Since August 31, 2021, the federal Pay Equity Act has been in force for employers under federal jurisdiction with an average of 10 or more employees. Today, this law is fully part of the regulatory landscape: companies already subject to the law when it came into force had until September 3, 2024, to draw up and post their first pay equity plan. They must now ensure that pay equity is maintained through ongoing monitoring, including periodic updates every five years.
Companies that subsequently reach the 10-employee threshold will have three years following the year in which they reach an annual average of 10 employees to comply with the law and post their pay equity plan.
As of September 3, 2024, affected employers must have:
- Implemented a pay equity plan in compliance with the law.
- Posted this plan with their employees.
- The required salary adjustments applied, as of September 4, 2024, if there were any discrepancies to be corrected.
The next deadline is to file an annual declaration with the Canadian Human Rights Commission by June 30, 2025.
Are you behind schedule? There's still time to act.
If you haven't yet finalized or posted your plan, it's essential that you get things right quickly. Financial penalties may be imposed, and compliance is actively monitored.
Whether you're in the process of catching up, or want to validate the quality of your approach, our team can provide effective support, particularly when it comes to fair and compliant compensation.
A constraint… or a strategic opportunity?
Although it's a legal obligation, pay equity can also be a powerful lever for your organization:
- Strengthen transparency and trust within your teams.
- Improve your employer image in the eyes of talented employees.
- Promote sustainable and equitable management of your human resources.
Why choose Lussier?
Our goal is to meet your organization's challenges, whether they fall under a legal obligation, such as pay equity, or whether they involve optimizing your practices and ensuring their excellence to truly create a competitive advantage. Our compensation and human resources specialists support companies in:
- Developing or revising their pay equity plan and compensation structure.
- Full compliance, even in catch-up situations.
- Integrating a sustainable pay structure that simplifies future steps.
- Prepare clear internal communications in line with legal obligations.
Our approach is humane, rigorous and focused on our customers' autonomy. Our objective? To equip you to manage pay equity today... and tomorrow.
Need fast, professional support?
Call us at 1 855 587-7437 or e-mail us at inforemun@lussier.co
