promote diversity nab

8/7/2019 PROMOTE DIVERSITY NAB

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PROMOTE DIVERSITY

National Australia Bank

An Organization with Workplace Policies that Supports Diversity

7th March, 2011Authored by: Judy Beddoni



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PROMOTE DIVERSITY| 3/7/2011

Table of Content

NATIONAL AUSTRALIAN BANK................................ ................................ ................................ .... 2 NAB¶S DIVERSITY P OLICY ................................ ................................ ................................ ......... 2 G ENDER DIVERSITY ................................ ................................ ................................ ................... 2 C ULTURAL DIVERSITY ................................ ................................ ................................ ................ 3 INDIG ENOUS E MPLOYEES ................................ ................................ ................................ .......... 3 NAB, S INDIG ENOUS R ECONCILIATION ACTION P LAN ................................ ................................ 4 NAB DIVERSITY IN THE WORKPLACE ................................ ................................ ........................ 5 C ONCLUSION ................................ ................................ ................................ ............................. 6 R EFERENCES ................................ ................................ ................................ ............................. 7 APPENDICES ................................ ................................ ................................ .............................. 8



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NATIONAL AUSTRALIA BANKAn Organization with Workplace Policies that Supports Diversity

National Australian Bank

The National Australia Bank (NAB)does have Workplace Policies that Supports

Diversity NAB is anorganisationthat deals with financial services.As can be seen

in(1.Nab, 2009) ³they have more than1,800 branches and service centerswith over

40,000 employees.´

Aligned with NAB¶s Regional Diversity Action Planis the Reconciliation Action Plan.

TheReconciliation Action plan looks at programs to address the employment andeducational opportunities for Indigenous Australians.

In 1997, NAB stated (2. Nab, 1997) that they lodge a Disability Action Plan with the

Human Rights & Equal Opportunity Commissionunder the Disability Discrimination

Act (1992) they were the first publicly listed company to so.NAB is also committed to

ensuring that all NAB staff understands the Disability Discrimination Act and i ssues

associated with disabilities.

NAB¶s Diversity Policy

NAB¶sG roup Diversity Policy (Appendix 1) , clearlyoutlines NAB¶s diversity and inclusion

agenda with regards to (3.Nab 2010) :providing employees with flexible work

practices, gender, disability, cultural diversity and their community principles.

G ender Diversity

At NAB they state that women account for around 57% of total employees that

leaves 43% males.



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NAB aim to assists women to reach the top. They encourage women and as of

2011 (4.Nab 2011) ³NAB were the Employer of Choice for Women by The Equal

Opportunity for Women in the Workplace Agency (EOWA) for the fifth year in a row.´

NAB continues to strengthen their commitment to women with great initiatives as

shown at (5.Nab 2011) some of these include networking and support groups, career

development programs and mentoring. They provide support and tools to help

women balance career and family responsibilities, such as parental leave, flexible

working practices and childcare. NAB also has a new superannuation entitlement of

up to 40 weeks of superannuation contributions during unpaid parental leave thus

helping address the financial disadvantage from parental career breaks which

disproportionately impact women.

Cultural Diversity

A diverse workforce is better able to understand the demographics of the community

in which they operate. NAB seems to be committed to providing a culturally diverse

and aware workforce. There are no numbers available for employeesfrom diverse

backgrounds (CALD).

.

Indigenous Employees

As part of their commitment in their Reconciliation Action PlanNAB assistIndigenous

people in reaching their potential . NAB provides sustainable employment and

training (6.Nab 2009) such as school based traineeships, business banking

apprenticeships,Cadetships and G eneral and G raduate recruitment. TheirIndigenous

Employment Program has recruited more than 72 Indigenous employees across

Australia since its beginning in 2008.



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NAB,sIndigenousReconciliation Action Plan

National Australia Bank is one of Australia¶s largest businesses and as such they

recognise that they have an important role to play in addressing the continued

disadvantage experienced by Indigenous Australians.

NAB believes in helping build strong, susta inable and more inclusive communities.

The aim of this action plan is to lift their focus on and involvement with Indigenous

Australians.

NAB¶s first Reconciliation Action Plan (RAP) (Appendix 2) was launched on 1 December

2008. This plan aims to build on what a financial services organisation can bring to

address areas of Indigenous disadvantage.

Their Reconciliation Action Plan is helping NAB¶s people develop a greater understanding of and respect f or Indigenous Australians, their culture and

aspirations by provide access to employment opportunities and training.

After consultation with Indigenous people, organisations and communities, NAB

have reviewed and updated their RAP. Their second RAP (Appendix 3) summarises their

efforts to date and details there more ambitious goals in 2010.

Their strategy continues to focus on three areas that play to their strengths as an

organisation and aligns with their goal to build strong, sustainable and more in clusivecommunities.

These are (7.Nab 2009) :

y Provide greater access to financial products and services to

promote financial inclusion.

y Build access to real long-term jobs in a sustainable way.

y Support greater organisational understanding of and respect for

Indigenous Australians, their culture and aspirations.



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Conclusion

³DIVERSITY IS A COMPETITIVE ADVANTA G E, BRIN G ING REAL VALUE TO

COMPANIES BY ADDIN G TO THE COLLECTIVE SKILLS AND EXPERIENCE OF

THE OR G ANISATION.´

NAB seems to be committed to developing their diversity policies and strategies and

setting measureable objectives for achieving greater diversity in the workplace.

With the µEnterpriseBehaviors¶ agreement in place all employees areempowered and

encouraged to take responsibility for making diversity part of how NAB doesbusiness.Employee performance is evaluated on these behaviors¶ so of course all

employees will follow it.

NAB¶s current stand on diversity in the workplace, is more focus on gender and age,

as well as greater work and career flexibility , that to me seems to imply less time and

effort on disabilities and cultural diversity.

This probably accounts for the low figures for Indigenous employees and no figures

available for employees from diverse backgrounds or employees with disabilities.

Diversity is important not only for NAB but also for their employees; I believe Nab

should not be selective in focusing its diversity in the workplace on specific aspects

of their Diversity policy but all that it entails.



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References

1. The National Australia Bank (NAB). (2011) [Internet]. Available at<http://www.nabgroup.com/0,,32714,00.html > accessed 5 th March 2011.

2. Disability Action Plan (NAB). (2006) [Internet]. Available at<http://www.nab.com.au/wps/wcm/connect/nab/nab/home/about_us/7/4/1/1/9/225 >accessed 5 th March 2011.

3. G roup Diversity Policies (NAB). (2011) [Internet]. Available at<http://www.nab.com.au/wps/wcm/connect/8fe4e4004b9d48aca328e3f1eeeae8e9/The_Final_online_version_diversity_at_NAB.pdf?MOD=AJPERES&CACHEID=8fe4e4004b9d48aca328e3f1eeeae8e9 accessed 5 th March 2011.

4. G ender Diversity- Employer of Choice for Women. (2011) [Internet]. Available at<http://www.nab.com.au/wps/wcm/connect/nab/nab/home/about_us/8/5/11/13/1 >accessed 10 th March 2011.

5. Diversity Initiatives.(2011) [Interne t]. Available at<http://www.nabgroup.com/0,,102521,00.html > accessed 5 th March 2011.

6. Indigenous Employment Factsheet. (20 09) [Internet]. Available at<http://www.nab.com.au/wps/wcm/connect/58cde3804e18955ba5aeb7370ecc2c55/Fact_Sheet_Indigenous_Employment_2009.pdf?MOD=AJPERES&CACHEID=58cde3804e18955ba5aeb7370ecc2c55 > accessed 10 th March 2011.

7. NAB¶s2008 1st Reconciliation Plan.(2008) [Internet]. Available at<http://www.nab.com.au/wps/wcm/connect/97763a804c20b9ac8893ed5e7826be79/Reconciliation_Action_Plan.pdf?MOD=AJPERES&CACHEID=97763a804c20b9ac8893ed5e7826be79 > accessed 10 th March 2011.

8. NAB Diversity in the Workplace 2010) [Internet]. Available at<http://www.nabgroup.com.au/0,,102521,00.html > accessed 10 th March 2011.



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Appendices

Appendix 1: G roupDiversity and Inclusion Policy

http://www.nabgroup.com/vgnmedia/downld/ G roup_Diversity_Policy.pdf

Appendix 2: 2008 1st Reconciliation Plan

http://www.nab.com.au/wps/wcm/connect/97763a804c20b9ac8893ed5e7826be79/Reconciliation_Action_Plan.pdf?MOD=AJPERES&CACHEID=97763a804c20b9ac8893ed5e7826be79

Appendix 3: 2010 Reconciliation Plan

http://www.nab.com.au/wps/wcm/connect/5b045f004084e2209ccffd51bfcae2e8/NAB+Recon

ciliation+Action+Plan.pdf?MOD=AJPERES&CACHEID=5b045f004084e2209ccffd51bfcae2e8

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