Closing the gender gap: Iceland shows the way
A tiny Nordic island with a population of just above 337,000, Iceland has been ranked best in the world for gender pay parity for nine years in a row. Closing over 85 percent of its overall gender gap, Iceland made it illegal for women to be paid less than men in January 2018. Under the legislation, firms with over twenty five employees are required to obtain an equal pay certificate from the government, or face fines. Employers have to rank every job in their company and give it a score based on factors such as physical strain and responsibilities. If two employees working a job with the same score are not paid the same, the company has to rectify it. While Iceland is on the right path toward gender parity, the world at large still has a lot to achieve according to the Global Gender Gap Report 2018 by the World Economic Forum.
- Yourstory.com -