Global Insights
Disclaimer: Alliant Global publications are designed to provide general information and guidance but have not been customized for any client’s particular situation. They are based on information available at the time they are published. Alliant Global Consulting does not provide legal advice, legal interpretation, or legal opinions. Please consult a local legal counsel for such services. These articles are provided on an “as is” basis without any warranty of any kind. Alliant Insurance Services, Inc. disclaims any liability for any loss or damage from reliance on these publications.
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Articles
Recent government policy trends committing to diversity, equity, and inclusion (DEI) in general, and to pay equity in particular, have been fueled by stakeholder activism and labor advocacy groups. As a result, several countries have passed or are in the process of developing pay equity legislation. It is in this context that on 15 December 2022, the European Parliament and Council reached an agreement on a pay transparency directive.
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New legislation entitles individuals with menstrual pain with government-paid leave, provided the leave is authorized by a physician. With this legislation, Spain becomes the first EU country to introduce statutory menstrual leave, and one of less than a handful of countries word-wide to mandate menstrual leave.
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The 2023 Global Health Trend Review focuses on the impact of global inflation, and unexpected currency fluctuations on health insurance premiums. Alliant’s annual Global Health Trend Review provides multinational employers with information that can help them contain and plan for future medical insurance premium spend. The report covers medical trends in over 50 countries and outlines a step-by-step approach for addressing the most recent determinants of medical insurance premium expenses.
The 2022 Global Health Trend Review focuses primarily on the impact of the COVID-19 pandemic on health insurance premiums. Alliant’s annual Global Health Trend Review provides multinational employers with information that can help them contain and plan for future medical insurance premium spend. The report covers medical trends in over 50 countries and outlines a step-by-step approach for addressing the most recent determinants of medical insurance premium expenses.
EU shatters the glass ceiling with its new “Women on Boards” Directive
All European Union (EU) Member States have until 28 December 2024 to transpose the EU’s “Women on Boards” Directive provisions into their national legislation; and ensure that larger listed companies meet or are striving to meet gender boardroom goals of 40% of the underrepresented gender among non-executive directors or 33% among all directors, by 30 June 2026; and report against these targets annually on their company website as well as to local authorities.
Ireland introduces employer-paid Sick Leave, effective 1 January 2023
The Sick Leave Act introduces 3 days of statutory employer-paid Sick Leave per year starting 1 January 2023, which gradually increases to reach 10 days per year starting 1 January 2026. This paper elaborates on employee leave entitlements, employer-paid benefits, and eligibility for payments during sick leave. The paper concludes with the public health outcomes and the impact on employers and employees of the introduction of paid sick leave.
Switzerland introduces statutory Adoption Leave starting 1 January 2023
As norms and family structures change around the world, an increasing number of countries have introduced statutory Paternity Leave and Adoption Leave. In Switzerland the 2021 referendum approved same-sex marriage and adoption of children by same-sex couples. Starting 1 January 2023, working parents who adopt a child under the age of 4 will be entitled to paid Adoption Leave.
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