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Our approach

Women in management

A key component of our diversity strategy is to enable our female employees to fully contribute, to achieve outstanding business results, and to build successful careers at ANZ.

Organisations that are employers of choice for women have access to a larger talent pool, are well positioned to represent the needs of customers and communities, and understand the direct link between a higher proportion of women in top management and increased profitability.

Currently, ANZ's managers and executives do not reflect the diversity of our internal population and customer base - particularly in terms of gender and cultural diversity. This limits our opportunities to break into new markets and maximise new business opportunities.

ANZ has a business imperative to attract, develop, promote and retain senior women. This will allow us to capitalise on the increasing importance of women in today's business environment, build business, and outperform.

Building a diverse and inclusive workforce

Some of ANZ's key programs include:

• ANZ Women's Network: a global network to help ANZ women achieve greater performance, greater business success and greater recognition for their achievements. Ten regional networks or ‘panchayats'* provide a source of professional development information and peer support to help women build long-term careers at ANZ.
• Mentoring and career development: coaching, mentoring and networking are offered through various ANZ programs to help women succeed.
• Family friendly policies and flexible work arrangements designed to help women succeed in business. Find out more about our flexible working arrangements.

Read about ANZ's approach to advancing women in the workplace (PDF 2.8MB)

* The Panchayat is a South Asian political system. The term 'Panchayat' literally means assembly (yat) of five (panch) wise and respected elders chosen and accepted by the village community. ANZ has adopted this term in relation to the ANZ Women's Network because it acknowledges other cultures and empowers women to take action to more successfully advance.

2009 results

The overall percentage of women in management positions has improved slightly to 36.8%, however we did not meet our target. The result reflects the fact that attracting and promoting more women into management roles has been challenging in a year when we restructured our business and where voluntary turnover decreased. We have made good progress at some levels such as in our executive and senior management grades. This is particularly pleasing as these are the 'feeder' grades for our Senior Executive group. In addition, at the time of this report being published ANZ now has four women on its management board, the most of any major bank in Australia. ‬

Women in management performance 2008-2009

Significant developments included:

• an increase in the number of women on ANZ's Management Board from two to three, with a fourth joining in January 2010 – the highest proportion of any bank in Australia
• four out of 12 ANZ country CEOs are women in our fast growing Asia business
• for the first time detailed gender pay information has been formally factored into our review of remuneration across the group, resulting in the pay gap between men and women decreasing in favour of women at senior executive, senior manager and manager levels.

Employee head count by country and gender

Women in management

Australia

The future

We have committed to increasing the percentage of women in management positions across all levels of our business in 2010 as part of our Corporate Responsibility goals.

A particular focus in 2010 and beyond will be identifying opportunities to create a more diverse Institutional division - the first priority being more women in management.

This will involve the development of a long-term strategy to increase representation of women in senior roles by identifying the criteria for these roles and the barriers that contribute to under-representation.

Based on these findings, women in middle management positions will be assisted in their career planning and professional development to develop a pipeline of future leaders with the competencies required to attain these roles.

2008 results

Overall the percentage of women in management positions at ANZ remains the same as last year at 37%. We exceeded our three year targets for women at Executive and Senior Manager levels in New Zealand and while we have achieved year-on-year increased in Australia, we fell short of our targets.

Women in management performance 2007-2008

Significant developments included:

• the appointment of three women as direct reports to our CEO:
  • Susie Babani, Group General Manager, Human Resources
  • Margaret Payn, Group General Manager Strategy and Marketing
  • Tania Motton, Head of the Office of the CEO.
• our inaugural Women's conference was attended by nearly 200 ANZ leaders, where ANZ's global priorities to advance women in leadership positions were agreed.
• the ANZ Global Women's Network was established to help ANZ women achieve greater performance, business success and recognition for their achievements.

Employee head count by country and gender

Women in management

Australia

New Zealand

Asia Pacific

India

Europe, Middle East and America

The future

Our focus is on accelerating female career progression, removing bias and ensuring there is a broad range of support tools and networks for women to help them build their careers at ANZ. This includes:

• an internal 'SharePoint site' offering women information about services that may help them progress their careers such as career coaching, tips from successful ANZ women, relevant global research and discussion forums
• new self-paced career development program specifically for females and career resilience training for female managers
• internal and external women's networking initiatives.

We have committed to achieving a minimum 2-3% increase in women in management positions in all major geographies in 2009 as part of our Corporate Responsibility goals.