Embracing equity

Each year, International Women’s Day provides a timely reminder of the importance of equity in the workplace, and the crucial role we play as leaders in building diverse workplaces, creating equal opportunities, and fostering inclusive work cultures.???

Despite abundant evidence that gender equality in leadership is good for business, in almost all industries in the Australian workforce, women are underrepresented in key decision-making roles. According to research conducted in 2022 by the Workplace Gender Equality Agency (WGEA), only 25% of leadership teams and 20% of boards have gender balance. This means many organisations are missing a valuable opportunity, with research showing that gender diversity in key decision-making positions contributes to improved company performance.??

I’m proud to lead an organisation that is bucking this trend, with 50% female representation on both the AEMO Services Executive Team and our Board. Of course, gender equality is only one facet of building a diverse, equitable and inclusive workforce. ??

As a relatively new organisation, we considered what we wanted our culture and values to look like and embedded these principles right from the start. We have made a conscious effort to build our organisation’s capacity and capability with diversity, equity, and inclusion at the centre of our organisational planning and design. For us, our focus is about having the right people in the right roles and setting them up for success. We recognise that workplace equality is achieved when all people have access to and enjoy the same rewards, resources, and opportunities regardless of gender, age, culture, or background.???

AEMO and AEMO Services support equity in our organisation by providing: ?

• recruitment programs and standards to attract diverse applicants?
• equal pay for work of equal or comparable value and skill level?
• annual salary benchmarking to ensure parity??
• flexible, hybrid work arrangements to support work-life balance, and family and caring responsibilities?
• paid parental leave for both women and men?
• career development, internal secondment, and leadership rotation opportunities??
• opportunities for employees to drive company initiatives through voluntary participation in Diversity, Equity and Inclusion committees, and??
• access to employee-driven diversity, equity and inclusion communities that provide learning, event panels and networking opportunities.??

I am proud of how our organisation embraces and celebrates our differences. It is only through cultivating diversity, equity and inclusion that we can deliver upon the challenging and complex objectives we have as an organisation and deliver value to our people and our stakeholders.?

About the author??

Paul Verschuer, Executive General Manager?

Paul leads AEMO Services, a subsidiary of the Australian Energy Market Operator?

Prior to joining AEMO Services in June 2021, Paul spent more than 35 years in senior governance and management roles across the financial, government and energy sectors. This includes working with the NSW Department of Planning, Industry and Environment, Westpac, the Commonwealth Treasury and NSW Treasury.?

About AEMO Services

AEMO Services has been appointed as the NSW Consumer Trustee, giving us a central role in coordinating long-term planning and investment in energy generation, storage and transmission in New South Wales. In our foundational role as the NSW Consumer Trustee, we are helping bring to life the NSW Electricity Infrastructure Roadmap by planning and facilitating long-term investment in the network through an ongoing competitive tender process, while monitoring and mitigating financial risks to consumers.

For more information on AEMO Services, visit https://aemoservices.com.au/ or?subscribe here to join our mailing list for updates.

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Important notice: The opinions expressed in this publication are those of the author and may not reflect the opinions or views of the Consumer Trustee and will not constrain any discretion the Consumer Trustee may have. This publication is for information purposes only. This publication is not intended to provide any advice or imply any recommendation or opinion constituting advice. This publication may include assumptions about future policy outcomes and generalisations. It may not include important qualifications, details or legal requirements. AEMO Services does not guarantee the accuracy, currency or completeness of any information contained in this document and (to the maximum extent permitted by law) will not accept responsibility for any loss caused by reliance on it. This document is not a substitute for obtaining professional advice. ?