Our colleagues at Epstein Becker Green have released a Take 5 newsletter focused on the financial services industry. Following are the introduction and links to the stories:
For this edition of the Take 5 for financial services, we focus on a number of very well-publicized issues. The tidal wave of sexual harassment allegations that followed the Harvey Weinstein revelations has drawn the attention of companies, their human resources departments, and employment lawyers. The rule on chief executive officer (“CEO”) pay ratio disclosure, which goes into effect in 2018, is a required focal point that garners significant interest in an industry that is all about money. The hyper-charged political climate has brought social activism and heated political discussions into the workplace with increasing frequency—and with potential employment law implications. A heightened legislative focus on eliminating at least one recognized source of the gender pay gap has resulted in new rules that prohibit very common inquiries about past compensation during the interview process. Finally, data leaks are a mounting threat and cybersecurity is a growing concern throughout an industry that is saturated with the highly sensitive, and sometimes personal, financial information of its clients.
We address these important issues and what financial services employers should know about them:
- The Weinstein Effect: #MeToo Allegations in the Financial Services Industry
- CEO Pay Ratio: It’s Not Too Late to Calculate!
- Managing Employees’ Political and Social Activism in the Workplace
- Equal Pay Update: The New York City and California Salary History Inquiry Bans
- Insider Threats to Critical Financial Services Technologies and Trade Secrets Are Best Addressed Through a Formalized Vulnerability and Risk Assessment Process