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Monday, August 15, 2022

New data suggests gender pay gap could finally be closing

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The nation’s gender pay gap could be diminishing, with data released yesterday by the Australian Bureau of Statistics (ABS) revealing that total wages being paid to women is rising at a faster rate than total wages being paid to men.

Total wages paid to women rose by 7.1 per cent over the year to June 11, 2022, while wages paid to men rose 3.2 per cent.

The number of payroll jobs increased by 1.7 per cent for women, compared to a slight fall of 0.1 per cent for men.

Currently, Australia’s national gender pay gap is 13.8 per cent.

Now is the time for all employees to look at their payroll and examine whether the wages they’re paying to men and women are equal, that is, the same pay is being paid for the same work to men and women.

CEO of ASPL Group, Kris Grant

The national gender pay gap is calculated by Australia’s Workplace Gender Equality Agency (WGEA) using data from the ABS.

Men received average weekly ordinary full-time earnings of $1846.50 compared to $1591.20 for women.

This means that on average, women earned $255.30 less than men.

“Now is the time for all employees to look at their payroll and examine whether the wages they’re paying to men and women are equal, that is, the same pay is being paid for the same work to men and women.

“This needs to be a priority for all employers,” Kris Grant, CEO of management consultancy ASPL Group, said.

She said some advances are being made.

As the nation’s labour market continues to tighten … we can expect to see some closing of the gender pay gap as women’s bargaining power increases. This will be especially true in sectors where there are chronic skill shortages and where women represent much of the workforce, such as aged care and healthcare.

Kris Grant

“Apart from the data today, the Fair Work Commission’s decision to raise the national minimum wage by 5.2 per cent from July 1 will benefit the nation’s lowest paid workers, which are largely women,” Grant said.

“Employers too are recognising that they need to achieve gender pay equality to retain their workforce.

“As the nation’s labour market continues to tighten, with the unemployment right potentially headed to just 3.5 per cent, we can expect to see some closing of the gender pay gap as women’s bargaining power increases.

“This will be especially true in sectors where there are chronic skill shortages and where women represent much of the workforce, such as aged care and healthcare,” Grant said.

“For too long we have heard the mantra equal pay for equal work without this actually being achieved. Now is the time for all employees to commit and act on this important goal.”

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