2023 AUS Gender Pay Gap Report

australia Gender Pay Gap Report 2023

Mimecast Australia Gender Pay Gap Report 2023 Introduction We lead by example - and by learning all the time. Mimecast believes that to ensure equity and fairness Mimecast is committed to ensure diversity, we must strive to actively advocate for women in our transparency and equity across our organization, workforce. We work tirelessly to ensure that we hire with inclusion as part of our core values. We want our for diversity, that we actively seek to promote women employees to feel respected, valued, represented and and that we put programs in place which support successful. women and all under-represented groups to further their careers within our company. As part of us wanting to improve our e昀昀orts across inclusion, Mimecast reports on the Gender Pay We believe that for us to continuously evolve and Gap to demonstrate transparently where we are innovate as a company, we need to foster a culture as a company and where we would like to be going Janet Prosper, that is re昀氀ective of our society, and to do so we need forward. Chief Human Resources O昀케cer to ensure gender equality. Mimecast We recognize that this is still a work in progress but we are proud of what we have achieved so far and the plans we have for the future. 02

Mimecast Australia Gender Pay Gap Report 2023 Women in Technology The shortage of female talent in the cybersecurity industry is widely publicized. However, as an organization we understand the importance of a diverse workforce. We remain committed to working with the broader technology industry to encourage more women to enter careers in STEM, as well as non-technical roles within the industry. Recruiting, retaining, and engaging women in the workforce remains a priority for Mimecast. We will continue to invest the time and resources to create a more vibrant, diverse global community of Mimecasters. Hire More Promote More Retain More We have doubled down on our We are fully committed to Talent Management Our ability as an organization to e昀昀orts to enhance our Talent processes including performance management and retain top talent is critical to our Acquisition processes to attract promotion that are equitable, clear, and unbiased, with ability to scale with growth. Our and acquire the best talent and transparent guidelines for all Mimecasters in Australia approach to retention is supported increase the diversity of our to access. by investing in strong leadership, workforce. Our focus on hiring a focus on cross collaboration To increase the number of promotions for women as has driven measurable impact. we move forward, we will be focusing on increasing the teamwork, career development, In the reporting year, about 31% number of women on our Management Development and overall employee engagement of our new hires in Australia were Programs, the Leading at Mimecast program, BetterUp programs to build an inclusive and women, contributing to a steady coaching and up-skilling for our individual contributors. engaging work environment for overall representation of women all. We are pleased to have been in Mimecast. recognized by Great Place to Work Certi昀椀cations in Australia for the last three years. 03

Mimecast Australia Gender Pay Gap Report 2023 Methodology What is the Australia Gender What does the Australian What isn’t Pay Gap Report? Gender Pay Gap measure? measured? From 2024, WGEA will publish The gender pay gap is the The pay gap is not a measurement the gender pay gap for employers di昀昀erence in earnings between of equal pay. It is one measure with a workforce of 100 or women and men in the workforce. across all jobs by function, not a more employees. Both the base salary and total measure of the di昀昀erences in pay This change is the result of remuneration gender pay gaps are between men and women within amendments to the Workplace calculated and shared. To ensure the same job type. Gender Equality Act 2012 passed by comparability, part-time and casual It also measures compensation Federal Parliament in March 2023. salaries are converted to full-time earned rather than compensation equivalent earnings. The total remuneration pay gap calculations that has been o昀昀ered – meaning include superannuation, bonuses, that it re昀氀ects actual results earned and other additional payments that under individual bonuses and have been earned. commissions. 04

Mimecast Australia Gender Pay Gap Report 2023 Results Mimecast Australia’s overall Gender Pay Gap is 30.4% - this is above the average for our industry which is sitting at 23.37%. There are a number of things that are driving this result, including: • The fact that we have much higher representation of males in senior leadership roles that attract higher compensation commensurate with senior levels of responsibility • The overall pay gap takes all actual earnings into consideration, so our result is skewed by actual bonus and commission earnings based on individual results instead of on-target potential earnings. When you consider some of the other measures, such as base salary and median compensation – Mimecast Australia is performing well above the industry averages. Average (mean) Median total Average (mean) Median total remuneration remuneration base salary base salary Your Organisation 30.4% 14.1% 5.1% 13.5% Industry Comparison 23.7% 22.6% 18.2% 20.8% 05

Mimecast Australia Gender Pay Gap Report 2023 Understanding the Data Mimecast provides di昀昀erential Compensation Packages for those in Senior Roles by o昀昀ering competitive Bonus and Equity packages that encourage strong performance and employee retention amongst critical leadership positions. Roles that require strong technical expertise also attract higher pay in order to attract the best talent in an ever-growing competitive landscape. With a higher proportion of men than women occupying senior positions and technical roles at Mimecast Australia, our opportunity to reduce our gender pay gap lies heavily in the hiring and retention of Women in these areas across the business. Additionally, the gender balance in the Go-To-Market Function has been predominantly male, further contributing to the di昀昀erence in earning potential by gender. We are working closer with our female employees to support their progress and help them improve their career longevity in sales roles. 06

Mimecast Australia Gender Pay Gap Report 2023 Our Compensation and How do we know we’re Pay Equity philosophy paying equitably? By ensuring that our compensation practices are equitable, we can • Job Architecture: Mimecast has a robust Career Framework in place attract and retain the best talent, increase employee engagement, that provides a well-de昀椀ned approach as to how we de昀椀ne and and foster a more inclusive and diverse workplace culture enabling understand roles at Mimecast. This ensures our compensation Mimecasters to do their best work, best teamwork and greatest learning. decisions are objective, consistent and aligned to pre-established With this in mind, the core pillars of our philosophy are that guidelines and criteria. compensation should be: • Incremental Pay Audits: During each of our major pay processes, we 1. Market competitive - competitive to the markets and geographies leverage demographic data including Gender and conduct an analysis where we compete for business and critical talent using our Compensation Planning reports built into our HRIS to ensure equitable compensation. 2. Internally aligned – across all Mimecasters and based on the design of our compensation programs • Manager Enablement: Our Total Rewards team in partnership with HR provide comprehensive resources and Manager training to ensure 3. Merit based - rewards exceptional performance levels based on an Managers and Leaders are equipped to make fair pay decisions for objective assessment of both what and how work is done their teams. 4. Equitable and Fair – all employees are included, biases are mitigated and compensation practices are consistent 07

Solutions What are we doing to close the Gap? 08

Mimecast Australia Gender Pay Gap Report 2023 Diverse Interviewers, Inclusive Language Inclusion Diverse Workforce to encourage Awareness Training For Director-level and above roles, Mimecast Diverse Applicants Mimecasters have ongoing learning and is proud to have a process in place where development opportunity workshops to deepen members of our Employee Resource Groups We continue to focus on using inclusive their understanding of key DEI concepts and and Global DEI Council participate in the language in our job adverts to help their applicability to our work. Our annual attract candidates from a diverse range of interview process. Aptly called ‘Future Builders’, 昀氀agship event, in recognition of Global Diversity this process means we have a diverse pool of backgrounds. Mimecast continues to use Awareness Month in October, was attended trained Interviewers who actively interview an external technology-based platform by over 350 employees globally, where our candidates, facilitate discussions on our that identi昀椀es words that have been shown headline speaker, Dr. Eddie Moore, delivered a values and assess for Inclusive leadership in research to detract women and other thought-provoking session on the root causes competencies. We are pleased to have received underrepresented candidates from applying. of inequity and systemic biases. overwhelming positive feedback from past The Talent Acquisition team actively replace these words to promote inclusion and attract a Regional events were also hosted in Australia Candidates on the process. diverse applicant pool. for employees to experience additional in-person discussions on inclusion and belonging. Following these events, we are pleased to have seen an increase in employees volunteering to become members of our Employee Resource Groups to help advance Mimecast’s commitment to inclusion and belonging across the business. 09

Mimecast Australia Gender Pay Gap Report 2023 Developing Women Women and Allies Leadership Education– Here, we will focus on rolling out a targeted DEI education and through Career Employee Resource awareness series to help our leaders increase their understanding of our Global DEI strategy, Coaching Group the importance of DEI in the workplace and how true diversity can result Our Mimecast Coaching Program, delivered Our Women and Allies ERG, sponsored at in greater business success by industry-leading coaching organization Executive Level, continues to promote gender Inclusive Talent Management - To drive equality in and out of Mimecast. Two of BetterUp, was o昀昀ered to members of our systemic change, we will integrate inclusive Employee Resource Group (ERG) including Mimecast’s Female Senior Leaders, Amber Johanson, SVP, Global Sales Engineering; design principles into our annual Talent our Women at Mimecast ERG. This program’s Management processes to help us better goal is to facilitate personal and professional and Mingyan Qu, SVP, QE and Engineering identify under-represented, diverse talent and Services, act as Executive Sponsors to the ERG, e昀昀ectiveness and leadership capability growth. invest in their career opportunities. We are Participants were matched with a virtual career providing advocacy for their members and hopeful this will lead to an increase in diversity coach and had the opportunity to access shining a light on the importance of gender talent in our leadership pipeline. on-demand coaching support ranging from equity at work. career development, communication skills, and In addition to Mimecast’s global DEI initiatives, Local activities to support the Global Women wellness coaching. a local Australian Action Plan, sponsored by and Allies ERG, including launching a regional chapter with dedicated gender diversity learning the Regional Leadership Team in collaboration experiences designed to increase local networking with HR has been de昀椀ned to ensure we are and foster a sense of belonging for all. driving inclusion deeper into the Region. Strategic initiatives on the Action Plan include: 10

Mimecast Australia Gender Pay Gap Report 2023 Accelerating Women in Leadership In 2023 we launched our 昀氀agship Global Women in Leadership program MimecastHER; a program designed to empower our women to play to their unique strengths, lead authentically and thrive in their careers at Mimecast and beyond. The program aims to: • Drive our Talent Development and Diversity, Equity and Inclusion strategy by di昀昀erentially investing in our female leaders to build a future-ready organization • Facilitate the advancement, engagement and retention of our female talent • Establish an active community for female leaders • Build managers understanding about gender bias and their role in creating greater equity for women at Mimecast We are excited to see how our talented women experience this immersive leadership program as we continue our goal of o昀昀ering rewarding development opportunities to women at Mimecast. 11

Mimecast Australia Gender Pay Gap Report 2023 Looking Ahead “At Mimecast, we are proud to have a strong focus on Diversity, Equity and Inclusion and our global philosophy permeates through all elements of our business. Whilst we are pleased with the progress to date, we know there is more to be done in this incredibly important space. We will continue to drive education around this topic throughout the Carly Stoneman organisation, with our Senior Leadership Team HR Director APAC, Mimecast being charged with the responsibility to challenge the status quo and drive change. Our local Diversity Action Plan includes a range of deliverables to help us promote change in terms of closing the gap – including increasing our female representation across the organisation, increasing awareness of issues that are unique to under-represented groups through our ERG’s and fostering a culture of true inclusion through ongoing education. I look forward to our journey of continuous improvement and I am excited to see what we can achieve together over the coming twelve months. “ To align with Australian government reporting requirements, data in this report refers to the traditional sex categories of male and female. Mimecast respects that gender is on a non-binary spectrum and reporting in this manner should not be interpreted as our position on this. 12

ALIVE WITH PURPOSE. www.mimecast.com I ©2024 mimecast I All Rights Reserved I AU-06095 Mimecast is a cybersecurity provider that helps thousands of organizations worldwide make email safer, restore trust and bolster cyber resilience. Mimecast’s expanded cloud suite enables organizations to implement a comprehensive cyber resilience strategy. From email and web security, archive and data protection, to awareness training, uptime assurance and more, Mimecast helps organizations stand strong in the face of cyberattacks, human error and technical failure.