Equal Pay Day in Iceland – Equal Pay Wiki
Equal Pay Day in Iceland
3 Equal Pay Day in Iceland
The gender pay gap ranges in Iceland stays with around 15 per cent (2017) around European average. The high wage gap can be mostly explained by vertical and horizontal segregation in the labour market.
Despite the high wage gap, Iceland ranks first in the The Global Gender Gap Report 2020 and is often mentioned for a high level of equality measures.
In order to close the wage gap and to enforce pay equity, Iceland has developed the Equal Pay Standard. The standard requires that companies with more than 25 employees have to analyse and certify that the pay women and men equally for the same job and job of equal value. The law has entered into force in January 2018.
BPW Iceland and other women’s organisations celebrated in 2014 the 100th anniversary of women’s voting rights and this year’s EPD together. In this regard, the Equal Pay Day has been celebrated in autumn rather than in spring, as it usually happens in other European countries.
On March 8, 2017, the Icelandic Government annouced to introduce a new law in order to close the wage gap. This law requires companies with more than 25 employees to proove that wages are fair. Therefore, companies shall get certified to analyse and show their wage structures. The central goal of this legislative initiative is to close the wage gap entirely by 2022. The law should enter into effect by 2020. [2]
↑ European Commission: Iceland: Equal pay certification legalised
BMFSFJ: ÍST 85:2012 — Managementsystem für Entgeltgleichheit — Anforderungen und Leitlinien
BPW Iceland
Icelandic Shadow Report for CEDAW 2016
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