Figures published earlier this year, in an annual report by the U.K. Department for International Development, highlighted that many global development organizations are still struggling to close the gender pay gap.
In a summary of DFID's gold supply partners, only three of the 13 organizations that provided this information had a gender pay gap of less than 10%. Palladium ranked top of the list with a gender pay gap of just 2%.
"This isn’t something that has been achieved overnight," said Rosanna Duncan, Palladium's chief diversity officer. The company has been measuring what it calls its “equal pay” gap on an ongoing basis. In 2017, its global equal pay gap was 6% but as high as 21% in some parts of the business.
Equal pay is part of a much wider “inclusion jigsaw” at Palladium so there were a number of activities related to diversity that needed to be addressed, she explained. This included looking at the diversity of the strategic leadership team, board membership, and senior-level employees above certain pay grades.
Duncan explained how the organization took a “holistic approach” approach to tackle the gender pay gap, and shared tips for prioritizing diversity and inclusion...