The Spanish government has passed two decrees on gender equality at the workplace in a bid to address the country’s gender pay gap. “From today, a man and a woman can no longer receive different remuneration,” Yolanda Diaz, Spain’s Minister of Labour and Social Economy, told the press.
The new regulations will force Spanish companies with more than 50 employees to keep and disclose records of employees’ salaries by gender. Upon failure to disclose the system used to establish base salaries and other benefits for their employees, companies can face a fine of 187,000 euros (US$ 220,000). Additionally, companies are mandated to file a four-year plan with the government detailing how they intend to balance their workforce’s female-to-male worker ratio in terms of selection and hiring process, work conditions, and prevention of sexual harassment.