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Some of Australia's most prominent executives have signed a commitment to closing the gender pay gap

Photo: iStock

Business leaders at 122 Australian companies have publicly committed to closing the nation’s gender pay gap.

As part of the commitment, business leaders including Lendlease CEO Steve McCann, Ten Network CEO Paul Anderson, Australian Federal Police commissioner Andrew Colvin, and Commonwealth Bank CEO Ian Narev, will work towards helping their organisations and industry achieve equality in like-for-like roles.

The campaign is supported by a new report released by the Male Champions of Change titled, Closing the Gender Pay Gap.

The report is a step-by-step guide from what to look for, how measure your pay gap, how to take action, and how to effectively communicate that with your business.

Australia’s average gender pay gap currently sits at 15.3%, according to the Workplace Gender Equality Agency.

The difference in pay is attributed to issues such as an under-representation of women in leadership positions.

Signatories from a wide range of industries including business, property, the public service, technology, sport, and more are inviting other Australian leaders to join them in addressing these issues.

“There is no excuse for men to be paid more than women for work that has the same accountability, breadth and difficulty, and for which they have comparable performance, competence and experience,” says McCann.

“We’ve learned that gender-based pay gaps can be both common and insidious – particularly in historically male-dominated sectors. Having regular, scrutinised and actioned reporting is a game changer – real-time access to relevant data becomes hard to ignore and demands action.”

Narev says while the principle of equal pay for equal work is widely accepted across Australia, businesses must work together to “translate principle into consistent practice”.

“This relies on personal investment from senior leaders. We need to be accountable for ensuring that good intentions lead to tangible and measurable outcomes.”

Here are some warning signs that there is a pay gap problem in your workplace

See the report, and the full list of executives who have committed to the campaign here.

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