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Companies with best and worst gender equality to be ranked in list published by NSW treasurer

Best and worst companies are named and shamed in annual gender equality list as radio host Ben Fordham accuses NSW treasurer of not following his own advice

  • A list of NSW corporate gender equality rankings is released every year
  • State treasurer Matt Kean said the government will also favor top achievers
  • While job boards like Seek can also display the score on their listings
  • Ben Fordham said the boards in Kean’s portfolio are only 37 percent women

The best and worst performing companies in gender equality are named and shamed on a new public list released each year by the NSW government.

NSW Treasurer Matt Kean said on Wednesday that he wanted to create a “race to the top” of business and that business was key to the state’s prosperity.

Currently, organizations with more than 100 employees are already required to inform the government about gender percentages in personnel and management, pay gaps and employee feedback processes.

The data will now be collected and companies ranked on the list – with Mr Kean saying he plans to partner with job boards such as Seek to give the top companies an ’employer of choice’ mark on job openings.

Job boards such as Seek may display badges indicating whether the company is performing well on gender equality (stock image)

Job boards such as Seek may display badges indicating whether the company is performing well on gender equality (stock image)

The government will also change its procurement contract policy to favor the better-performing companies – encouraging government suppliers to take action in this area.

“Companies that eradicate harassment, have women in senior leadership roles and respect women’s contributions will be better able to hire, empower and motivate large segments of their workforce,” said Mr. Kean.

But 2GB radio personality Ben Fordham accused the treasurer of hypocrisy by saying the wards under him were not an example.

“No common sense company actively shuns women, but Mr. Kean is determined to put them to shame if they’re not 50/50,” Fordham said.

He claimed that Kean had failed to meet his own goals, as only 37 percent of government directorships in his portfolio were held by women.

“It’s a matter of doing what I say, not what I do,” said Fordham.

In addition to the gender equality ranking, the NSW government will spend $1.4 billion to reduce the cost of childcare and preschool in an effort to help young parents return to work.

Starting next year, all NSW families will be eligible for up to $4,000 per year in benefits for three-, four- and five-year-olds who attend community or mobile preschool.

For the first time, parents with children who have long private day care will be included in government childcare subsidies, with up to $2,000 a year available for discounted costs for four- and five-year-olds.

The equivalent of five days every two weeks of affordable childcare benefits will be available to all children in Department of Education preschools.

A two-year pilot program will invest $64.1 million to support more three-year-olds entering preschool in daycare.

NSW treasurer Matt Kean (pictured) was accused of hypocrisy by Ben Fordham, who said only 37 percent of board positions in departments in his portfolio were held by women

NSW treasurer Matt Kean (pictured) was accused of hypocrisy by Ben Fordham, who said only 37 percent of board positions in departments in his portfolio were held by women

The announcement, billed in this week’s budget, comes a day after the government pledged $5 billion over the next decade to expand access to affordable childcare.

The fund will be used to entice private childcare providers to create 47,000 places per year in areas where demand is highest and where providers are required to apply for funding.

The Prime Minister also announced a four-year budget commitment of $376.5 million for a better start to ensure, among other initiatives, that children get their free development checks before they start school.

Currently, nearly half of four-year-old NSW children do not receive all of their recommended checks, which are designed to ensure better behavioral and academic results in school.

“The first 2,000 days of a child’s life are critical to their development and success and we want to make sure they get the best possible start,” Perrottet said.

NSW BUDGET MEASURES FOR NEW PARENTS

The ‘Brighter Begin’ package includes:

  • $111.2 million for preschool health and development checks
  • $98.7M to Expand Aboriginal Child and Family Centers
  • $70.9 million for more home visits from prenatal nurses
  • $57.2M to Digitize Baby Book, Documenting Each Child’s Vaccinations and Developmental Checkups
  • $38.6M to Make Family Pregnancy Conferences Available to More Vulnerable Parents

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