May 12, 2021
We want equal rights for all genders! This isn’t a phenomenon that can miraculously happen overnight in the workplace – we’d hope everyone’s moral compass veers in the right direction but that’s not always the case and so organisations need to be held accountable.
Time for some hard-hitting stats: The current gender pay gap stands at 13.4% and only 32% of women are in key management positions . Biased hiring and pay decisions, and the lack of flexibility or support for female carers are the few reasons that have trampled career progression and are the root of the gender pay gap. We needed to do BETTER and so the Workplace Gender Equality Agency (WGEA) was born in 2012. In order to improve gender equality outcomes, WGEA requires companies with more than 100 employees to report and companies with over 500 employees to comply with the minimum standards which we will unpack further below.
Interesting fact: Proactive companies committed to serving gender equality can be formally acknowledged as an ‘Employer of Choice’. On the contrary, if you’ve been non-compliant, I’ve got some bad news for you – welcome to the blacklist and goodbye righteous brand reputation. Each year, WGEA reveals all the companies that have failed to comply. You can lose eligibility to tender for contracts or receive government grants if you haven’t followed the WGEA rules!
Below are the four key areas in WGEA’s minimum standard that you should pay close attention to:
You’ll need to advocate gender equality in one of the following areas: recruitment, retention, performance management, promotion, identification of talent and high potential employees, succession planning, training and development, and gender equality overall.
You’ve got to make sure there’s a remuneration strategy so there’s no biases in pay decisions. We want to close the gender pay gap!
Do you have a strategy to support carers in your workplace? This could be through flexible working arrangements, additional leave entitlements or perhaps KidsCo school holidays programs?
Don’t forget to devise and implement policies and strategies that prevent gender-based harassment in the workplace.
Find out more on the WGEA website here.
KidsCo has helped over 75 companies in the ‘Carers Support’ space when reporting to WGEA. In partnership with leading organisations such as PWC, Toyota, and Cotton On Group, we’ve provided onsite and virtual school holiday programs to relieve the stress on working parents who are frantically sourcing alternative childcare or taking unnecessary leave during this time.
With 1 in 4 women considering leaving or altering their career as a result of caring responsibilities, it’s absolutely critical for organisations to implement a strategy that supports carers . Our school holiday programs have hit the nail on the head and have been a major success – it’s lended a helping hand in workplace diversity and inclusion; employee mental health and wellbeing; and talent acquisition and retention.
Our client Bunnings found that the mental health of their employees improved from 64% to 92% in the period KidsCo was running and through a wider lens 92% of parents overall felt more valued by their workplace when they were offered KidsCo as an employee benefit.
Learn more here.
Are you looking for a school holiday, before and after school care, back up care or looking to retain top talent with an innovative HR initiative? Whether it’s onsite or virtually at home, let's talk.
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