Gender pay gap
At WAX, we believe in creating an inclusive and equitable workplace where all employees are valued and rewarded fairly. Closing the gender pay gap is a fundamental part of our commitment to equality and diversity. This statement outlines our approach to addressing the gender pay gap and our ongoing efforts to promote gender equality within our organization.
Understanding the Gender Pay Gap
The gender pay gap represents the difference in average earnings between men and women across an organization. It is distinct from equal pay, which refers to men and women being paid the same for performing the same work or work of equal value. Addressing the gender pay gap requires a comprehensive approach, focusing on eliminating barriers to equality, promoting diversity, and fostering an inclusive culture.
Our Commitment
We are committed to:
Transparency: Regularly publishing our gender pay gap data to promote transparency and accountability.
Equal Opportunities: Ensuring equal opportunities for all employees, regardless of gender, in recruitment, promotion, training, and development.
Inclusive Culture: Fostering a culture that values diversity and inclusivity, where all employees can thrive and reach their full potential.
Our Actions
To address the gender pay gap, we have implemented the following initiatives:
Pay Equity Reviews: Conducting regular pay equity reviews to identify and address any disparities in pay between men and women performing similar roles.
Diverse Recruitment Practices: Implementing recruitment practices that aim to attract a diverse pool of candidates and reduce unconscious bias in hiring decisions.
Flexible Working Policies: Promoting flexible working arrangements to support work-life balance and accommodate the diverse needs of our employees.
Leadership Development: Providing leadership development programs and mentoring opportunities to support the career progression of women within the organization.
Employee Resource Groups: Supporting employee resource groups focused on gender equality and diversity, providing a platform for advocacy, networking, and professional development.
Monitoring and Reporting
We are committed to regularly monitoring and reporting our progress in addressing the gender pay gap. This includes:
Annual Reporting: Publishing our gender pay gap data annually to track our progress and identify areas for improvement.
Action Plans: Developing and implementing action plans based on our gender pay gap data to address any identified issues and promote gender equality.
Stakeholder Engagement: Engaging with employees, stakeholders, and industry partners to share best practices and collaborate on initiatives to close the gender pay gap.
Continuous Improvement
We recognize that addressing the gender pay gap is an ongoing process that requires continuous effort and improvement. We are dedicated to:
Ongoing Education: Providing ongoing education and training for employees on diversity, inclusion, and unconscious bias.
Regular Reviews: Conducting regular reviews of our policies, practices, and initiatives to ensure they are effective in promoting gender equality.
Feedback Mechanisms: Encouraging feedback from employees on our efforts to address the gender pay gap and using this feedback to inform our actions and strategies.
Conclusion
WAX is committed to closing the gender pay gap and promoting a culture of equality and inclusion. By taking proactive steps to address the root causes of the gender pay gap, we aim to create a workplace where all employees are valued, supported, and rewarded fairly.
