Vertas Group is proudly working towards workplace equity. We know transparency is important, and that’s why we’re pleased to share our latest gender pay gap (GPG) report here: https://lnkd.in/egftaWye. Firstly, we want to reiterate that we do not pay people differently based on gender. However, we acknowledge a pay gap can persist due to various factors. We published our GPG report earlier this year, revealing some important insights. While our GPG has remained low for the 6th consecutive year, we’ve seen a slight increase in the median GPG to 2.8% and a similar uptick in the mean GPG to 10.5% for 2024. 📊 💪 It’s important to note that our GPG figures are significantly lower than the UK averages, highlighting our ongoing commitment to equality. We’re using this data to inform positive change, focusing on three key areas: recruitment, community, and development. To find out how we're closing the gap, visit our website here: https://lnkd.in/egftaWye. #GenderEquality #EqualPay #DiversityandInclusion #Transparency
Vertas Group Limited’s Post
More Relevant Posts
-
Today is the European Equal Pay Day - the day, when due to the gender pay gap, women symbolically start working for free compared to their male colleagues. While it's important to draw attention to the gender pay gap, there are many other gender dimensions in the labour market that go beyond pay. Eurofound has been measuring job quality for many years and has developed 7 dimensions for what constitutes quality employment including i) physical environment, ii) work intensity, iii) working time, iv) social environment, v) skills, vi) prospects and vii) earnings. Pay is obviously important to have an immediate quality of life, we should also take time to highlight the other dimensions of quality employment where gender inequality continues! For example taking work intensity, women are more likely to be exposed to emotional demands at the work place such as handling angry clients or resolving emotionally intense situations, compared to male colleagues. On social environment, women, unsurprisingly sadly, report higher instances of adverse social behaviors and threats or harassment at the work place. Even on earnings, it isn't simply a case that men are paid more than women, the increased use of company shares or payments based on company performance typically favour men over women, which is widening the gender pay gap. You can read more about the gendered dimension of work from Eurofound below: https://lnkd.in/e6r_ra8A In short, yes let's work towards closing the gender pay gap, but let's not forget other gendered dimensions of work too! #genderpaygap #equalpayday #EuropeanEqualPayDay #SocialRights #GenderEquality
To view or add a comment, sign in
-
Today is International Equal Pay Day. 💰 Closing the gender pay gap is not just a moral imperative, but also an important step for increasing the trust, inclusion and belonging of women, and other under-represented groups’ experience in your organisation. WGEA research has identified three main contributors to Australia’s gender pay gap: 👧 gender discrimination (36%) 👪 care, family responsibilities and workforce participation (33%), 👩🏭gender segregation by job type and industry (24%) The gender pay gap is different to “equal work for equal pay,” and highlights the historical and ongoing devaluation of women in our society. Whilst the gap is reducing, the pace is glacial, in part because its contributing factors are what we commonly call ‘wicked problems’. Read more from National Committee member Deb Travers-Wolf 👁️🗨️ https://lnkd.in/gEcg-qnf Anntonette Dailey, Deb Travers-Wolf, Dwayne Fernandes, Jacqui Tyack, Katie Mouser MAHRI, Keira Chrystal, Larry James, Mitch Porteous, Mei H., Dr Sheila Gough Kenyon ♾️ #equalpayday #SpaceDiversity #InclusionInSpace #IDEA #inclusion #diversity #equity
To view or add a comment, sign in
-
In South Australia, the gender pay gap currently sits at 9.8%. This means that, on average, for every $1 a man makes, a woman is paid almost 10 cents less. Today is Workplace Gender Equality Agency Equal Pay Day 2024. On this day, awareness is raised about the gender pay gap. The 19 August marks the 50 extra days that an Australian women must work to earn the same, on average, as men did in the last year financial year. The gender pay gap is the result of social and economic factors that combined reduce women’s earning capacity over their lifetime, resulting in a significant wealth gap by retirement. An unequal distribution of caring roles and family responsibilities, unconscious bias in the workplace and during recruitment processes, and gender segregation by job type and industries are some of the main social and economic drivers of the gender pay gap. In 2022, the South Australian Gender Pay Gap Taskforce was established to work on identifying the specific issues leading to the gender pay gap and making recommendations to the SA Government to help make positive impact. Watch this video* and to learn more about the gender pay gap, visit: https://lnkd.in/gSefGWxg *SA Gender Pay Gap data accurate at time of filming #HumanServicesSA #WGEAEqualPayDay #EqualPayDay2024 #GenderPayGap #EqualityMatters
To view or add a comment, sign in
-
Gender pay gaps at Australia's biggest employers have been revealed with some companies seeing a 50% difference between what is paid to men and women. At 26 minutes, WORK180 CEO Valeria Ignatieva explains why this is an important step towards gender equity, what's missing from the data and why Gen Z are demanding pay transparency. Listen now: https://lnkd.in/gVN7VR7a #GenderPayGap #EqualPay #PayEquality #EqualityMatters #BreakTheBarriers #WomenEmpowerment #StandUpForChange #FairWages #EqualOpportunity #GenderEquality #WORK180 #DreamJob #CareerGoals #JobInterview #JobApplication #JobTips #JobSeeking #JobHunter #JobAlert #JobSeekerLife #JobHunter #JobSearchStrategies
To view or add a comment, sign in
-
Happy International Workers' Day! Today, we celebrate the remarkable contributions of workers worldwide. As we commemorate the past struggles and victories of the labour movement, while continuing to fight for fair wages, safe workplaces, and dignity for all workers. However, amidst our celebrations, let's not forget the sobering reality: globally, women's participation in the workforce stands at only 47%, compared to 72% for men, leaving a troubling 25% gender gap. Moreover, studies reveal that in South Africa, only 26.5% of top management positions are held by women. These statistics underscore the pressing need for greater strides towards gender equality in the labour force. Together, we must strive for a future where every worker, regardless of gender, is respected, valued, and empowered. Let's work tirelessly to ensure that our workplaces are inclusive and representative of all, fostering an environment where every individual can thrive. #WorkersDay #Solidarity #SocialJustice #CSVR35 #GenderEquality
To view or add a comment, sign in
-
Join us in addressing a challenge that is persisting in Australia's leading firms: the gender pay gap. How can we all play a part in closing this gap? Read our latest blog for insights and actionable steps towards a more equitable workplace: https://bit.ly/3TvWsrt
To view or add a comment, sign in
-
Recently our CEO Andrew Kay was asked to participate in a mythbusting video about the gender pay gap in collaboration with the Department of Human Services SA. Mr Kay said: "As a business leader, you may look at this video and believe you are not part of the problem, which is great, but you can be part of the solution". To learn more about the gender pay gap, visit: https://lnkd.in/gSefGWxg #HumanServicesSA #WGEAEqualPayDay #EqualPayDay2024 #GenderPayGap #EqualityMatters
In South Australia, the gender pay gap currently sits at 9.8%. This means that, on average, for every $1 a man makes, a woman is paid almost 10 cents less. Today is Workplace Gender Equality Agency Equal Pay Day 2024. On this day, awareness is raised about the gender pay gap. The 19 August marks the 50 extra days that an Australian women must work to earn the same, on average, as men did in the last year financial year. The gender pay gap is the result of social and economic factors that combined reduce women’s earning capacity over their lifetime, resulting in a significant wealth gap by retirement. An unequal distribution of caring roles and family responsibilities, unconscious bias in the workplace and during recruitment processes, and gender segregation by job type and industries are some of the main social and economic drivers of the gender pay gap. In 2022, the South Australian Gender Pay Gap Taskforce was established to work on identifying the specific issues leading to the gender pay gap and making recommendations to the SA Government to help make positive impact. Watch this video* and to learn more about the gender pay gap, visit: https://lnkd.in/gSefGWxg *SA Gender Pay Gap data accurate at time of filming #HumanServicesSA #WGEAEqualPayDay #EqualPayDay2024 #GenderPayGap #EqualityMatters
To view or add a comment, sign in
-
Today is Equal Pay Day, a powerful reminder that the gender pay gap still exists. On average, women earn 16% less than their male counterparts, highlighting the need for change. . The wage gap isn't just a statistic; it reflects systemic issues that impact the financial well-being of women across all industries. It's time to break the barriers and strive for equality in the workplace! . Let's use today to raise awareness, spark conversations, and advocate for policies that promote fair and equal pay for everyone. Every step counts in the journey towards closing the gap and building a more inclusive future. . #EqualPayDay #CloseTheGap #EqualPayForEqualWork #GenderEquality #PayEquity #WorkplaceEquality
To view or add a comment, sign in
-
As we celebrate International Women’s Day this week, it’s a great time for firms to reflect and review their gender pay gap results and look at what steps need to be taken to ensure they have equality in the workplace. Going beyond compliance sends a powerful message to internal and external stakeholders that you are serious about pay equality and inclusion and helps hold leadership to account in making positive change. Furthermore, recent press coverage has highlighted the importance of firms conducting effective gender pay gap analysis. Watch our video now, where we share best practice tips to avoid reputational and financial damage. Interested in partnering with us to calculate and present your Gender Pay Gap report? Click here to get in touch with the team: https://lnkd.in/dqCwTqyf #IWD2024 #genderpaygap #employeebenefits
To view or add a comment, sign in
-
As we celebrate International Women’s Day this week, it’s a great time for firms to reflect and review their gender pay gap results and look at what steps need to be taken to ensure they have equality in the workplace. Going beyond compliance sends a powerful message to internal and external stakeholders that you are serious about pay equality and inclusion and helps hold leadership to account in making positive change. Furthermore, recent press coverage has highlighted the importance of firms conducting effective gender pay gap analysis. Watch our video now, where we share best practice tips to avoid reputational and financial damage. Interested in partnering with us to calculate and present your Gender Pay Gap report? Click here to get in touch with the team: https://lnkd.in/dqCwTqyf #IWD2024 #genderpaygap #employeebenefits
To view or add a comment, sign in
4,256 followers
More from this author
-
FM is a vast sector, what skills are required to manage clients' complex needs?
Vertas Group Limited 2y -
Employee engagement, a HR function or strategic function driven by leadership? Why should businesses prioritise the strategic value of their teams?
Vertas Group Limited 2y -
Shaking off the number crunching reputation. Why finance departments need to build their reputation as pillars of strategic business planning.
Vertas Group Limited 2y