Suncorp CEO & MD announced as WGEA Pay Equity Ambassador
Monday 4 September, 2017
Today marks national Equal Pay Day, a symbolic day which raises awareness of gender pay equity challenges and solutions. It marks the additional time from the end of the previous financial year that women must work to earn the same as men. It has been marked in many countries around the world since 1996 and the day varies depending on the gender pay gap in any particular country.
On national Equal Pay Day, Suncorp has reaffirmed its pledge to closing the gender pay gap with CEO & Managing Director, Michael Cameron, announced as a Workplace Gender Equality Agency (WGEA) Pay Equity Ambassador.
Mr Cameron said achieving gender pay equity and promoting gender balance at all organisational levels continues to be a priority as part of Suncorp's Diversity and Inclusion Plan.
"At Suncorp, it's a matter of principle that all employees should be paid equally for the value they bring to our company and our customers. There is no place in our culture for pay differences based on anything other than the contribution you make," he said. "I'm proud to show my commitment to pay equity and become a Workplace Gender Equality Agency (WGEA) Pay Equity Ambassador."
Mr Cameron said that action was the key to closing the gender pay gap. "At Suncorp, we are targeting gender equality at all business levels, and offering equal access to development, promotion and pay for men and women. We believe this will allow us to draw on the full potential of our workforce," he said.
"We already have gender balance across our total leadership population (team leaders through to senior leadership) and in our senior leadership community, female representation has increased from 33% in 2011 to 43% in June 2017. Having gender equality in my executive team is very important and something I've been passionate about. I've increased the number of my female direct reports from two when I came into the role to now six, achieving gender balance.
"We also carry out gender pay equity reviews each year. This gives us a chance to investigate if any anomalies exist. In our most recent review in May 2017, I'm pleased to say no systemic issues were identified.
"I believe we can deliver great service and outcomes for our customers and stakeholders most effectively when our people feel included, valued and connected, and our workforce is as diverse, inclusive and passionate as the communities in which we live and operate."
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