Just under half of the companies that were required to obtain equal pay certification by the end of 2019 according to Iceland’s new equal pay legislation have done so. The legislation, which was championed around the world, requires Icelandic companies with over 25 employees to prove they are paying men and women equally.
As of the end of 2019, of the 269 companies and institutions that were required to obtain the certification, only 134 had done so. While the legislation applies to some 147,000 workers on Iceland’s labour market, currently only 60,000 are covered by the certification.
The legislation gave companies varying deadlines to obtain the certification based on their number of employees. All companies with more than 25 employees are required to have the certification by the end of 2022.
Read more about Iceland’s equal pay legislation which went into effect in 2018.