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Human Resources

MSD, Baxter and Philips closing the gender pay gap: #WhatsYourPayGap?

Health Industry Hub | August 30, 2021 |
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Human Resources: August 31 marks Equal Pay Day 2021 and the Workplace Gender Equality Agency (WGEA) is calling on all Australians to ask ‘#WhatsYourPayGap?’ in their workplaces and industries as a crucial step towards bridging this divide.

The WGEA announced that the new national gender pay gap figure of 14.2% indicates a rise of 0.8 percentage points over the last six months. This means Equal Pay Day 2021 will be on 31 August, marking the 61 extra days from the end of the previous financial year that women, on average, must work to earn the same annual pay as men.

Michael Azrak, MSD, MD & VP Australia, and New Zealand, told Health Industry Hub “It’s disheartening to see a rise in Australia’s national gender pay gap over the past 6 months, and this highlights the need for continued focus and commitment by companies to ensure women are equally compensated.

“As an Employer of Choice for Gender Equality with the Workplace Gender Equality Agency, we’ve committed to progressively getting better. We have clear objectives and measures in place at MSD to ensure we achieve gender pay equity. We continue to conduct annual pay equity reviews to correct pay gaps whilst ensuring a pay equity lens is applied throughout movements in the employment lifecycle. Change only happens when executives become aware of the gaps that may exist and act.

“Our commitment to gender equality and pay equity remains a key part of our Diversity and Inclusion (D&I) strategy, we foster a culture where our employees know they are supported and have access to progressive flexible work and parental leave practices. Providing our people with the same opportunity to be successful, regardless of their gender, is absolutely critical to our success,” he added.

Steven Flynn, General Manager for Baxter Healthcare Australia & New Zealand, said “Unequal pay is still a major barrier to women’s long-term career development. Senior leadership teams must take ownership of inclusion and diversity with a commitment to drive real tangible change on gender equality.

“For the past six years, Baxter Healthcare has been named among the top companies in Australia for gender equality by the Workplace Gender Equality Agency. Our formal policies, development programs and a continued commitment to inclusion and diversity has all but eliminated the gender pay gap in our organisation and is helping to grow the next generation of women leaders at Baxter.

“As an industry, we must continue to challenge ourselves to deliver new policies and measurable targets to eliminate pay gaps and achieve gender equality across all levels of management.”

Matt Moran, Managing Director of Philips Australia & New Zealand, stated “At Philips, we conduct organisation wide and like for like role pay equity analysis. Given women are often earning less than men in like roles elsewhere, and research indicates they often don’t ask for as much as men when being recruited, at Philips we ensure we benchmark all employees who join the organisation are paid no less than their colleagues (male or female) for like for like roles. This helps address the gender pay gap at the time of employment.”

WGEA Director Mary Wooldridge noted that the increase in the pay gap was concerning and served as a warning to ensure continued focus, effort and commitment to drive it back down again.

“This Equal Pay Day, we’re calling on all Australians to ask #WhatsYourPayGap? in their workplaces and industries as a crucial step towards bridging this divide.

“Equal Pay Day is an ideal opportunity to remind employers around the country that one of the key levers of change is through gender pay audits. These audits help employers identify and address discriminatory pay, to ensure that women are equally compensated and valued,” she commented.

Learn more on how can you support Equal Pay Day 2021 and ask #WhatsYourPayGap?


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