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As Japan prepares to address the gender pay gap, Prime Minister’s Advisor Wakako Yada and our founder Aniela Unguresan speak with Nikkei to explore the challenges faced by Japan and the corresponding solutions. Currently, the Japanese government publishes a database on women’s workforce participation, including pay gaps for each company. This is a good starting point but lacks depth. Aniela discusses how our assessment tools enable companies to input pay data for multiple regression analysis, identifying unexplained pay gaps and providing actionable recommendations. Furthermore, while Japan’s emphasis on transparency is commendable, it does not mandate actions or impose penalties for non-compliance. This contrasts with the European Union’s 2023 directive, which requires companies to disclose pay disparities and mandates corrective actions if unexplained disparities exceed 5%. This kind of enforcement is crucial in ensuring fair pay practices. At EDGE Empower, we believe in the power of data-driven analysis and strategic guidance to foster gender equality. With 750 EDGE Certifications granted to large organizations in 65 countries, we have seen significant progress. A notable example is EDGE Certified Mercari, Inc. a Japanese company that has successfully reduced their pay gap from 7% to 2.5% in just one year. These conversations are crucial as we strive to understand local landscapes and advance gender equality globally. Together, we can ensure sustainable progress in closing the gender pay gap. https://lnkd.in/e-b2iagf #EDGEEmpower #GenderEquality #PayGap #DEI #Japan #JapaneseWorkforce #WorkplaceEquality #RealWorldChange

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