Powered by MOMENTUM MEDIA
investor daily logo

Gender pay gap ‘closed’, claims TAL

  •  
By Reporter
  •  
2 minute read

Female employees at TAL are now earning 98 percent of male salaries, as the life insurer works to close the gender pay gap.

TAL said that a year ago, the ratio of female to male pay was 82 per cent, which was then around the national average for pay inequality.

According to figures from the Australian Government’s Workplace Gender Equality Agency released in March, the national gender pay gap stands at 17.1 per cent.

“Addressing gender pay equity is not about simply applying a single solution but requires a multi-faceted approach,” TAL's chief people and culture officer, Andy Moffat, said.

“TAL is determined to ensure it makes lasting change to reflect both its own and the community’s expectations when it comes to equality.

“While the overall number of female employees at TAL represents 47 per cent of all workers compared to 53 per cent for men, a range of initiatives are underway to ensure a better balance in senior roles.”

In addition, TAL requires both genders to be equally represented on the shortlist for job opportunities and provides 50/50 access to job promotions.

As part of a broader program, TAL also provides flexible work arrangements, maternity and paternity support and a commitment to hiring both genders on equal pay for the same roles.

“Commercially, we need to make lasting change to be a sustainable and responsible business long term. This is not about taking one-off actions,” Mr Moffat said.

“Customers and society expect corporate institutions to do the right thing and our employees see this as being of high importance.”