Flexible working hours and mentoring programs are some of the initiatives 10 Queensland companies have taken to increase the number of women in management.
A group of company leaders say they’re taking small steps towards increasing the number of women in senior roles.
Only 10.1 per cent of senior executive positions at Australia’s top 200 listed companies are held by women.
The Queensland Male Champions of Change, a group of 10 men in senior corporate positions, have released their first report on the measures their organisations are adopting to increase the number of women in their senior ranks.
Bank of Queensland chief executive Stuart Grimshaw says the bank has lifted the number of women in senior roles from 14 per cent to 22 per cent since 2011.
Women make up more than 50 per cent of the bank’s employees, but only three women sit on its 10-member board.
Mr Grimshaw says the banking sector has one of the largest pay gaps between men and women, and an internal survey found BoQ matched the industry’s gap of about 30 per cent.
“We understand that this gender pay gap will only be reduced in real measure by increasing the number of women in senior leadership and executive positions, and we are committed to addressing this through various gender diversity initiatives,” he said.
The bank said changes include flexible work arrangements, encouraging more women into management programs and a mentor program for career development.
Super Retail Group, the owner of Supercheap Auto and Rebel, has set a target of having women make up 30 per cent of its senior management by June 30.
“With more than 50 per cent of customer purchasing decisions now made by females, it’s imperative that our workforce is more representative of our customer base,” the company’s chief Peter Birtles said.
He said companies should also address the gender imbalance on company boards.
Super Retail Group has only one woman on its six-member board.
Aurizon chief executive Lance Hockridge agreed, saying gender equality should “start with the boardrooms.”
There are two women on the nine-member board of Aurizon, a freight rail operator.