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Preparing for upcoming Gender Pay Gap reporting

Organisations can expect increased scrutiny of gender pay gaps in early 2025, when the Workplace Gender Equality Agency (WGEA) releases gender pay gap (GPG) data for the 2023-24 reporting period.

What’s being published and what’s different from 2024?

  • GPGs of every ABN with 80+ employees will be published, unlike the previous aggregated average figure
  • GPG for the corporate group will be disclosed
  • Median and mean (average) GPGs for base and total remuneration will be shown
  • Gender composition and average total remuneration for each pay quartile will be included
  • CEO’s salary will be included in calculations

With six months before the gaps are published, now is the time for employers to take proactive steps such as:

  • Developing an action plan to address gender inequality, including employee consultation and involving senior decision-makers
  • Creating or updating the GPG Employer Statement ahead of the 2025 report with commitments and priorities
  • Ensuring correct industry classification for accurate comparisons
  • Analysing annual like-for-like pay gaps and understanding the root causes of GPG
  • Utilising WGEA data to identify and address recruitment and promotion disparities.

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