Workday & Kainos Launch AI-Driven Pay Transparency Tool for EU Compliance
Workday has partnered with Kainos to unveil Pay Transparency Analyzer, a new tool designed to help entrepreneurs navigate the complex landscape of global pay equity regulations. This innovative solution comes at a time when many businesses are struggling to prepare for the EU's upcoming pay transparency requirements.
Pay Transparency Analyzer uses artificial intelligence to analyze vast amounts of compensation, performance, and demographic data. This enables easier categorization of workers and identification of pay disparities. The AI also delves into the root causes of pay gaps, providing budgeted recommendations to help close them.
The tool is set to assist businesses in complying with the EU Pay Transparency Directive, which is due to come into effect in 2026. Despite the approaching deadline, many companies are still unprepared for these new regulations. While specific businesses currently using the Pay Transparency Analyzer are not publicly listed, Workday and Kainos are encouraging entrepreneurs to get ahead of the curve.
The launch of Pay Transparency Analyzer is a result of a deepened partnership between Workday and Kainos. The tool enables proactive decision-making, confident pay policy setting, and effective employee communication. Angelique De Vries-Schipperijn, President of EMEA at Workday, emphasized the need for solutions that meet regulatory requirements and address persistent gaps in fair pay.
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