Why there’s no better time to close the gap on gender equity
Off the back of the Government’s September Jobs and Skills Summit – we’re seeing legislators make a commitment to mandating real change to address gender equity in Australia.
With women’s participation and progression in the workforce now recognised as an economic imperative – not just a social responsibility – we’re looking forward to the instrumental role businesses and legislators are set to play in creating a more equitable and inclusive future. A future we can all look forward to – together.
Why women’s workforce participation matters:
Women’s workforce participation, a key focus of the summit, is projected to alleviate current workforce and skill shortages, boost productivity, and improve economic performance – making it top of Australia’s economic agenda.
As Sam Mostyn, Chair of the Government’s Women’s Economic Equality Taskforce, told the ABC, “…women and women’s workforce participation is now accepted as a key economic driver for this country – rather than a separate issue to our economic debates…”
Mandated change on gender is coming:
The Australian Government has committed to legislating change – with a proposed overhaul of the Fair WorkAct – introducing mandated measures aimed at improving women’s participation and progression in the workforce – including:
Same job, same pay: equal renumeration principle
Mandated pay-gap transparency: Businesses with more than 100 employees required to publicly report their gender pay gaps
Mandated progress on gender equality: Employers with more than 500 employees required to commit to measurable targets to improve gender equality in their workplaces
Pay secrecy clauses prohibition: Giving employees the right to disclose their remuneration, and ensuring employers cannot hide gender pay gaps behind contractual clauses that prohibit transparency
Australia already has one of the most comprehensive databases on pay and workforce representation in the world – with private sector organisations with over 100 employees required to report on gender to the Workplace Gender Equality Agency (WGEA) since 2012. However – while aggregated national and industry-level pay gaps have been publicly available – individual organisations have not had to be transparent on gender equity, until now.
With organisations required to publish their gender pay gaps when legislation passes – there’s mounting pressure to take steps to close the gap – right now.
How can equidi help?
equidi is a world-first platform that’s leveling up the ledger on gender – one business at a time. equidi provides real-time visibility over pay-gap and workforce representation, across every part of your business - on a single dashboard – helping you direct your energy where it’s needed most.
With bespoke recommendations, and useful tools and resources – you can set goals, track progress, and lift your performance – every day.
The time is now:
So get on the front foot. Don’t just see the change. Be a leader in the change we all want to see… With new legislation fast approaching, and an increasingly socially conscious workforce looking to align with good businesses that are doing good – it’s time to get moving on closing your gender pay gap for good.
So, where can I find out more?
Follow our journey on: LinkedIn or check-out our website to request a demo. We’d love to hear from you.
