Women are thriving in conquering the corporate ladder, however the gender pay gap remains a timely issue with the release of Australia’s latest gender equality scorecard.
The scorecard found women occupying key management personnel rose by 2.4 per cent to per cent. Women in chief executive roles is at 16.3 per cent, up by about 1 per cent.
However the latest findings show that men earned nearly $27 000 a year more than women in 2015-16, with the salary difference rising to $93 884 at the top level of management.
“The data confirms gender pay gaps in favour of men in every industry,” WGEA Director Libby Lyons said.
Overall, women in management positions can expect to earn about $53 081 less than men. For executives and general managers the gap is dramatically larger and jumps to $75 037. Financial services, real estate, construction and technology were the industries with the biggest gender pay gap.
The scorecard also depicted the improvement in key gender equality indicators with greater movement of women into management roles and increased action from employers to address gender equality.
“For the first time, more than 70 per cent of employers reported they have the policies in place to support gender equality,” Lyons said.
The scorecard depicts a reality where progress is multidimensional process.
“We are seeing movement in the right direction, but it’s still too slow.”