Life insurer TAL declared it now provides “almost 100 per cent” equal pay for both male and female employees through its organisation.
The insurer said women are currently paid 98 per cent of their male counterparts’ salaries out of its 1500 employees.
This is up from 82 per cent last year, it said.
“Addressing gender pay equity is not about simply applying a single solution but requires a multi-faceted approach,” TAL chief people and culture officer Andy Moffat said.
This includes looking at direct action where there inequality in particular roles, hiring at the market rate for skills instead of just boosting the current base salary, and clear guidelines when reviewing pay.
TAL is also looking at other gender equality arrangements such as maternity and paternity support, management training on gender equality, and hiring males and females on equal pay for the same roles.
Females make up 47 per cent of TAL’s workforce, while males make up 53 per cent.
The Australian Government’s gender pay gap statistics showed the gap between male and female pay stood at 17.1 per cent for the same roles.
