IWC Schaffhausen receives Equal Salary certification
Similar to ISO for industry standards, Equal Salary certification works for wages and salaries. It serves as a symbol of excellence in equal pay and rewards a strong commitment to promoting fairness and building trust and respect for employees. Recently, watchmaker IWC Schaffhausen was also awarded the equal pay certificate.
The Equal Salary Foundation has awarded watchmaker IWC Schaffhausen the Equal Salary certificate, a symbol of excellence in the field of equal pay, according to reports. The certification process took place in two phases: First, IWC Schaffhausen had to have its salaries statistically analyzed. The decisive factor is that the gender pay gap is less than five percent. The company was able to meet this requirement. This was followed by an internal audit conducted by PwC to prove the conformity of the processes, i.e. to confirm that equal pay between women and men is actually applied. The audit examines both the company's overall commitment to equal pay and its implementation in HR processes. Equal Salary certification is valid for three years, during which the company undergoes two surveillance audits. After three years, the company must renew the certification process with a new salary analysis and a full on-site audit.
"Such a commitment to equal pay and equal opportunities is a promise of gender equality in the workplace. With Equal Salary certification, IWC is setting a good example and bringing even more trust and transparency to Swiss fine watchmaking," commented Lisa Rubli, Co-CEO of the Equal Salary Foundation. "At IWC, we stand for an inclusive work environment that offers equal opportunities to all our employees. Equal work deserves equal pay. Achieving Equal Salary certification as one of our strategic business goals shows us that our efforts have been successful. It underscores our honest and open communication flow. We listen to and value feedback from our employees. We are proud that, thanks to the contribution of all our colleagues, we have taken another step towards a fair and transparent workplace culture," adds Christoph Grainger-Herr, CEO of IWC Schaffhausen.
Equal Salary Certification is a now well-established tool for companies to demonstrate and communicate that they pay women and men fairly. It is a practical and scientific solution to create transparency while maintaining confidentiality. Also recently newly certified are SGS Société Générale de Surveillance SA (Geneva), Hyposwiss Private Bank (Geneva) and Rehab Basel.
Source: Equal Salary Foundation
