Salary gap

Australian women work 65 more days to equal men’s pay

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Equal Pay Day 2015 has been announced in Australia and the disparity in incomes of men and women is bad. This year, working women down under will have to toil an extra 65 days to earn the same amount as their male counterparts. The national gender pay gap, currently at 17.9 percent or a difference of AU$284.20 a week, is a symbolic indicator of the overall position of women in the workforce – not a like-for-like comparison of men and women working in the same role. The national Workplace Gender Equality Agency (WGEA) says “bias can creep into hiring, promotion and pay decisions unintentionally, and so analysing pay data and taking corrective action is essential.” A report released in July by finance company ANZ found that women working full-time earn AU$700,000 less than men over their lifetime. Outgoing Sex Discrimination Commissioner Elizabeth Broderick said this week that there are more people named Peter than women running Australian companies.

Read the full story at The Sydney Morning Herald.

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