Iceland puts onus on companies to pay gender equal wages

In a world first, Iceland has introduced a new law requiring employers to prove they are paying men and women the same wage for doing the same work, or face fines.

As of next January, companies in Iceland must prove, with proper documentation carried out regularly, that they are paying gender equal wages.

The country’s biggest bank Landsbankinn, nationalised in 2008 during the country’s financial collapse, has already begun complying with the law.

Elisabet Bjornsdottir, 34, who works in the bank’s treasury department, says she’s never experienced any discrimination vis-a-vis her male counterparts, in a country that is already among the world’s best performers in terms of gender equality. Read more here→