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Pay Transparency – How does your employer do?

In the lead up to International Women’s Day 2019, the FSU wrote to employers in the banking and insurance section of our industry asking them to participate in our initiative to abolish pay secrecy clauses in your employment contracts.

We explained that pay transparency can reduce the gender pay gap by as much as 7%.

This is because when you can compare pay with your colleagues you can challenge gender pay gaps when you find them and make decision makers accountable. This is particularly important where your pay is determined by performance, and might be affected by unconscious bias.

Unfortunately most employers in the industry want to talk up strategies to eliminate the gender pay gap, but when it comes to implementing strategies like this, they aren’t prepared to walk the walk.

Here’s how your employer responded to this initiative:

This long list of employers who are not committed to pay transparency demonstrates that the rules are broken for working women. In order to change these rules and achieve fairness for working women, we need to change the government.

If you want to get involved in in a campaign for fairness for working women, click here.

Authorised By: Julia Angrisano, National Secretary
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