ANZ bank giving female employees an extra $500 to correct gender pay gap.

MeatyTux · 2015-08-01T17:24:09+00:00

Its a royal mess and the guy in charge is an absolute gender-warrior. I look forward to it ripping the company apart as now they are committed to the slippery slope of ensuring everything is the same for everyone and there are going to be a thousand vocal sub-groups of employee that now get to have their demands catered to. Get ready for the graph showing how little money Other-Kin make as they are forced, forced I tell you, to turn down overtime as it conflicts with their schedule of attending con's and drawing sexy otters.

All while the bank itself is trying to profit off punitive gambling with other people's money while exploiting unequal markets and leveraging financial gaps.

How is a feminist bank ever going to be able to repossess a home from a lesbian family that cannot make the mortgage payments?

Banking and mandated total equality are entirely contrary activities. I cannot wait to see this blow up.

JayBopara · 2015-08-02T04:35:40+00:00

So now we have - a situation where women get paid more than men for EXACTLY the same amount and skill of work. So now there is a real gender wage gap. And it's against men.

2015-08-01T19:01:03+00:00

So a pay incentive that goes only one gender of employees and is publicized. I'm really looking forward to seeing this enacted since in America this is illegal.

mochacola · 2015-08-01T19:35:05+00:00

I actually think it's just to avoid lawsuits. $500 a year, per person, is a cheap price to pay to avoid lawsuits from feminist.

_-_Dan_-_ · 2015-08-02T00:25:00+00:00

Waow, true story? The website reads like satire:

When you look at today’s superannuation system, you can see it wasn’t designed with the specific needs of women in mind.

Why should it?

Based on the latest data, the average woman retiring now has around half of the average man’s super balance.

No problem if she has access to her partner's retirement fund. Also, the women who retire now are a) not helped by your "solution", and b) different from the women who retire with your "solution".

One of the main reasons for this is that, on average, women earn less than men, and because super is a percentage of your salary, that means less super.

On average in society or in your bank?

Women also tend to spend more time out of the workforce, and are more likely to work part-time to care for family, which again means less money for super.

So the priorities differ. Women actually see their children grow up and don't only see them early in the morning or after 6 o'clock.

Doesn’t really seem fair, does it?

Actually, it seems very fair. It's dependent on the time you work and ... you know, make money for the company.

And it’s even worse when you consider that women retire earlier and live longer than men. This means they’re likely to need more super for a comfortable retirement.

Thank god men have no need for a comfortable retirement, because luckily, they die early. Really, that's "worse"? Early retirement and living longer is a bad thing?

Seriously, why should men who have nothing to do with the women in the bank be forced to pay for them? Because that's what it is. You don't just conjure up money, it has to come from somewhere, it has to be generated. So the message for men is: Work in the bank, don't see your children, don't retire early, die early, and work hard to give money to your female colleagues.

Personally, I wonder how this plays out in the workplace regarding the relations between men and women. I somehow doubt that female employees get paid less than male, so just because a person is female, this person gets $500 more. Nice. BTW, Mundane Matt has a short video on it, perhaps also interesting.

evilbunny_50 · 2015-08-03T00:50:13+00:00

Credit to wallyupdabungenstein - https://www.reddit.com/r/auslaw/comments/3fdz7p/question_on_recent_anz_initiative/ctnslgi

ANZ have applied for and received an exemption for the anti-discrimination laws just for this initiative apparently.

HugoWeaver · 2015-08-01T23:29:27+00:00

To be clear, this is going in to their Superannuation, which is the Aussie equivalent of a 401K in America. I don't actually mind this since no contributions are made into it while they are taking maternity leave and other parental-associated leave off. They won't be able to access the money until their late 60's anyway

Title	ANZ bank giving female employees an extra $500 to correct gender pay gap.
Author	Vietnom
Upvotes	24
Comments	12
Date	August 1, 2015 4:10 PM UTC (10 years ago)
Subreddit	Posted in /r/MensRights
Original Link	https://old.reddit.com/r/MensRights/comments/3ff1g6/anz_bank_giving_female_employees_an_extra_500_to/
Archive Link	https://theredarchive.com/r/MensRights/anz-bank-giving-female-employees-an-extra-500-to.974210 https://theredarchive.com/post/974210

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