VIRAL KNOWLEDGE: The “genioux facts” knowledge news
- In 2018, Iceland introduced the first policy in the world that requires companies and institutions with more than 25 employees to prove that they pay men and women equally for a job of equal value.
- The policy is implemented through a job evaluation tool called the Equal Wage Management Standard, or simply, the system. If companies show they pay equally for the same positions, they receive certification.
- Beginning in 2020, certification became a requirement and companies without certification incur a daily fine.
Category 2: The Big Picture of the Digital Age
[genioux fact produced, deduced or extracted from HBR]
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