Gender pay parity law comes into effect in Iceland
- Companies and public agencies with at least 25 employees will be required to obtain government certification of equal-pay practices or face fines.
- Iceland became the first country to mandate pay equality by legislation in 2017, with the law now in effect with the arrival of the new year.
- Since 2006, Iceland has closed 10% of its pay gap—one of the fastest improvement rates in the world—and pledged to eradicate it by 2020.
“In Iceland, it’s now illegal to pay men more than women” (Al Jazeera | January 2018)
“Iceland first nation to make pay equality a legal requirement” (The New Zealand Herald | January 2018)
“Iceland set to tackle gender pay gap with world’s toughest law” (BBC News | March 2017)
The Global Gender Gap Report 2017 (World Economic Forum)