King & Wood Mallesons (KWM) announced that chief executive partner for Australia Berkeley Cox the government has been named a CEO Pay Equity Ambassador by the government’s Workplace Gender Equality Agency (WGEA).
The move comes a few days before the country marks Equal Pay Day on 4 September. Cox is not the first from KWM to be named, as global managing partner Sue Kench has long been recognized with the same distinction. According to the WGEA, such ambassadors help create change by:
- playing a leadership role in their business community and to the broader public
- reinforcing their commitment to pay equity within their own organisation
- profiling and promoting their approach to pay equity
Those named as ambassadors must have undertaken a pay gap analysis of their workforce in the last two years, have acted on the results, and have communicated their pay equity initiatives to their employees
The WGEA has recognized KWM as an “Employer of Choice for Gender Equality” on multiple occasion, most recently last December.
According to the latest figures from the Bureau of Statistics, the national gender pay gap stands at 15.3%. On average, men working full-time earned $1,638.30 and women earned $1,387.10, a difference of $251.20 per week.
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