Equal pay policy

This equal pay policy covers all the staff of Hrafnist homes, and Hrafnista's human resources manager is responsible for it At Hrafnista, salary decisions are based on objective criteria, and this ensures that the same salary is paid for similar and equally valuable jobs. The basic salary decisions are institutional and collective agreements and job descriptions. Salaries take into account the nature of projects, responsibility, education and work experience. Hrafnistu's equal pay policy is based on the standard ÍST 85 and is prepared in accordance with the law on equal status and equal rights of the sexes no. 150/2020.

All Hrafnista staff shall enjoy equal pay for the same and equally valuable work Equal terms mean that wages are determined in the same way regardless of gender or other irrelevant considerations Hrafnista pays wages according to the scope and nature of jobs and they take into account the requirements that the jobs make. The criteria for wage decisions are that they are in accordance with wage and institutional agreements. Continuous work must be done to ensure that an unexplained gender pay gap is not present at Hrafnistu.

In order to enforce the equal pay policy, Hrafnista undertakes to:

• Implement a certified equal pay system, document and maintain continuous improvement.
• Follow the relevant laws, rules and wage and institutional agreements that apply at any given time.
• Conduct a salary analysis at least annually comparing jobs of equal value to ensure that the gender pay gap is not present. The main results must be presented to staff.
• Respond to variations, if observed, with continuous improvement and follow-up.
• Carry out internal audits and management reviews annually.
• Present an equal pay policy to employees and make it available.
• Ensure public access to the policy at www.hrafnista.is and staff on Hrafnista's internal website.

The CEO of Hrafnista is responsible for Hrafnista's equal pay system and that it meets the laws and international obligations regarding equal status and equal rights for women and men. The Human Resources Manager is responsible for the implementation and maintenance of an equal pay system in accordance with ÍST 85:2012 standard. The Human Resources Manager is also responsible for ensuring that managers involved in salary decisions at Hrafnista are well informed about the equal pay system, related procedures as well as the laws and regulations that apply in equal pay matters.

Equal pay policy is also Hrafnista's salary policy.