Gender gap closing slowly: report
The latest official report into gender equality in the workplace has shown corporate Australia has made inroads but the chasm between the earnings of men and women is still huge.
The new study by the Workplace Gender Equality Agency, an Australian Government statutory agency charged with improving equality in the workplace, found women account for half of the workforce but only 16.3 per cent of chief executive roles and 37.4 per cent of all management roles.
Women earned 77 per cent of the male average full-time income.
The average full-time female employee made $26,853 less than her male counterpart last financial year. Senior managers who were women received $93,884 less.
The scorecard, the third compiled, reflected improved equality indicators, specifically narrowing pay gaps and more women in management roles.
Key figures last financial year compared with 2015-16 include:
The gender pay gap was 23.1 per cent (down 1.6 percentage points).
The largest industry gender pay gap was in finance and insurance at 33.5 per cent (down 2.6 percentage points).
The proportion of female managers was 28.5 per cent (up 2.4 percentage points).
The proportion of employers with policies to support gender equality was 70.7 per cent (up 4.5 percentage points).
“The data confirms gender pay gaps in favour of men in every industry and under-representation of women in management and leadership roles,” WGEA director Libby Lyons said.
“At the same time, it also shows employers are stepping up to the challenge in greater numbers.
“For the first time, more than 70 per cent of employers reported they have policies in place to support gender equality.
“There’s no question we are seeing movement in the right direction, but it’s still too slow.
“The agency will continue to work with employers to help them drive better workplace gender equality across their organisations.”
Ms Lyons said the fact 42.6 per cent of people appointed to managerial roles last year were women suggested improved figures were on the horizon.
“So, even though only 37.4 per cent of managers are currently women, we can expect that figure to trend up as more women rise through the ranks,” she said.