It wouldn't matter if it did or it did not.
Of course it matters.
The report is not about ANZ's current or past practices. If people are going to be compensated for underpayment for comparable work, you should demonstrate where that has happened and compensate those people accordingly.
I find it quite odd to think that a bank would compensate a class of employees for past wrongs (which is what the report points out) and to prevent future hardship if it did not engage in practices which harmed that class of employees in the past.
Unless it is misdirecting attention away from worse practices.
W
hat it's doing now, though, if it is meant to address its past discrimination practices, is a woefully cackhanded, hamfisted, discriminatory absurdity.
I agree that it is woefuly cackhanded, hamfisted, and absurd. Probably quite inadequate as well.
I don't think that it is discriminatory to compensate a class of employees for past discrimination against those employees.
And only female employees. Are you suggesting this isn't discrimination based on gender?
We don't actually know that only female employees with low balances will receive the extra payments. The article was obviously for public relations and was written to appease and appeal and to make the bank look good. If the bank realized they had not been fair in their previous contributions, it would be in their best interests to pony up before being forced to do so and to get the maximum good PR out of it by saying that it is trying to address societal wrongs. With that in mind, they would hardly mention if they also found men who had been shortchanged because it wouldn't fit the narrative they are putting out.
Where a gap exists because ANZ unfairly discriminated against people who produced comparable work, then ANZ has the moral obligation to compensate those people. Where a gap exists because people have taken time out of paid work or because they are in more junior roles, why on earth would or should ANZ 'compensate' that?
I am guessing that ANZ is doing this because they have discovered that it is in their best interests to do so--and to make sure the public knows they are doing it.
I doubt they are actually sharing the entire reason for this largesse.
I'm not 'equating' anything. I'm saying volunteer activities are volunteer activities. They are not jobs. Raising children is a volunteer activity, is it not?
No, it is not. If that is beyond your ken, then please consider whether parents pay others to care for their children.
Or do you think people have guns to their head and are forced to raise children?
No more than you or I have guns put to our heads to force us to go to our jobs. For which we are well compensated.
My father had a stroke and was bedbound for three years before he died. He needed high-level institutional care that no family member could hope to provide. This care was provided by government. But if instead he needed full time care that I could manage, I would not expect to be paid my current salary and get my current super for taking time off work to do it.
We cared for our mother for many more than 3 years although at the end, she also required high level institutional care that we could not possibly provide. We were not compensated in any way for the time any of us took to provide her care. One sibling did take a pretty big hit to her career quite explicitly. I did as well as one big reason I delayed returning to work after my children were born is so that I could help provide care for her at home. There is no possible way to 'compensate' me for the loss of income or career progression due to the extra years I remained available for my mother. My sister should have been treated better by her employer, I believe.
Is there any reason why it should? Did you have children because you wanted to have children, or because you imagine you're sacrificing your lifestyle for the greater good and need to be fully reimbursed?
I mentioned it because it was on your list. Unfortunately in the US, we do not have many of the social benefits enjoyed by the UK.
No, my mother still lives independently. You know what a hypothetical is, right? Or must you imagine I've claimed things that I haven't claimed?
I didn't know whether that was a hypothetical. Hence my question.
I'd be suffering financially because I wasn't in paid work, not because I cared for my mother.
Because you were taking care of your mother. Hypothetically.
You are wrong. They are being paid extra money as a sop to 'bridge the super gap'.
Which exists because women were being paid less than men for the same/comparable work and/or because they earned less because they cared for family members.
Whatever part of the gap exists because ANZ unfairly discriminated against employees by paying them less for work of comparable value, ANZ has a moral obligation to compensate.
I agree.
Whatever part of the gap exists because people took time out of paid work to do other things ANZ has no business 'compensating'.
Apparently ANZ disagrees. In the US, banks are notoriously conservative with regards to maintaining their own assets. I stand by my speculation--and it is only speculation--that ANZ has a reason or reasons it is not being explicit about.
ANZ did not investigate which individuals, if any, were underpaid. ANZ did not compensate said individuals in a manner proportionate to their underpayment. ANZ did not sift through its administrative data to see who had taken time out of paid work for caring duties and make up the gap.
You don't actually know that. You are inferring it from the article. You haven't read the study. Neither have I.
It seems like a fairly simple matter to sift through employment data via computer programs. I know my employer can perform such searches. I don't know how many employees ANZ has but mine has well over 40K.
What ANZ did was decide it would give $500 to female employees with super less than $50,000. This means that a male graduate and a female graduate, both with no work history and both with zero super balances would be compensated differently, even though neither graduate has taken time out of the workforce to do anything and neither has been discriminated against by ANZ.
You are assuming that male employees are not also receiving the extra $500 contributions. That may be a valid assumption but we don't actually know for a fact that the men are not also so compensated.
Which is very curious. WHY would ANZ agree to compensate any one class of employees? Voluntarily? I am certain that it is somehow in the bank's best interests to do so. I am just not certain why or in what manner it is in their best interests.
It also means that anyone who was discriminated against by ANZ but has been there for decades (and is therefore almost certain to have a super balance > $50,000) won't get any compensation at all.
Another inequity, I agree.
I
t's an astonishingly stupid, discriminatory policy. But since it discriminates by gender, you must be all for it.
It is an astonishlingy stupid, discriminatory policy.
You are also astonishingly stupidly assuming that you know what I feel about the policy. And the reasons.