Gender Pay Gap Revealed at Australia's Largest Companies

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Gender Pay Gap,Australia,Companies

Data published today under new laws shows the gender pay gap at 5000 private businesses with at least 100 employees, including some of the country's best-known brands. It highlights how women lag behind men in median salaries at companies that include major airlines, banks and even some companies where women make up the majority of the workforce or are prominent customers, such as fashion houses.

For the first time, the difference between what men and women are paid, as a median, at some of Australia's largest companies has been revealed. Data published today under new laws shows the gender pay gap at 5000 private businesses with at least 100 employees, including some of the country's best-known brands.

It highlights how women lag behind men in median salaries at companies that include major airlines, banks and even some companies where women make up the majority of the workforce or are prominent customers, such as fashion houses.The federal government says the pay gap costs the Australian economy almost $52 billion every year.Today's new data from the Workplace Gender Equality Agency (WGEA) is from two sets of pay-gap figures. The first is the median gap in base salary, which does not include superannuation, bonuses, overtime and other payments to employees. The pay of part-time and casual workers has been converted into full-time equivalent salaries. The second is the median gap in total remuneration, which includes salary and all the other employee payment

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Gender Pay Gap Revealed at Australian CompaniesThe gender pay gap at companies covering more than 5 million Australian workers has been revealed for the first time. Some of the biggest and most famous brands in the nation are revealed to have substantial gaps, some paying women, on average, less than 50 cents of what a man in the company earns.
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Thousands of Australian companies reveal gender pay gaps in data published by the WGEA7NEWS brings you the latest local news from Australia and around the world. Stay up to date with all of the breaking sport, politics, entertainment, finance, weather and business headlines. Today's news, live updates & all the latest breaking stories from 7NEWS.
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