Gender Pay Gap Persists in Australian Companies

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Gender Pay Gap,Australian Companies,ASX 20

A report by the Australian Council of Superannuation Investors (ACSI) reveals a gender pay gap in Australian companies, with men more likely to earn higher salaries as they move up in organizations.

The Australian Council of Superannuation Investors (ACSI) has found that companies in the ASX 20 have a higher proportion of women in their top quartile for total pay compared to the economy-wide average. However, companies such as Fortescue, Rio Tinto, and WiseTech have the lowest proportion of women in their highest-paid jobs. The report also revealed that nine of the ASX 20 companies had more women in their bottom pay quartiles, indicating a failure to promote women into senior positions.

The data showed that men were more likely to earn higher salaries as they moved up in organizations

 

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