OTTAWA — The government is proposing to give federally regulated companies at least three years to develop plans to give their female employees equal pay for work of equal value of that performed by men.
Companies that face having pay equity boost their payroll costs by more than one per cent would get even more time to phase it in.
Labour Minister Filomena Tassi says she would love to see pay equity happen overnight.
But she says it’s a “transformational” change that can’t be done quickly or easily.
The government posted its proposed regulations for the pay equity regime today.
It estimates that achieving pay equity will cost federally regulated private sector employers $1.95 billion over 10 years.