Diversity, equity, and inclusivity (DEI) in an organisation help bring unique perspectives and ideas to create more innovative, productive, and resilient enterprises. It also contributes to equality of opportunity and treatment in the workplace at all stages of the employment relationship, including recruitment, retention, promotion, remuneration, and access to training and skills development.
Over the past three decades, the gender gap in organisations has narrowed, attributed to labour mobility worldwide. There has been an increasing global awareness that all workers have a right to a dignified and respectful workplace irrespective of their sexual orientation and ethnicity, which helps to promote an open and inclusive workplace. However, labour market disruption due to the COVID-19 has had devastating consequences globally. According to International Labour Organization (ILO), women’s employment declined by 5% globally in 2020 compared with around 4% for men.
Globally, banks are reporting diversity and inclusivity to ensure that all genders and backgrounds have a more equitable and inclusive workplace. Companies and banks benefit from a diverse workforce by attracting new customers as people want to do business with institutions that share their values.
Commonwealth Bank of Australia (CBA) provides a wide range of retail, commercial, and corporate banking; private banking; funds management; superannuation; broking services; and insurance solutions. In 2021, the company reported 56.1% women participation in its workforce, a decrease of 0.8 percentage points over 2020. Representation of women in the company at the senior management level decreased to 27.3% by 6 percentage points over 2020.
CBA strives to maintain a minimum of 50% female employees in its overall workforce. By 2025, the bank aims to achieve 47% - 50% gender equality in executive management roles.
United States of America
United States of America
United States of America
United States of America
China
United States of America
United States of America
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