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.

Read

“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)

Study

The Global Gender Gap Report 2017 (World Economic Forum)