For years, women have been pointing out that men are usually paid more for the same work, but the problem still persists around the world. Now, Iceland is taking a fresh approach to eliminate the gender pay gap. The country’s new Equal Pay Standard, which went into effect in early January 2018, requires companies with more than 25 employees to publish salary levels for all positions. In essence, jobs in Iceland will come with non-negotiable, predetermined salaries known to all, for greater fairness and transparency.
Less talk, more action:
- The burden of proving discrimination will shift from the employee to the employer, which must prove pay parity to the Icelandic government.
- In 2012, Iceland mandated a boardroom quota of 40 percent for women at companies with more than 50 employees. The boardrom numbers went from 3 percent to nearly 50 percent.
- Iceland’s parliament is also close to gender parity, with women holding about 40 percent of the seats. In comparison, women hold about 20 percent of the seats in the United States Congress.