In December 2018, amendments to the Swiss Gender Equality Act (GEA) were passed by the Swiss Federal Council. Following a decision on 21 August, these changes are set to enter into force on 1 July 2020. With the legislative changes, all Swiss employers with 100 or more employees will have to carry out periodic equal pay analyses, which will also need to be audited by an independent third party.
Furthermore, employers will have to inform their employees or employee representatives of the results of the analysis. Listed companies will need to publish the analysis in the notes of the annual financial statements. Corrective measures might be needed in order to address any inequalities and to get your company on track to becoming equal pay compliant. In the end, however, it is not only about ensuring compliance, but about using the results of the analysis and any follow-up activities as an opportunity for your company to drive business growth and performance and to increase productivity and engagement among employees.
In our overview four-pager, we have summarized the amendments to the GEA, what the expected timeline looks like and how employers will be affected. Fill out the form below to download the overview now.