Did you know that in Iceland, it's the law that men and women must earn the same pay? That's right. Iceland just announced (the first country in the world to do so) that public and private companies must pay men and women in the same positions equally or pay a fine. Wow, what if that could happen here in the U.S.!
As a corporate anthropologist and culture change expert, I thought this warranted a closer look. I started digging into the subject and what I've found is that not only is pay parity timely and necessary and the right thing to do, it's also good for business.
I was asked recently by American Express OPEN Forum for my input in this area, along with several other CEOs and business founders. (Read the article here) Interestingly, we all expressed the same belief: that equal pay is important to the health of a business. Consider these eight points, discussed in the AmEx article: