WAGES – WOMEN – AUSTRALIA

The rise of the female breadwinner

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Original article by Roy Morgan Research
Market Research Update – Page: Online : 7-Mar-17

A Roy Morgan Single Source Survey has found that 52 per cent of Australian women reported being the main breadwinner in their household in the year to December 2016. This compares to just 39 per cent in 2006. The percentage of men who said they were the main income earner in their household has barely changed in 10 years (74 per cent in 2016 compared to 73 per cent in 2006). The main factor behind the increased percentage of women who are earning their household’s main income is the sharp jump in the average income being earned by females in full-time employment since 2006; up from $A51,000 to $A73,500.

CORPORATES
ROY MORGAN RESEARCH LIMITED

Widening wage gap blamed on bias

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Original article by Ewin Hannan
The Australian – Page: 5 : 28-Oct-16

KPMG Australia has released a report which concludes that gender discrimination accounted for 38 per cent of the gap between the wages of men and women in 2014. This compares with 35 per cent in 2007. The report also notes that 30 per cent of the pay gap is due to the fact that more men tend to work in certain industries, in which the wages are typically higher than those for industries where women are over-represented. Workplace Gender Equality Agency director Libby Lyons stresses the need for action to address the gender pay gap.

CORPORATES
KPMG AUSTRALIA PTY LTD, AUSTRALIA. WORKPLACE GENDER EQUALITY AGENCY

Gender parity still lacking in Australia’s workforce

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Original article by Roy Morgan Research
Market Research Update – Page: Online : 8-Mar-16

A Roy Morgan Single Source survey has found that 54.5 per cent of Australian women were employed in the year to January 2016, compared with 52.5 per cent in the year to January 2006. The proportion of women employed part-time has risen from 25.7 per cent to 26.2 per cent over this period, and the proportion of women employed full-time has increased from 26.8 per cent to 28.3 per cent. In contrast, the proportion of employed men has fallen from 66.8 per cent to 65.6 per cent, driven by a decrease (from 54.6 per cent to 51.0 per cent) in those working full-time. Meanwhile, 6.5 per cent of Australian men and 3.1 per cent of women work full-time in jobs that fall under the "Professionals" category, while 12.2 per cent of men and 6.5 per cent of women hold managerial roles. The survey also shows that women tend to earn less than their male colleagues, except in lower salary echelons.

CORPORATES
ROY MORGAN RESEARCH LIMITED

Tweaking super won’t help women

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Original article by Sally Rose
The Australian Financial Review – Page: 17 : 20-Nov-15

The Australian Institute of Superannuation Trustees (AIST) says the gap in the superannuation savings of men and women can only be eliminated by paying women higher salaries and raising their workforce participation rates. The AIST believes that super policy reforms will have a limited effect on the savings gap, which is now 17 per cent.

CORPORATES
AUSTRALIAN INSTITUTE OF SUPERANNUATION TRUSTEES, DELOITTE TOUCHE TOHMATSU LIMITED

Gender pay gap only 5pc for comparable work roles

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Original article by Misa Han
The Australian Financial Review – Page: 12 : 14-Oct-15

Hay Group’s analysis of salary data suggests that female workers are generally paid just paid five per cent less than male colleagues in similar roles. This compares with the Workplace Gender Equality Agency’s estimate that the gender pay gap is around 25 per cent on average, although its data is based on the salaries of people in executive roles rather than those in comparable roles. Trevor Warden of Hay Group says having more women in senior positions will help address the pay gap.

CORPORATES
HAY GROUP, AUSTRALIA. WORKPLACE GENDER EQUALITY AGENCY

ANZ offers women free super advice

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Original article by Ruth Liew
The Australian Financial Review – Page: 3 : 29-Jul-15

It is estimated that Australian women who work full-time are paid about $A15,000 less each year than their male peers. Women also tend to have about 50 per cent less in superannuation upon retirement. The ANZ Bank has launched initiatives aimed at addressing this imbalance. Female customers whose super balance is less than $A50,000 will be offered free financial advice. ANZ’s female employees will also be paid an additional $A500 in super each year.

CORPORATES
AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, QUEENSLAND. DEPT OF THE PREMIER AND CABINET

No maths widens the gender pay gap

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Original article by Nassim Khadem, Tim Dodd
The Australian Financial Review – Page: 1 and 6 : 18-Jun-14

Advanced mathematics and science courses are only studied by about 13% of boys in Year 12 at Australian high schools. However, for female pupils the rate is even lower at just 6.6%. The Graduate Careers Australia warns that this accounts for the lack of women in professions commanding high remuneration, for example engineering. Of the 9.4% discrepancy between average male and female wages, about half can be explained by the under-representation of women in such fields. It will also make it harder to reach the Business Council of Australia’s target of half of all executive positions being held by women in 2024

CORPORATES
GRADUATE CAREERS COUNCIL OF AUSTRALIA, BUSINESS COUNCIL OF AUSTRALIA, CALTEX AUSTRALIA LIMITED – ASX CTX, AUSTRALIA. WORKPLACE GENDER EQUALITY AGENCY