New data released by the Australian Bureau of Statistics shows the national gender pay gap has increased to a record high of 18.8 per cent.
The Workplace Gender Equality Agency highlights that on average a man working full-time earns $1,587.40 per week, whereas a woman working full-time earns $1289.30 per week. That equates to difference of $298.10 per week.
The Financial and Insurance Services industry had the highest gender pay gap (29.6 per cent), followed by Health Care and Social Assistance (29.1 per cent) and Rental, Hiring and Real Estate Services (28.7 per cent). The lowest gender pay gaps were in the Public Administration and Safety (7.2 per cent), Other Services (8.2 per cent), and Accommodation and Food Services (9.0 per cent) industries.
The new figures are based on ABS data collected in November 2014. The national gender pay gap has increased 1.4 per cent since November 2013 when the gap was 17.4 per cent.
“It’s clear that women aren’t getting the same earning opportunities as men, and this has implications for women’s financial security, particularly in old age,” Workplace Gender Equality Agency’s Research Executive Manager, Dr Carla Harris said. “The silver lining is that some of the industries with the biggest gender pay gaps, for example Financial and Insurance Services and Health Care and Social Assistance, have reduced their gender pay gaps in the past year.
However, it is important to remember that the national gender pay gap is a high-level figure that shows general differences in earnings between women and men across the board. It is not a like-for-like analysis of women and men doing the same job. Therefore it doesn’t mean that women are earning 18.8 per cent less than men in the same role.”
The Workplace Gender Equality Agency has a suite of resources to help employers undertake a gender pay gap analysis, which can be found at www.wgea.gov.au/lead/addressing-pay-equity.
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