We were the first bank to publicly commit to achieving an aspirational target of 50% of our leadership roles to be held by women, which we achieved in 2017. We are proud to have reached gender equality in leadership roles in our 200th bicentenary year; and our 'women in leadership' target of 40% for General Managers in 2017.
Our journey started early, with Westpac being one of the first publically-listed companies to provide paid parental leave in 1995, extended to partners in 1998. We've continued to make progress in this area, as we want women to consider us as their ‘Employer and Bank of Choice’ and to be known for our commitment to women in leadership.
We are proud to be publically supportive of pay equity in Australia and we have signed up as a Pay Equity Ambassador through the Workplace Gender Equity Agency.
We actively celebrate gender equality every year with our global International Women's Day campaign.
We are on track to reach our ‘women in leadership’ target of 30% for the Westpac Group Board.
How we're empowering women
- Paid parental leave: In 1995, we were one of the first publicly-listed companies in Australia to provide paid parental leave and in 1998, first to provide paid partner leave. We were also the first private sector company to pay superannuation on unpaid parental leave in 2010
- Flexible working: All of our people can choose from a range of flexibility options to suit work and personal needs
- In 2016 we were the first bank to make it a standard operating procedure to recognise a customer’s paid parental leave and return to work income in their borrowing capacity for home lending
- We have mandated that there should be 50% women on recruitment shortlists for all leadership roles
- We have also mandated that 50% of high potential program and graduate program participants be women
- In 2008, we were the first of Australia's big four banks to be led by a female CEO
- We are recruiting female talent with transferable skills from non-financial industries through our Equilibrium Program
- Our internal Women of Influence Awards program recognises our own female employees who are making an outstanding contribution to our business, customers and local communities.
Training and development
- We offer a wide range of training programs to help women with their career development
- We were the first bank to dedicate a unit specifically to the success and development of Australian women through the Ruby Connection website.
- We have received the Employer of Choice for Gender Equity Citation (awarded by the Workplace Gender Equality Agency) every year for over a decade
- We won Employer of the Year at the 2016 Women in Banking and Finance Awards
- We are ranked as the leading Australian bank in the 2017 Bloomberg Financial Services Gender Equality Index.