Spain is moving to outlaw the wage gap between men and women, making it mandatory for companies to disclose the salaries of their employees or face fines, The Associated Press [1] reported.
Socialist and far-left ministers in the Spanish coalition government yesterday passed two decrees detailing a law on gender equality at the workplace approved earlier this year. Under the new regulation, companies face a fine of €187,000 if they fail to disclose the system used to establish base salaries and other benefits for their employees. According to the government, women in Spain earn on average 22% less than their male counterparts.
Another decree requires companies with more than 50 employees to file with the government their four-year plan to balance their workforce’s female to male ratio. Labor Minister Yolanda Díaz has called the new regulations “historical,” adding that the decrees aim to “bring to the surface labor inequalities and give workers the tools to eliminate them.”