In support of the publication of Aotearoa’s first gender pay gap registry, Suncorp New Zealand has reported its NZ-specific pay gap and women in leadership data for the first time.
The pay gap registry, published on the 49th anniversary of the Equal Pay Act, aims to encourage all organisations to commit to pay gap reporting in an effort towards an Aotearoa where everyone is paid fairly for their work.
“Measuring and reporting our gender pay gap and pay equity data shines a light on this issue and enables us to work more effectively to create a fairer workplace,” said Catherine Dixon, executive general manager of people and culture at Suncorp NZ.
Catherine Dixon was recognized as one of the most accomplished Women Leaders in Insurance. Read the full special report here.
While pay equity has always been a focus of the insurer’s diversity and inclusion strategy, New Zealand figures were previously only reported as part of parent company Suncorp Group’s membership of the Workplace Gender Equality Agency (WGEA).
The insurer’s NZ-specific data are now published in the pay gap registry, with data as of 31 January 2022 revealing a 13.3% gender pay gap and women occupying 45.8% of its senior leadership roles.
The publication marks one of many steps Suncorp New Zealand has taken to address pay gaps in recent years, including openly publishing pay bands, setting targets for women in leadership roles and gender pay gap reduction, and conducting comprehensive gender pay equity analyses every year.
Suncorp New Zealand also aims to have no case of gender pay inequity that cannot be explained by genuine factors such as experience or performance, in accordance with the Equal Pay Act.
“Suncorp New Zealand aspires to be an open, inclusive, and accessible employer,” Dixon said. “An important part of having a diverse workforce is ensuring that our people are fairly paid and have access to development opportunities and higher paying roles regardless of gender, ethnicity, sexuality, or any other factor.”
