All organisations can benefit from understanding, measuring, and reporting on their gender pay gap.
Gender pay gap reporting is one of a suite of interventions used internationally to address gender pay gaps. This process shows both organisations and employees where improvements can be made in gender equality and enables organisations to act.
There are many benefits to reporting on the progress to close your organisation’s gender pay gap:
- Employees, customers, and stakeholders value authenticity, and it demonstrates that your organisation is a leader on gender equality and diversity.
- All employees have access to equal opportunities and outcomes.
- Potential discriminatory practices, policies, and processes regarding pay, recruitment, progression, and development are identified and improved.
- Employee morale, motivation, productivity, and trust can improve.
- Organisations are seen as a trusted, reputable, and socially responsible employer, which can help you attract and retain top talent.
- Organisations are set up for the long-term to proactively investigate, report on, and address future inequities.
- Employees understand the pay system and are empowered to make more informed decisions on their employment.
Other countries, such as Australia, the United Kingdom, Canada, and the United States have introduced pay gap reporting systems.