Australia Post delivers on gender pay gap
Australia Post has stamped out its gender pay gap, bringing the company’s average pay difference between men and women to zero per cent.
The reduction is an improvement on the company’s 1.4 per cent difference recorded in 2016 and is far below the national average of 16 per cent.
Australia Post acting chief executive Christine Corbett said she was extremely pleased with the result given Australia Post is one of the largest employers in the country.
“Over the last seven and a half years we have focused on improving the representation of women across all levels of leadership and addressing unconscious bias,” Corbett said in a statement on Tuesday.
“Since then, we have seen a concerted effort across the board to recognise and champion our female workers.”
In the past year, over 400 women have participated in Australia Post’s career development programs, which Corbett described as being “instrumental” in identifying and nurturing talent.
Women now account for 37.5 per cent of all management staff at Australia Post, up from 36.4 per cent, while the number of female board members has jumped to 44.4 per cent from 33.3 per cent in 2016.
The announcement comes only weeks before former Blackmores chief executive Christine Holgate is due to take the reins and lead Australia Post on less than half the pay of her predecessor Ahmed Fahour.
Holgate will join the board at the end of the month and will receive an annual salary of $1.375 million, more than $4 million less than the $5.6 million Fahour took home in 2016/17.
Her appointment will bring the number of female directors to five out of nine, including deputy chair Holly Kramer.
Women at Australia Post account for:
44.4 per cent of all board members, up from 33.3 per cent in 2016
37.5 per cent of all management staff, up from 36.4 per cent
17.7 per cent of all delivery managers, up from 14.4 per cent
53.6 per cent of all postal managers, up from 51 per cent
37.7 per cent of executives, up from 35.4 per cent