All over the world, fair pay is moving higher up the agenda for both companies and politicians – even, and especially, in times of crisis. But why is fair pay so crucial for a sustainable corporate future? Why does closing the gender pay gap have such a positive effect on other business areas? And how can a fair remuneration strategy be implemented regardless of the surrounding legislation?

These are precisely the questions we want to address on 23 October 2020 from 10 to 11am CEST in our first Digital Follow-up Circle.

Concentrated expertise on remuneration

In particular, we are looking forward to having two experts who know exactly how fair pay works in international practice: Marcus Priest from Novartis International AG and Lúvísa Sigurðardóttir from Landspitali in Iceland will share with us how they implemented their remuneration strategies in two initiatives. At the 2018 UN General Assembly, the biotechnology and pharmaceutical company Novartis, as a global player, committed itself to implementing fair pay. The company is also a corporate member of the Equal Pay International Coalition (EPIC) and dedicated to increasing the constructive exchange of best practice in the business world. Marcus Priest, Global Head of Reward at Novartis, explains: “Through our commitments, we aim to inspire other organizations to take concrete actions, so that together we can bring about meaningful change to societies around the world.”

Simply good business

The Landspitali hospital in Reykjavík, on the other hand, shows how wage justice can be implemented in the healthcare sector and how effective clear policy guidelines are – no other country in the world has such ambitious goals and effective laws as Iceland. Lúvísa Sigurðardóttir describes herself as a great fan of human rights: “Fixing inequality and providing equal opportunities need to be addressed on a global level. In my mind it’s one of our fundamental human rights to get fair pay for the work we do and equal opportunity to succeed at our job, regardless of age, gender or belief system.” But Sigurðardóttir also loves numbers. As Quality Director for Equal Pay, she clearly knows: “No matter if it’s a small business or a global corporation, the key to success is a committed workforce, and when your workforce knows that they get fair pay and equal opportunity to succeed, they will commit. It’s simply good business.”

But how can companies identify appropriate measures? How can their success be measured at individual locations and at the international level? In this digital event, both companies showcase their commitments around fair pay, their path towards a diversified workforce and the challenges they came across during this journey. The exchange of ideas between our experts from business, science and politics in English should be exciting.

We also have some new ideas to share – especially our brand new Universal Fair Pay Check: The three-stage certification process makes it easier for organizations to implement fair pay quickly and combines the best legislative initiatives in the world in a single procedure. Any organization can apply for our check – regardless of size or location. An easy step for companies, a revolutionary step for fair pay. On this occasion, we will proudly present the details!

If you would like to take part in this digital event, please register here.

If you would like to know which solutions and best practice examples we are exploring, please subscribe to our newsletter.

The programme and our speakers:

Programme

Welcome and Introduction of the Universal Fair Pay Check
Henrike von Platen, CEO / Founder, FPI Fair Pay Innovation Lab

Equal Pay Certification: The Case of Landspitali in Reykjavík
Lúvísa Sigurðardóttir, Quality Director for Equal Pay, Landspitali – The National University Hospital of Iceland

Fair Pay at Novartis
Marcus Priest, Global Head of Reward, Novartis International AG