The firm is one of just 30% of Australian employers to record a median gender pay gap within the -5% to +5% target range
Holding Redlich has recorded a gender pay gap of just 2.1% in a report recently published by the Workplace Gender Equality Agency (WGEA).
The firm was one of the 30% of Australian employers with a median gender pay gap within the -5% to +5% target range. By contrast, 62% of employers reported a median gender pay gap that exceeded 5%, with men being favoured.
“The publication of gender pay gaps today serves as a catalyst for action and change. It is vital that we act to ensure all employees are fairly represented, equally valued, and rewarded in their workplaces”, Holding Redlich national managing partner Troy Lewis said.
The firm undertook various measures to ensure gender equality, such as analysing remuneration data continuously, benchmarking against industry standards, and conducting gender pay equity audits. Initiatives like enhanced parental leave benefits and its Flexibility@HR programme were aimed at reducing the traditional gender pay gap by supporting flexible working arrangements.
Holding Redlich also implemented a one-on-one parental leave coaching programme to assist employees in establishing flexible working arrangements.
“Making gender equality a strategic priority not only creates a great workplace for all employees but also attracts, develops, and retains quality talent, positively impacting our team and overall firm performance”, Lewis said.
The WGEA report presented data on median gender pay gaps in base salary and total remuneration for Australian private sector companies with more than 100 employees.
Almost 5,000 employers in Australia revealed their gender pay disparities in a first.
