Today, November 14th, marks National Salary Equality Day in Portugal. This date is not fixed, as it represents the number of working days that women virtually stop being paid, while men continue to receive their salaries. It is important to highlight that Egaming Services has been recognized with a Salary Equality Certificate and Seal. This recognition not only celebrates the company’s commitment to salary equality but also reinforces the importance of such initiatives in the technology and gaming industry.
Although there are several laws, such as Law No. 60/2018, of August 21st, ensuring salary equality between men and women for equal work or work of equal value in Portugal, the reality in the labor market still reveals situations of inequality. Despite legal advances, salary disparities persist, mainly affecting women, reflecting the ongoing need for concrete actions to ensure fair and equitable pay for all.
What is Salary Equality Day?
This date is intended to make us reflect on the existing salary disparity between men and women, while also promoting actions that aim for salary equity in the job market. In Portugal, as well as in many parts of the world, this day is essential for raising awareness among society and employers about the importance of guaranteeing equal pay for equal work, regardless of gender. Salary Equality Day, therefore, aims to highlight these inequalities and reinforce the need for concrete measures to ensure that everyone has the same opportunities and remuneration in the labor market.
What is the Salary Equality Seal?
The Salary Equality Seal is a distinction granted to companies with more than one employee that meet specific salary equality criteria. To receive this certification, a company must have a ratio of at least 1/3 of employees from the least represented gender and demonstrate a salary inequality rate between men and women within established limits. This inequality rate is calculated based on the Adjusted Gender Pay Gap, as outlined in Law No. 60/2018, of August 21st, and must be below 1% or above -1%.
The main goal of the seal is to recognize companies that promote salary equality and adopt transparent and fair practices regarding employee compensation, regardless of gender.
What Are the Objectives of the Salary Equality Seal?
The current framework establishes rules and tools to ensure that women and men receive equal pay for equal or comparable work. Among the measures is the annual publication of statistical data, which shows salary differences by sector and by company. These data are prepared by the Strategy and Planning Office, the agency responsible for analyzing this information.
In addition, the framework encourages the creation of new measures to complement Law No. 60/2018, of August 21st. These actions aim to recognize and reward companies that practice salary equality, highlighting their best practices. The objective is to build a fairer labor market, where everyone has equal opportunities and pay, regardless of gender.
Learn more about the Salary Equality Seal here!
The Impact of the Salary Equality Seal on Egaming Services and Its Employees
The achievement of the Salary Equality Seal by Egaming is more than a formal recognition; it is a milestone that strengthens the company’s commitment to equity and transparency in the workplace. This seal demonstrates that Egaming is aligned with the principles of gender equality and best compensation practices, making a significant impact both for the organization and its employees.
Salary Inequality Between Men and Women: Differences and Impacts in the Labor Market
According to the most recent data, the salary disparity between men and women is 13.2%, representing 48 unpaid workdays for women compared to men. In financial terms, women earn an average of €160 less than men. When considering bonuses and subsidies, the gap is even more significant, reaching 16%, equivalent to €235 less per month. In leadership roles, women earn, on average, €639.60 less than men (or €854.10 less when regular bonuses and subsidies are included). For individuals with higher education, the disparity reaches €541.70, which can increase to €642.40 when including bonuses and benefits.
Conclusion
National Salary Equality Day is not only a time to reflect on existing inequalities but also an opportunity to celebrate initiatives that promote positive change. The achievement of the Salary Equality Seal by Egaming Services is a significant step in the commitment to equity and transparency in the labor market. This seal also serves as an inspiration for other companies, highlighting the importance of women’s roles in the labor market and society. We believe that diversity and inclusion are key to success, and we are firmly committed to creating an environment where all people can grow and thrive equally.
