Companies will be required to report that they adhere to the principles of gender equality.
Iceland has enacted a law that obliges local companies to report to the authorities that women receive the same salaries as their male counterparts in similar positions. If it turns out that the principle of equality is not respected, such a company is expected to pay fines – about $ 500 daily, CNN writes.
At the same time, employers still have the opportunity to reward certain employees with premiums and bonuses, but in this case they will have to prove that this has nothing to do with the violation of gender rights.
Iceland is the first country in the world where such a law was passed. This decision is part of the state program for overcoming the wage gap between men and women. According to data for 2014, women in Iceland on average received only 78.5% of men’s wages.