The EUs new pay transparency directive wont close the gender pay gap by itself. But it will help. After all, if you want to close the gender wage gap you first have to have data. Under the new directive, EU companies will be required to share information about how much they pay men and women for work of equal value and will have to take action if their gender pay gap exceeds 5%. The new directive includes provisions on compensation for victims of pay discrimination and penalties, including fines, for employers who break the rules. Equal pay for equal work…

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