Ciarán Hancock

Hello, I'm Ciarán Hancock.

Welcome to Inside Business.

This week I'll be looking at the EU's new paid transparency directive and what it will mean for Irish employers and their workers.

In the second half of the show I'll be talking to Irish Times Washington correspondent Keith Duggan about the new Governor of the Federal Reserve, Kevin Warsh.

Will he be his own man or a patsy for Donald Trump's economic agenda?

First to pay transparency.

A new EU directive requiring employers to slow salary ranges in the workplace and toughen rules enforcing gender pay equality comes into effect on June 7th.

However, Ireland is set to miss the deadline with no draft legislation in place.

Nicola Harkin is Head of Employment Law Services at Employers Group IBEC and she joined me in studio to explain how the new rules will work.

I began by asking Nicola to explain the key elements of the new EU pay legislation and what it will mean for Irish employers and their staff.

Here we go.

Yeah.

Now, this directive is supposed to commit to force on June 7th, but Ireland isn't going to meet that deadline, is it?

Okay.

So how many companies are members of IBEC?

So how prepared are they for this new legislation?

So when this is implemented and an employer is advertising for a particular role, what will it mean for the employer?

What will change?

And what does it mean for the employee?

So, for example, is the salary level disclosed in this job ad?