Friday, February 3, 2023
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It is okay to speak pay – Westpac

Westpac has introduced a change in its strategy to pay confidentiality and that it’s going to enable workers to have open discussions about their wage in the event that they so select.

The change was initially made in December to contracts of recent financial institution staff, and efficient April 1, Westpac has confirmed that present contract clauses will not apply.

Christine Parker, Westpac’s group govt human assets, stated the transfer is one other step in decreasing the chance of bias within the office.

“Extra broadly, the previous two years has seen elevated visibility and consciousness of necessary points together with gender equality, ladies’s financial safety, and girls’s security,” Parker stated. “There’s extra to do, however we’re inspired by the present conversations and willingness to have interaction.”

Key actions Westpac made to help gender equality and girls’s security embrace:

  • It Begins with Respect: Westpac’s 10-point plan to handle sexual harassment
  • home and household violence paid go away, which provides 20-day leaves for workers and 10 days for carers
  • elimination of pay confidentiality clauses in new worker contracts
  • not imposing pay confidentiality clauses in present worker contracts
  • superannuation paid for as much as two years parental go away
  • 16 weeks paid parental go away and early being pregnant loss go away
  • sexual harassment coaching from board to all ranges of the organisation 



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