Bank receives award for work on gender equality

by Mike Wood09 Mar 2021

IMB Bank is celebrating this International Women’s Day after being named as an Employer of Choice for Gender Equality by the Workplace Gender Equality Agency (WGEA).

The WGEA, which is the government agency tasked with tackling disparity in employment, gave IMB their award in recognition of the work that had been done on a strategic level to combat gender inequality both in the banking sector and in the wider community.

IMB have taken several steps to make their workplaces more inclusive, including paid parental leave for both parents, adding flexible working arrangements for parents, ensuring that promotions and career development decisions are made in an equitable manner and committing to closing the gender pay gap.

They are one of 19 businesses across Australia to have been added to the Employer of Choice designation for 2020-2022, a list that also includes Charter Hall, ASX and Bank of Queensland from the financial services sector.

“This is wonderful recognition for IMB Bank and is an important milestone in our business strategy,” said IMB Bank Chief Executive, Robert Ryan. “We strive to provide a workplace that is not only stimulating and enjoyable but supports our team and creates a sense of belonging that enables all individuals to thrive and succeed.”

“We are very proud to have been able to achieve this citation during a period of great disruption. Our focus on improving gender equality outcomes is reflected by the significant contribution that women are making to IMB’s success in all levels of our organisation; four of our seven Board members are women and 84% of all management promotions were awarded to women last financial year.

“Women in our senior management ranks are leading large departments and overseeing the major digital initiatives of lending transformation and open banking within IMB. And, of course, our significant proportion of female branch managers and lenders are essential to delivering superior service on a daily basis to our members.”

“Our work doesn’t stop here. We will continue to refine our workplace so that our team are able to access and enjoy the same rewards, resources, development and opportunities, regardless of gender.”