Iceland made paying men more than women illegal in new law that takes effect January 1, 2018

January 3, 2018

  • Ban on Unequal Pay – Iceland passed new law making paying men more than women illegal, which takes effect January 1, 2018
  • Legal Requirements – Companies with at least 25 employees must pass government certification showing adherence to new law or pay $500 fine per day
  • Most Gender Equal Country – World Economic Forum (WEC) declared Iceland as world’s most gender equal country since 2009
  • 2022 Goal – Government plans to completely remove gender pay gap by 2022
  • Gender Diverse Government – Women comprise nearly 50% of Iceland’s parliament

Image Source: Pixabay

Image Source: Pixabay

Market Disruption: Workforce Diversity
Sector: Cross-sector

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