The goal of the equal pay policy is to ensure that the fullest equality is observed between the genders in pay decisions at ÍSOR. The policy applies to all staff of ÍSOR.
The equal pay policy implies that staff shall enjoy the same terms for the same or equally valuable work. The same terms means that pay is determined in the same way for all genders. The criteria used as a basis for pay decisions shall not involve gender discrimination. Pay is defined in item 9, Article 2 of the Equality Act as general remuneration for work and any kind of further compensation, direct and indirect, whether through benefit payments or in another manner, that an employer pays to their employee for their work.
ÍSOR has set itself equal pay objectives and follows the relevant laws, rules and collective agreements in force at any given time. ÍSOR commits to:
- Present the equal pay policy each year to ÍSOR's staff.
- The equal pay policy being published and accessible to the public on ÍSOR's website.
- Document, implement, maintain and continuously improve the management of the equal pay system in accordance with the requirements of the equal pay standard, ÍST 85, and determine how its requirements will be met.
- Carry out continuous monitoring of the equal pay system and thereby ensure that it is adhered to, and carry out internal audits regularly together with management review.
- Respond and work on improvements if it is demonstrated that there is a need for them and that the policy has not been followed.
- Aim for there to be no unexplained gender-based pay difference for the same or equally valuable work.
- Work according to the standard on equal pay systems ÍST 85:2012.
Published 24 August 2021 Reviewed without changes 7 November 2022 Reviewed without changes 18 October 2023 Reviewed without changes 5 March 2025