Equal Pay for Work of Equal Value? Iceland and the Equal Pay Standard

Job evaluation systems have a history of being critiqued as upholding gender inequality. Paradoxically, however, the Icelandic Equal Pay Standard (IEPS), a novel and publicly praised gender equality policy, is based on a job evaluation tool. The aim of this article is to stipulate an initial analysis of how key stakeholders in the Icelandic context view and assess the strengths and weaknesses of the IEPS so far. Drawing on organizational literature and feminist institutionalism, the findings show how equal pay for work of equal value can be achieved. At the same time, the article highlights the need for more emphasis on and awareness of the value of feminized work within organizations, which remains underrecognized in the IEPS.