Transparent gender and ethnicity pay gaps
Our most recent pay equity analysis shows we’re progressing towards the goals we have set as an organisation. We believe by being open and transparent around the gaps that exist we can move to closing them sooner.
While we’re proud of our progress to drive diversity and inclusion we openly recognise there's much more to do in this space.
Our areas of focus include a commitment to continuing to grow female and gender diverse representation in our more senior roles and growing the gender balance and ethnic representation throughout the organisation so we're reflective of the communities we work in.
We already regularly look closely at salaries for people performing the same role to ensure it's fair, and based on experience and overall contribution to Kiwibank, regardless of gender. This is an ongoing focus with checkpoints during salary reviews and an annual Board report on pay equity.
Our current pay gaps
- Overall median pay at Kiwibank is much higher for males than females, largely due to the greater number of males in senior roles and the much larger proportion of females in our frontline/team roles.
- When we compare the overall median level of pay of females to the median level of pay for males, we have a gender pay gap of 34.3%.
- When we compare pay differentials for similar roles on a gender basis, any gaps are much smaller, and show greater levels of pay equity across the bank.
Got questions? Get in touch with our team by emailing us at Inclusion@kiwibank.co.nz