Semler Brossy featured in the “The Morning Risk Report: Many Hurdles in Complying With Pay-Ratio Rule”
According to a March 11 article in the Wall Street Journal’s Risk and Compliance Report: “One of the many issues facing companies that have to comply with a 2018 deadline for disclosing the ratio between the compensation of their chief executive and the pay of their median employee is gathering all the necessary information, said a consultant working with companies on the issue.
Large multinational corporations can have payroll data in more than a half-dozen databases, and once they gather it all up they need to analyze it, put it into a common currency and make sure the disclosure mandated by the Dodd-Frank Act doesn’t put them at odds with international labor laws for those employees working in foreign countries, said Roger Brossy of Semler Brossy Consulting Group, speaking at the Ethisphere Global Ethics Summit in New York.
Another issue is how to report the pay ratio data, as business groups lobbied for leeway in how this could be done, which Mr. Brossy said actually makes the task harder as there are more choices to consider.
Read the full article, “The Morning Risk Report: Many Hurdles in Complying With Pay-Ratio Rule” (subscription required).