There are more women in leadership – but here’s the breakdown of how men are earning up to $100,000 more
Thursday, November 17, 2016/
A rise in the number of women in senior management positions is the good news in WGEA’s latest survey of Australian workplaces, but blink and you might still miss seeing such women in your office.
Women account for 16.3% of chief executives and heads of businesses in the 12,000 employers providing data to the Workplace Gender Equality Agency (WGEA), and 28.5% of key management personnel. That’s up from 15.4% for chief executives in 2014/15 and 27.4% for KMPs.
While seeing an increase is a plus, they’re relatively minor jumps given the amount of rhetoric from our largest employers on the need to support and nurture female talent.
Sadly, women are still not being rewarding accordingly, with the data showing a 23.1% gender pay gap in full-time total remuneration between men and women working full-time, with men earning an average $26,853 a year more.
At the ‘key management personnel’ level, that gender pay gap (which includes bonuses) is a massive $93,884, dropping to just over $75,000 for ‘other executives/general managers’ and almost $47,000 for senior managers. The total pay gap for all managers (excluding chief executives ) is $53,081.
The financial and insurance services sector continues to have the highest gender pay gap, at 33.5%, but gaps still exist across every industry. The trend of undertaking a remuneration gap analysis appears to have slowed, with just 27% reporting to have done such a task, a small increase from 26.3% in 2014/15.
Meanwhile, the data shows there are plenty of ‘double-dipping’ mothers across the country, with 48% of organisations currently offering paid primary carers’ leave to staff – although the average on offer is down from 11 weeks to 9.7. It will be interesting to see how this figure shifts when the government introduces it’s proposed plans for winding back the scheme in 2017. We may well see employers offering other entitlements instead, such as more subsidized childcare (currently offered by only 3.1% of employers) or onsite childcare facilities (offered by 5.1%).
And we’re still yet to see a ‘normalisation’ of part-time work across both genders, with part time working women accounting for 16.1% of the entire workforce, compared with 5.2% of men.
Due to release the data at the National Press Club today, WGEA director Libby Lyons says that while organisations are moving in the right direction, progress is still far too slow.
Women’s Agenda will share more from Lyons’ address later today.
Key findings from the report
- Women account for 16.3% of CEOs and 28.5% of key management personnel positions
- 39.3% of organisations have a family or domestic violence policy and/or strategy
- 48% of organisations offered paid primary carers’ leave
- 69.1% of men are working full-time, compared with 40.7% of women
- 57.4% of manager-level appointments awarded to men
- The base salary gender pay is 17.7% down 2.2 percentage points from 2013/14
- The total remuneration gender pay gap is at 23.1%, down 1.6 percentage points since 2013/14
- 6.1% of all managers are employed on a part-time basis.
- Fulltime working men account for 34.8% of the workforce; full-time working women for 20.2%. Part-time men accord for 5.2% of workforce; part time working women account for 16.1%. Casual working men account for 10.3% of the workforce; casual women account for 13.3% of the casual workforce.
- 62.8% of organisations have a policy and/or strategy for flexibly working arrangements, up from 60.2%
This article was originally published on Women’s Agenda.
Lunchtime singing and awards for failure: The best perks from Australia's most innovative companies Amantha Imber Inventium founder
Your future customers: How to crack the gen Z code Simon Slade Affilorama co-founder
Why you should stand up for your staff (and buy a Porsche 918 Spyder) Ian Whitworth Scene Change co-founder
Why corporate content will send your customers running Luke Buesnel Story League director
How to write the perfect job advertisement Alex Hattingh Employment Hero chief people officer
How to outshine the millions of websites ranking poorly on Google Adam Rowles Inbound Marketing founder