Aurelius Founder and editor of the Social Memo



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ANZ, Australia’s third largest bank, will be giving its female employees an extra $500 because “women earn less than men.”According to an official release on the bank’s website , female employees at ANZ will get an extra $500 annually simply for being a woman.“On average,” the site explains, “women earn less than men, and because super is a percentage of your salary, that means less super… Doesn’t really seem fair, does it?”For that reason, “ANZ will make an additional $500 super contribution to every fixed-term and permanent female employee each year from 8 January 2016.”Joyce Phillips, ANZ’s “Wealth CEO,” explains, “These initiatives are all about supporting the future financial well-being of our staff.”Women should earn extra money for being female, she continued, because, “for many of our staff, the extra $500 each year is a good start to bridging [the pay] gap.”