Australia’s gender pay gap narrows but women still paid 18.6% less
Australia's gender pay gap has slightly decreased, but women still earn nearly a fifth less than men. A recent government report by the Workplace Gender Equality Agency revealed that the median pay gap favoring men was 18.6% for the year ending March 2024, a slight improvement from 19% the previous year. While 56% of companies have reduced their pay gaps, a significant 72.2% of employers still exhibit a pay gap favoring men.
The finance, mining, and construction industries continue to display the most significant gender pay disparities. Notably, large listed companies such as Macquarie Group (41.8% gap) and Woodside (25.6% gap) have substantial pay gaps favoring men, despite Woodside showing improvement from the previous year. The agency's Chief Executive, Mary Wooldridge, emphasized that pay gaps exceeding +/-5% indicate an over-representation of one gender in higher-paying roles.
via SCMP Full Text Feed
Australia's gender pay gap has slightly decreased, but women still earn nearly a fifth less than men. A recent government report by the Workplace Gender Equality Agency revealed that the median pay gap favoring men was 18.6% for the year ending March 2024, a slight improvement from 19% the previous year. While 56% of companies have reduced their pay gaps, a significant 72.2% of employers still exhibit a pay gap favoring men.
The finance, mining, and construction industries continue to display the most significant gender pay disparities. Notably, large listed companies such as Macquarie Group (41.8% gap) and Woodside (25.6% gap) have substantial pay gaps favoring men, despite Woodside showing improvement from the previous year. The agency's Chief Executive, Mary Wooldridge, emphasized that pay gaps exceeding +/-5% indicate an over-representation of one gender in higher-paying roles.
via SCMP Full Text Feed
