The award acknowledges organisations that maintain unbiased pay policies. According to most recent “Figure Baltic Advisory” research, which included 412 organisations, Danske Bank does a remarkable job of minimizing pay differences between employees in the same roles, reducing pay gaps between men and women, as well as fostering gender balance in its management roles.
"Receiving the Fair Pay Award for the fourth consecutive year is not only a moment of pride for us at Danske Bank Lithuania but also a reaffirmation of our commitment to building an inclusive workplace where everyone has equal opportunities to thrive, develop and succeed. This achievement reflects our unwavering dedication to equitable pay practices and our belief in the importance of transparency at all levels of our organisation. This approach enriches our workplace culture and fosters high engagement among our current and future employees,” says Rūta Maleckiene, interim Head of HR at Danske Bank Lithuania.
Danske Bank maintains its dedication to employee development by delivering a range of tools and training courses to assist and educate managers, thereby reducing unconscious biases that may affect compensation decisions based on certain identity traits. Furthermore, the organisation ensures transparent remuneration process, providing accessible information about salary ranges in different roles.
Danske Bank Lithuania has participated in the Fair Pay Awards for five consecutive years. For the fourth year running, the organisation has secured its place among the top five winners in the category of large companies employing more than 500 individuals.
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In the “Figure Baltic Advisory” research, companies are assessed against four main criteria: 1. the homogeneity of remuneration, which measures the range of base remuneration for the same positions, i.e. the difference between the lowest and the highest paid employees, 2. the market standards, i.e. looking at the proportion of employees whose pay is below the lower market standard, 3. the gender pay gap in the same positions, i.e. the difference between the gender weighted remuneration for the same positions, and 4. the gender balance in the company’s management.
