27 Jun 2022

Gender pay gap reporting can boost profits: report

From Nine To Noon, 9:07 am on 27 June 2022
Bearded businessman working with team new project. Generic design notebook on wood table

Photo: 123rf

New Zealand is falling behind other western countries in closing the gap between men and women's wages, according to new research.

The average our gender pay gap here is 9 per cent, but the difference in pay for a Pasifika woman and a Pakeha man is 25 per cent.

Australia, the UK, France, Spain, Sweden and South Africa have all introduced compulsory reporting, but New Zealand has not.  

A new report analysing gender pay gap reporting in these six countries, prepared for the United Nations by the Global Institute for Women's Leadership at Kings College London, shows there is a growing appetite for change and transparency in many countries, and that organisations believe public reporting can boost their profits.

Kathryn speaks with report author Minna Cowper-Coles, MindTheGap NZ co-founder Dellwyn Stuart, and former Westpac CE now KiwiRail chair David McLean.