Gender Pay Gap Revealed at Australia's Largest Companies

📆 27/02/2024 00:08:00
📰 9NewsAUS

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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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