Teachers Mutual Bank: The bank that women built
Teachers Mutual Bank is celebrating 50 years of advocating for women in the workplace this International Women’s Day.
8 March 2017
Teachers Mutual Bank is celebrating 50 years of advocating for women in the workplace this International Women’s Day. Women were a key demographic who supported Teachers Mutual Bank Limited when it was first founded in 1966. Teachers Mutual Bank’s first employee hire was a woman, and the organisation has assisted many female teachers who could not get loans at bigger financial institutions.
Today, Teachers Mutual Bank Limited is an Employer of Choice for Gender Equality, as cited by the Workplace Gender Equality Agency in both 2015 and 2016.
‘We believe that gender equality in the workplace ensures that our organisation represents our community, and can bring the best talent into our industry’, said Teachers Mutual Bank Limited’s Chief Human Resources Officer, Helen O’Reilly.
‘Our organisational policies and history reflect this. We are proud to have some of the most progressive, industry policies to attract women’, said Helen O’Reilly.
By many key measures, Teachers Mutual Bank Limited is well above industry measures for female representation in the workplace. Including:
- Female board members: 44% (TMB) well above average 23.6% (ASX Top 200)*
- Female Executive team (excluding CEO): 28.6% (TMB) well above average 9.7% (ASX Top 200)
- Female Managerial team: 40% (TMB) above average 37.3% (ASX Top 200)
- Has an established paid paternity leave policy.
- Has an established domestic violence leave policy.
‘We are embracing gender equality throughout Teachers Mutual Bank Limited. International Women’s Day provides an opportunity to look back on our record in supporting women, and look to how we can continue to build our business on the valued contribution of our female staff, now and into the future’, said Helen O’Reilly.
*Comparative data figures published by the Australian Institute of Company Directors, May 31, 2016, and relates to the ASX 200.
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