Impact of the EU Pay Transparency Directive

AFB and Deloitte invite you to attend an in-person seminar exploring the requirements of the EU Pay Transparency Directive (the Directive).  The Directive came into force in June 2023.  EU member countries have until June 2026 to implement the Directive.

The Directive introduces a series of new obligations to bolster current equal pay protections, such as mandatory gender pay gap reporting (on a much more granular level than UK requirements); mandatory pay assessments with employee representatives where there is an unjustified gender pay gap of more than 5%; providing workers with the gender neutral and objective criteria used for pay and pay progression; providing workers with information on average pay broken down by sex of those doing the same work or work of equal value; and providing information to candidates on pay levels for the role being applied for.

Why attend?

The requirements will apply to organisations which employ staff in EU Member States and therefore will be relevant to any UK-based staff that have responsibility for EU-based workers. Although the requirements are not applicable in the UK, any organisations that have EU operations may consider applying them in the UK for consistency. This seminar will allow AFB members to understand the requirements and consider how it will affect their business and what steps to take in readiness for greater transparency.

Who should attend?

This session is aimed at those working in People, Compliance, Legal, Risk and Reward functions.

What will members gain for use at their bank?

• An understanding of key obligations set out in the Directive
• Awareness of the risks involved in disclosures to job seekers and employees, and equal pay/discrimination claims
• Guidance on how to prepare their bank for greater compliance
• Guidance on how to identify and address any potential issues in disclosures in advance

Speakers

Kathryn Dooks, Employment Partner

Kathryn advises a broad range of clients on pay compliance and transparency.  She has 20 years’ experience as an employment lawyer and, as a result of her passion for DEI and Wellbeing, her practice has naturally gravitated towards those topics. She enables clients to take a data-driven approach to DEI strategy and compliance by supporting them to conduct global Equal Pay and Pay Equity audits and to undertake gender pay gap reporting.

Amy Douthwaite, Employment Director

Amy is an employment lawyer with over ten years of experience advising employers on all aspects of the employment lifecycle. She has a particular focus on financial services and supporting clients on pay compliance.

Logistics

Cost:        Included in AFB membership (no fee)

Location:  In-person at Deloitte, 1 New Street Square, London, EC4A 3HQ

Date:        Tuesday 16 July 2024

Time:        09:00 – 10:15 (registration & refreshments from 08:30)

There will be ample opportunity for questions throughout the session, however, if you would like to submit a question before or have any specific questions or areas that you would like the session to address, please send them to the AFB at secretariat@foreignbanks.org.uk as soon as practicable. You will receive details on how to join this in-person session a week before the event.