Statistics from the latest AICD Gender diversity progress report show a worrying slowdown in progress towards the AICD’s 30% target for women on ASX 200 boards.
The aim of gender equality in the workplace is to achieve broadly equal outcomes for women and men, not necessarily outcomes that are exactly the same for all.
Equal Pay Day falls on Monday 4 September this year, marking the additional days from the end of the previous financial year that women must work to earn the same pay as men.
The gender pay gap is highest in the 45-54 age group at 20.0%. Increasing women’s workforce participation by 6% could add $25 billion a year to Australia’s GDP. (WGEA 2017)
Older women, (women 55+), in Australia have spent a lifetime of accumulating less, a lifetime of inequality of lower pay than men, of fewer higher paid positions than men. The gender pay gap persists today.