Closing the gender pay gap
Closing the gender pay gap
As part of our equity, diversity and inclusion strategy, we continue to work towards closing our gender pay gap.
Our pay gap data
At ANZ New Zealand we’re working hard to build a workplace that is equitable, diverse and inclusive. This is the fourth year we’ve reported our overall gender pay gap. It’s encouraging to see progress, but there’s more work to do to increase the representation of women in leadership roles, particularly in areas that are higher-paying and predominantly male. This is crucial to closing the gender pay gap.
We use two measurements to help us better understand and explain the underlying reasons for differences in pay – the gender pay gap and the pay equity gap. This year we are reporting the average and median pay gap for 2024. While averages can be influenced by outlier values, the median takes the middle value in the data set and provides a closer representation of the earnings typical of our male and female employees.
Key actions to improve difference in pay
- Talent identification and sponsorship initiatives to ensure there is a proactive focus on building the future female talent pipeline.
- Continuing to enhance reporting to support increasing the representation of women in leadership and higher paying roles.
- Monitoring pay equity on an ongoing basis and taking positive action toward closing gaps where they exist, including as part of our recruitment and performance and remuneration processes.
- Our Aotearoa Forward affinity group that provides a network to raise awareness and support work-based gender equality by encouraging kōrero and providing learning opportunities and initiatives particularly for women.
This data represents permanent employees of ANZ Bank New Zealand Limited, excluding the New Zealand CEO. Percentages are based on full-time equivalent average Total Pay (salary and superannuation, where it forms part of a fixed remuneration package, plus variable pay). Values (unaudited) are provided by ANZ New Zealand on a voluntary basis and are as at 30 September of the relevant year.
The average gender pay gap is calculated by dividing the average remuneration for women by the average remuneration for men. The median gender pay gap is calculated by dividing the mid-point remuneration for women by the mid-point remuneration for men.
Gender data in this report is reported using binary female and male categories. ANZ New Zealand recognises and respects diverse gender identities and is committed to providing a safe, respectful and inclusive workplace for our non-binary and gender diverse employees.
Contact the ANZ Equity, Diversity and Inclusion team
ANZ – A great place to belong
We believe in the inherent strength of a vibrant, diverse and inclusive workplace. To find out more, take a look at our careers section to see what life is like at ANZ.