The World Economic Forum received Equal-Salary certification in 2009 for institutionalizing pay equality between women and men. This certification, which was launched by the Swiss government 10 years ago, was renewed successfully for the third time in 2015 and will apply until 2018. The Forum was one of the first organizations in Switzerland to obtain the Equal-Salary label.
Véronique Goy Veenhuys is the founder and chief executive officer of Equal Salary, which was incorporated as a foundation five years ago. It has run more than 40 certification procedures, impacting nearly 15,000 employees. The certification aims to set a benchmark and validate business efforts to close the salary gap between women and men.
While most companies claim to pay women and men the same, there is still a 15.1% gender pay gap in Switzerland. Part of the gap, about 60%, is due to explainable factors, such as personal qualifications and factors related to position and company structure. About 40% results from potentially discriminatory factors.
The World Economic Forum is committed to global gender equality. The Global Gender Gap Report series was launched by the Forum in 2006 as a framework for capturing the magnitude of gender-based disparities and tracking their progress. This year is the 10th edition of the report, allowing for time-series analysis on the changing patterns of gender equality around the world, and comparisons between and within countries.