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

Briefing

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

January 3, 2018

Briefing

  • 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

Market Disruption

Sector

Cross-sector

Source

Original Publication Date

January 2, 2018

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