Businesses that pay their employees fairly, regardless of gender, attract talented staff with better morale and motivation, and this results in increased productivity.
By removing barriers for women to work, including removing the gender pay gap, businesses broaden the talent pool by tapping into the large proportion of new talent entering the market.
This is especially critical at a time where skill shortages are evident.
Increasing the gender diversity in workplaces can result in increased performance.
Many studies have found a positive relationship between a business’s financial performance and the number of women on its board.
Businesses reduce the risk of legal claims and their exposure to costly, time-consuming and damaging discrimination complaints which could be made under the Fair Work Act 2009 if women’s and men’s pay is unequal.
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