Equal Pay Policy - CCP Iceland

Objectives

  • To ensure that salary, rewards and benefits decisions are based on fair criteria including employees´ role, experience, skills and job performance
  • To eliminate salary discrepancies, if there are any, based on gender or gender identity, ethnic origin, age, religion or belief, disability, sexual orientation or national origin discrimination*

* See Equality Policy - Iceland for further details and equality objectives and plans. Salary differences based on gender and national origin are measured in internal and external salary audits. Evaluation of discrimination based on gender identity, ethnic origin, age, sexual orientation, religion or belief is done by equality surveys sent to all employees at CCP hf. Iceland.

Responsibility

CCP´s senior management is responsible for defining the Equal Pay Policy for CCP hf. Iceland. The SVP of People is responsible for the policy´s implementation, improvement and corrective actions, compliance with the EMS and ensuring that management knows, understands and complies fully with the policy. The Equal Pay Policy forms the basis for the compensation and benefits policy for CCP hf. Iceland.

Execution

CCP hf. Iceland commits to:

  • Implementing a process which ensures that salary, rewards and benefits decisions are based on fair criteria including employees´ role, experience, skills and job performance. Responsibility: Senior Management.
  • Checking compliance to CCP´s EMS system in an annual internal audit by comparing same level roles for gender or nationality related salary discrepancies. Responsibility: SVP of People.
  • Ensuring the maintenance and continuous improvement of the EMS by annual audits and implementation of new objectives. Responsibility: SVP of People.
  • Implementing corrective action for all non-conformities identified in internal or external audits. Responsibility: SVP of People.
  • Identifying and complying with legal requirements and other requirements applicable to the IST 85:2012 standard and checking compliance to those requirements by carrying out annual internal audits. Responsibility: SVP of People.

This Equal Pay Policy for CCP Iceland is accessible to all employees of CCP Iceland. It has been introduced to current employees and is presented to new employees as part of their onboarding process. The policy is accessible to the general public through CCP´s career website.