HCM Skinny-Iceland Has Made it Illegal to Pay Women Less Than Men

Pay equity has been a ‘hot topic’ over the past year, as it should be. Regardless of size, industry, etc., it is every organization’s duty to treat and pay all employees fairly and equitably. Let me say, I have never spoken to an executive that disagrees with that statement, although a majority of the executives I have spoken with don’t have the tools necessary to quickly check their organization pay equity status.  

Not only is pay equity important because it’s the right (and legal) thing to do, but it’s also important to understand the details around your workforce’s compensation for competitive purposes. As stated many times before, it is incredibly difficult to find good talent. If you have the right tools to ensure you are ‘practicing what you preach’, you are giving yourself more opportunities to retain top individuals and recruit more key talent for the future.

Congrats to Iceland for requiring companies with over 25 employees to certify that they are equitably paying men and women. If the US required companies to certify themselves tomorrow, would it be easy for you to find the necessary information on your own company? If not…why?

 

Top quote from article:

I think that now people are starting to realize that this is a systematic problem that we have to tackle with new methods. Arodotti Pind, Icelandic Women’s Rights Association

To read the full article, visit:

https://www.businessinsider.com/iceland-has-made-it-illegal-to-pay-women-less-than-men-2018-1

Chris Olson