Already a subscriber?Weapons manufacturer BAE Systems, tech giants Microsoft and SAP and major consulting and law firms are among organisations that stand to lose billions of dollars worth of government contracts if they don’t set and meet gender equality targets under legislation Labor plans to pass this year.
on a median measure of total remuneration, after it got tough new powers to name employers with 100-plus staff who were failing to achieve pay equity. SAP Australia has entered government contracts worth $34.1 million since the start of 2023, most for the Digital Transformation Policy. Its pay gap was 16.2 per cent.Microsoft signed government contracts worth $44.7 million over the same period, including a $17 million deal with the Digital Transformation Agency. Its total pay gap was at 9.7 per cent and two-thirds of its 2800-plus local staff were men.most professional services firms at 38 per cent, 31 per cent and 35 per cent respectively.
Its total pay gap was 7.4 per cent, but women were disproportionately represented in its bottom pay quartile.Ms Wooldridge said employers would need to show progress on gender equality, even if they already had“It’s not enough to say, ‘we’ve done parental leave – tick!’ It’s about new, improved, and progression.
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