Third Largest Bank in Australia to give Female Employees Extra $500 Annually to Fight “Pay Gap”

ANZ, Australia’s third largest bank, will be giving its female employees an extra $500 because “women earn less than men.”

According to an official release on the bank’s website, female employees at ANZ will get an extra $500 annually simply for being a woman.

“On average,” the site explains, “women earn less than men, and because super is a percentage of your salary, that means less super… Doesn’t really seem fair, does it?”
For that reason, “ANZ will make an additional $500 super contribution to every fixed-term and permanent female employee each year from 8 January 2016.”

Joyce Phillips, ANZ’s “Wealth CEO,” explains, “These initiatives are all about supporting the future financial well-being of our staff.”

Women should earn extra money for being female, she continued, because, “for many of our staff, the extra $500 each year is a good start to bridging [the pay] gap.”


Founder and editor of the Social Memo

  • Facebook
  • Image
    Blogger Comment
    Facebook Comment


  1. The pay gap doesn't exist. Or at least, it didn't. And now it does, because now women are paid more than men.

  2. So if a male and female work the exact same job at ANZ bank, the female will now receive $500 extra in the super annual.

    And this is "fair". Right. This bust be some use of the word fair that I am unaware of.

  3. This is a simple PR stunt. It has nothing to do with fairness. If they are wage-discriminating based on gender, they should stop. It is not more complicated than that…