Flexible work reduces the gender pay gap

Flexible work reduces the gender pay gap and saves money

Flexible work is proven to be: good for budgets, and good for building fair workplaces.

A new report has shown that flexible work arrangements can:

  • help close the gender pay gap
  • help close the unpaid work gap
  • save businesses money

Closing the gender pay gap

Women continue to perform the bulk of unpaid work and care duties. That means they lose out on higher- paying and secure roles that do not offer the flexibility they need to juggle their unpaid work with their paid work. If flexibility is introduced for these roles, more women can take them up.

‘Normalising’ and valuing flexible work also encourages more men to take up the option. If men are supported to work flexibly, it can encourage them to share the burden of unpaid work with women more equally.

Saving businesses money

The report shows that organisations actually save on costs by implementing flexible work practices.

The Victorian State Government commissioned Nous Group to examine the costs of flexible work in the three organisations:

The report found that flexible work delivers savings for all three organisations. While each organisation differs in terms of their size and sector, but they all share a commitment to flexible work. Having flexible workplace policies saved each organisation the following:

  • DELWP - $31 million saved per year annually (2.25% of net income)
  • Mercy Health - $23 million saved per year annually (3.92% of net income)
  • Wannon Water - $150,000 saved per year annually (0.21% of net income)

The final report includes a modelling tool that other organisations can use a modelling tool to calculate the potential return on investment in their own settings.

Flexible work is a key action under Victoria’s gender equality strategy, Safe and Strong.

 

Find out how much your organisation could save using the FlexiWork Calculator

 

Flexible work, good for business?

Read the report:

Flexible Work Report 2018 Flexible Work Report 2018PDF (1.86 MB)

Access the excel version of the savings calculator:

Flexible Work Modelling Tool Flexible work modelling toolEXCEL (109.26 KB)