A shift is underway when it comes to the gender pay gap in Australia: opaque is on the out and transparency is creeping in.
This week two leading professional services firms, Ernst & Young and PwC, disclosed the pay gaps that exist between men and women in their respective organisations, for the first time.
The shift towards transparency follows the British government’s introduction, in 2017, of mandatory reporting of the pay gap in organisations that employ more than 250 people last year. The deadline for disclosure is the 4th April this year and around two-thirds of relevant employers have already complied.
It is a significant change because the historic lack of transparency around remuneration has long allowed the pay gap to flourish unchallenged. It has allowed the nebulous theory that the pay gap is myth to continue. The clarity that actual numbers deliver nips that in the bud and brings accountability to the table.