Georgiou Group has published their latest gender pay gap analysis and is proud to report pay parity across the company for the third consecutive year.
Georgiou submitted its 2020/21 Compliance Report to the Workplace Gender Equality Agency, part of the Company’s vision to be the best people to work with and lead the way in gender equality.
The Workplace Gender Equality Act (WGEA) 2012 requires non-public sector organisations with 100 or more employees to report on three measures; base salary pay gap, total remuneration pay gap, and female participation. Each measure is sub-divided and reported according to seniority.
Total remuneration is calculated as full time equivalent (FTE) Base Salary, superannuation, and actuals such as overtime and allowance. In this area, the business saw no gap between men and women of equivalent positions in the company, which can be attributed to the company’s rigorous annual internal and external renumeration audits.
“Since coming into the role as CEO, it’s been my commitment to ensure pay parity for like-for-like roles across our operations, while aiming for equal numbers of male and female staff within the business and greater female representation in management roles,” he explains.
“Our diversity strategy to attract and retain more women into our organisation – and within the construction industry – continue to develop and in the past financial year, we’ve demonstrated significant improvements in our management population, senior women on projects, and maintained equality around entry-level roles.
“We acknowledge this is a journey we are on and we know we face many of the same challenges as our competitors in attracting and retaining women (particularly senior women) in construction and this is currently a big focus for us as a company.”
The company has also recently improved it’s Paid Parental Leave Policy and flexible work arrangements, continuing to position themselves as the best people to work with.
The company’s workforce composition is currently 78% men and 22% women –above the construction industry’s average of 18% women composition.