The European Commission has proposed a two-year plan that aims to close the gender pay gap, reports Reuters.The plan comes after the Commission reported women in the EU earn 16.3% less per hour on average than their male counterparts, and this figure had not decreased in the past five years. The plan sets out eight recommendations for EU countries to ensure women are treated equally in the workplace. The proposal includes setting minimum sanctions for companies that do not provide equal pay and monitoring the diversity policies of Europe’s largest companies. It will also aim to push for a quota for women on company boards to address gender equality in the senior ranks of publicly listed businesses. The Commission intends the measures to be in place by the end of 2019, when the current Commission’s term ends.