Using ABS labour force data, the Workplace Gender Equality Agency has calculated that women must work an additional 59 days a year to earn the same annual salary as men.
Last Friday 28th August was declared Equal Pay Day because it was the 59th day since the end of the 2019/20 financial year.
The national gender pay gap is unchanged from last year and stands at 14%. In some industries, the gender pay gap averages 24.1%.
Using WGEA data, the full-time total remuneration gender pay gap shows that men working full-time earn nearly $26,000 a year more than women working full-time.
$26,000 a year! Who would you rather be?
You can find the WGEA’s insights here: https://www.wgea.gov.au/data/wgea-research/gender-equity-insights-series .
It’s worth noting that gender equality is good for individuals, good for families and good for business. It’s just also the decent thing for workplaces to do.
Women have a role to play too. The WGEA suggests that women should learn to negotiate their salaries and know their value. My Sustainable Negotiation coaching course has been designed specifically for this.
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