g-f(2)73 THE BIG PICTURE OF THE DIGITAL AGE: HBR, How Iceland Is Closing the Gender Wage Gap

VIRAL KNOWLEDGE: The “genioux facts” knowledge news

Extra-condensed knowledge

In most countries, men and women doing the same work earn different amounts. This discrimination is popularly known as the gender pay gap. And despite efforts to close it, particularly amongst advanced industrial countries, it persists. 

• 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.

Genioux knowledge fact condensed as an image

Category 2: The Big Picture of the Digital Age

[genioux fact produced, deduced or extracted from HBR]

Type of essential knowledge of this “genioux fact”: Essential Deduced and Extracted Knowledge (EDEK).

Type of validity of the "genioux fact". 

• Inherited from sources + Supported by the knowledge of one or more experts.

Authors of the genioux fact

Fernando Machuca

References

How Iceland Is Closing the Gender Wage Gap, Ines Wagner, January 08, 2021, Harvard Business Review, HBR.

ABOUT THE AUTHORS

Ines Wagner

Senior Research Fellow, Institute for Social Research, Norway 

About me

I'm currently a Senior Researcher in the Equality, Integration and Migration research group at the Institute for Social Research in Oslo, Norway. My research interests include gender & work, labor mobility in the European labor market and the impact of technological change on employment relations.

My work has been published in academic journals such as the Journal of Common Market Studies, British Journal of Industrial Relations, Journal of Ethnic and Migration Studies, Socio-Economic Review, European Journal of Industrial Relations and other outlets. My book on posted work in the European Union with Cornell University Press has been published in 2018. You can have a look at my publications and my profile on Google scholar and Researchgate.