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2023-12-22 2:05 pm

Gender Pay Gap Employer Statement

Our Gender Pay Gap Employer Statement

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Gender Pay Gap Employer Statement

Bank Australia believes a workplace culture which promotes equality, diversity and inclusion is critical for continued growth and success.  Our goal is for our workforce to represent the varied cultures and life experiences of our customers and wider society, and for our employees to champion our efforts to be a more diverse and inclusive bank.

Bank Australia’s 2023 median total remuneration Gender Pay Gap (GPG) was 8.5%, significantly below the banking industry median of 35.0%, and at the lower end of the banking industry average GPG range.

In 2023, the Bank continued to employ more female staff (60%) than male staff (40%).

Bank Australia is committed to continuing to improve its positive Gender Pay Gap results, by ensuring pay equity across the workforce, and not discriminating based on gender, background or identity.  Our recruitment process targets balanced gender representation for shortlisted candidates and interview panels.  Every year, we audit our remuneration increases for potential gender gaps. This assessment considers factors such as performance, skill set and experience, tenure at the bank and differences in roles.  We have been doing this for 5 years and the number of required adjustments has reduced substantially.

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