Vevey / Zurich, April 28, 2020 – The EQUAL-SALARY Foundation is pleased to announce that UBS has obtained the EQUAL-SALARY certification, symbol of excellence in terms of equal pay, for all its employees in Switzerland. After successfully passing the statistical analysis of its salaries and variable compensation for all its employees working in Switzerland, UBS underwent an internal audit entrusted to PwC proving that it applies equal pay for women and men.
« As one of the largest private employers of Switzerland, UBS has taken the lead on equal pay for women and men in Switzerland. It is a strong signal for the banking sector and for the Swiss economy as a whole. This certification represents an important milestone for the equal pay movement. UBS is the first « big bank » to be EQUAL-SALARY certified, in a sector where the pay gap between women and men is still quite significant. » comments Véronique Goy Veenhuys, Founder of EQUAL-SALARY.
« Gender diversity and pay equity are critical to our long-term success, and we are committed to being a world-class employer. Equal pay principles have long been embedded in our compensation practices, and the EQUAL-SALARY certification enables us to demonstrate the importance we place on pay for performance and fair pay policies at UBS” adds Sergio P. Ermotti, UBS Group Chief Executive Officer