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Kindly note that the event will be held in Hungarian, without translation.

The new EU framework on equal pay aims to reduce or eliminate unjustified gender pay gaps. Directive 2023/970/EU imposes several obligations on (almost) all employers to enhance transparency in wage regulations. The directive's rules must be implemented into national law by June 7, 2026. However, the new obligations for employers make it advisable for stakeholders to begin preparations as soon as possible.

Under the new rules, employers will have several new reporting obligations, including preparing reports on individual and average wage levels of employees, providing information on the salary range for job applicants, and demonstrating the criteria used to determine employee remuneration, wage levels, and salary increases (salary determination and wage growth policies). Additionally, employers will be required to submit annual reports on the gender pay gap and the proportion of male and female employees receiving supplementary or variable pay components.

Employers must also prepare for cases where wage reports indicate at least a 5% difference in average salaries between male and female employees within any job category. In such instances, a joint pay assessment must be conducted with employees to identify and address any unjustified gender pay disparities. Employers will be required to implement corrective measures within a reasonable timeframe, which may include analyzing or establishing gender-neutral job evaluation and classification systems.

The directive outlines extensive employer obligations, making early preparation advisable. Developing the necessary policies and reports requires assessing the current pay structure and taking proactive steps to address existing wage disparities or justify them objectively. Since modifying wage structures and salary levels often takes time and involves various economic considerations, it is strongly recommended to initiate these processes now.

AmCham, in collaboration with Wolf Theiss Faludi Law Firm, is organizing a series of events to present the regulatory background, outline employer responsibilities, and provide practical assistance to stakeholders in assessing wage levels and developing salary determination and wage growth policies.

Event details:
Date: Thursday, March 27
Venue: AmCham Office (1051 Budapest, Szent István tér 11., 6th floor)
Schedule:

• 08:30-09:00: Arrival & registration
• 09:00-10:30: Presentation
• 10:30-11:00: Q&A

Please note that the event is open for AmCham members, participation is free of charge.

About Wolf Theiss:

Founded in 1957, Wolf Theiss is one of the leading law firms in Central and Southeastern Europe. With more than 390 lawyers across 13 countries in the region and a European hub in Brussels, the firm has a strong presence. Since the establishment of its Budapest office in 2007, Wolf Theiss has been widely recognized for its broad practice areas, consistently achieving top rankings in Chambers & Partners, Legal 500, and IFLR in recent years.

Wolf Theiss is a full-service law firm offering expertise in financial law, financing, corporate law, litigation and dispute resolution, transactions, competition law, employment law, data protection, regulatory matters, and real estate law, all complemented by first-class tax advisory services. Thanks to the client-oriented approach of our lawyers, our partners receive not only innovative and creative legal advice but also tailored solutions that consider business perspectives, supporting their growth and ensuring the professional handling of their challenges.