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.
Using Average Weekly Earnings data from the Australian Bureau of Statistics, the Workplace Gender Equality Agency (WGEA) calculates the national gender pay gap to be 15.3% for full-time employees, a difference of $251.20 per week. Follow the conversation at #EPD2017. WGEA Director Libby Lyons said Equal Pay Day was an important reminder of the continuing […]
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)
Most women don’t work full-time. Women work part-time at three times the rate of men, which reduces their income and savings capacity.
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.