Australia's Gender Pay Gap Remains Significant in 2014
Last year, Jo Swinson, the Equalities Minister in the British Government urged women to talk to their bosses about any possible difference between their pay and that of their male counterparts. Interestingly, an article about the gender pay gap written by the Telegraph (UK) in October 2013 stated that on average, men in full time roles earned 9.6% more on average then their female counterparts. In the year 2000, this was as high as 16.3%. So what about Australia?
According to the ABS, this number is as high as 17.5% and has been stuck between 15 and 17% for years. The Workplace Gender Equality Agency says the gender pay gap across all sectors of the Australian economy stands at 17.5%. That's 2.6 percentage points higher than it was in 2004 and one percentage point higher than it was in 1995.
At people2people, we have a unique collaborative remuneration tool, salarysiite. By sharing your salary and benefits data anonymously, you can then benchmark your salary against your professional peer group. At present, we have over 103,000 contributions, and one of the key data points is gender variations.
Our findings were very interesting.
Geographically, it appears Melbourne has the highest gender income gap, whilst the narrowest gap is in Brisbane. Probably not what you would think, but females earn 82 cents for every dollar earned by males.
In addition, when considering the value of commissions or bonuses, males can earn up to twice the bonus their female colleagues may earn. Once again, this is most prevalent in Melbourne. There were fewer surprises when analysing industry sectors, the largest gap being in the mining and resources sector. The smallest gap was in the business and professional services sectors.
Of note, and also noted by the media on the release of the government agency data in 2013, is that in industries where women dominate, such as healthcare, a gap still exists.
So a working woman living in the United Kingdom enjoys less of a gender pay gap than a working woman in Australia. To coincide with International Women’s Day on 8 March, The Economist has listed 9 indicators of the 'the glass ceiling index'. The gender pay gap is one of the criteria.
If you are interested in people2people’s data, it is published in the people2people post. Drop me a note and I can have one of our consultants deliver you a copy.