Hostplus is committed to creating and sustaining a diverse and inclusive workforce which embraces a wide range of perspectives, backgrounds and life experiences.
We strive to create a workplace culture that supports our people to thrive, innovate and equally contribute to the success of our organisation.
We believe this approach fosters a dynamic and productive workplace but also helps us to more effectively connect with, and service, the diversity of members we represent.
One way we do this is through the employee leave benefits we offer to our team, such as our parental leave policy that includes 18 weeks company paid primary carer parental / adoption leave.
In addition, Hostplus continues to provide employee superannuation contributions for the duration of a parental absence up to 12 months to ensure employees who want to start a family aren’t worse off in retirement.
We are proud of these benefits, along with the fact that our gender pay gap is lower than our industry comparison group.
Our Diversity, Equity and Inclusion Strategy, which was approved by our Board in October 2022, underpins the ongoing program of work we are undertaking in this area with the aim of better understanding the drivers and actions required to address gender equality issues at Hostplus.
The implementation of this strategy is well underway. The strategy incorporates an analysis of our current gaps, setting more ambitious targets, and identifying recommendations for enhancements to our current Recruitment and Selection Policy and practices. These include:
- The ongoing implementation of a pay rebalancing program that identifies and removes gaps between like-for-like roles.
- The development of an Attraction and Retention Strategy with a targeted pipeline of activities to support the growth of high potential women.
- A greater focus on gender equality in succession planning and extending this across the organisation, to develop stronger talent development opportunities.
The Hostplus Board and executive leadership team remain committed to progressing this work and will continue to prioritise outcomes that ensure the value and contribution that women make at Hostplus is reflected through equal pay and strong diversity and inclusion practices.