Recognising the impact of taking parental leave on the superannuation entitlements of our workforce, we developed a new policy to bridge the gender gap.
- Undertook analysis on the financial consequence of taking unpaid parental leave, revealing:
- taking parental leave has a significant impact on the amount of superannuation available at retirement age
- nearly half of our employees return to work on a part time basis, further impacting accumulated superannuation
- Introduced a policy to ensure continuity of superannuation contributions throughout unpaid parental leave in addition to the 12 weeks paid parental leave already offered
- Supported our commitment to achieving gender equality in the workplace through closing the gap in accumulated superannuation available to men and women at retirement age