The Commonwealth Bank has followed Westpac and removed the requirement for pay secrecy, with the union calling on the entire finance sector to follow suit.
The Commonwealth Bank has removed pay secrecy clauses in its contracts following union concerns that managers were disciplining workers for talking about their pay.
“We have been publicly disclosing our gender pay equity outcomes for the past five years with the most latest figures in our 2021 Annual Report,” it said. “On an aggregate level, CBA already had gender pay equity on a like-for-like basis.”Advertisement “The FSU recognises that the big four banks have now set the industry standard,” she said. “We call on the rest of the industry to follow suit and take this opportunity to remove pay secrecy across the entire finance industry.”