“On current projections it will take another 26 years to close the gender pay gap. Women have waited long enough for the pay gap to close – this government will not let them wait another quarter of a century.” Gender pay gaps will be published on the Workplace Gender Equality Agency website.
Progress on achieving global gender equality is languishing. A new report from the World Economic Forum estimates that women won't attain parity with men for another 131 years. In other words, not until 2154.
More than four and a half million Australian employees will be able to access their employer's gender pay gaps starting in early 2024 after the passage of the Workplace Gender Equality Amendment (Closing the Gender Pay Gap) Bill 2023 in Federal Parliament today.
This is called Equal Pay Day. The February 2023 average weekly pay for men working full time was $1,907.10. Women earnt $1,653.60 per week on average. That's a difference of $253 every week and $13,183 every year.
The Workplace Gender Equality Agency is an Australian Government statutory agency created by the Workplace Gender Equality Act 2012. In March 2023, parliament passed the Workplace Gender Equality Amendment (Closing the Gender Pay Gap) Bill 2023. This Bill made amendments to the Workplace Gender Equality Act 2012.
The gender pay gap – the difference between the earnings of men and women – has barely closed in the United States in the past two decades. In 2022, American women typically earned 82 cents for every dollar earned by men. That was about the same as in 2002, when they earned 80 cents to the dollar.
The gender pay gap in each state
In November 2022: Western Australia had the widest gender pay gap at 22.1% Tasmania had the smallest gender pay gap at 6%
From 1 July 2023, the National Minimum Wage will increase by 5.75%. This means the new National Minimum Wage will be $23.23 per hour, or $882.80 per week. This increase will apply from the first full pay period starting on or after 1 July 2023.
Australian employers are budgeting for a 3.0% median salary increase in 2023, unchanged from the increase for 2022, according to Mercer's Australia Total Remuneration Survey (TRS).
Women are paid less than men as a result of occupational segregation, devaluation of women's work, societal norms, and discrimination, all of which took root well before women entered the labor market.
From 2024, employers will be required to report workforce data on: employee age (year of birth) primary workplace location. CEO, head of business and casual manager remuneration.
Any employer with 250 or more employees on a specific date each year (the 'snapshot date') must report their gender pay gap data. You must report and publish your gender pay gap information within a year of your snapshot date.
As of 2021, Belgium is the country with the most equal pay between the genders of OECD countries. The gender pay gap was at 1.17 percent. South Korea, on the other hand, is the country with the highest gender pay gap of the OECD countries with a 31 percent difference between the genders.
MoneyGeek, a personal finance site, used data from the Bureau of Labor Statistics and the Census Bureau's 2021 American Community Survey to determine where the pay gap is worst in the U.S. At the very bottom ranks Wyoming, where women on average make about 69% as much as men do.
This "reverse pay gap" — where women are out-earning men — is an outlier, with women continuing to earn less than men in more than 90% of the roughly 250 cities analyzed by Pew Research Center senior researcher Richard Fry.
Employers in Australia are legally allowed to pay workers under 16 years old $7.87 per hour.
Most employees are covered by an award. Awards are legal documents that outline the minimum pay rates and conditions of employment. From 1 July 2023, adult minimum award wages increase by 5.75%. This increase applies to employees from their first full pay period starting on or after 1 July 2023.
The Commission also announced that employees covered by awards will have their minimum wage rates increased by 5.75 per cent from the first full pay period starting on or after tomorrow.
Australia has lifted its standards when it comes to gender equality in the past year, with the latest Gender Gap Report from the World Economic Forum showing Australia jumping 17 places from 43rd to 26th.
The gender pay gap is influenced by several factors, including: • discrimination and bias in hiring and pay decisions • women and men working in different industries and different jobs, with female-dominated industries and jobs attracting lower wages • women's disproportionate share of unpaid caring and domestic work • ...
Average Australian Salaries in 2023
A taxable income that was $131,501 or higher was within the top 10% of earners in Australia last year. About 5% of taxpayers had incomes above $180,000. Someone who earned more than $253,066 was in the top 1%.
When it comes to earning power, not all jobs are created equal. According to our study, real estate brokers have the largest gender pay gap, with men earning 60% more than their female counterparts. Coming in second place is personal finance advisors, where men earn 58% more than women in the same role.
A negative gender pay gap means that, on average, women's gross hourly earnings are higher than those of men.
Causes. Women's labor is undervalued. Most of the disparity in women and men's pay cannot be explained by measurable differences between them. Out of the causes of the wage gap that we can measure, the main contributor is that women are more likely than men to work in low-paying jobs that offer fewer benefits.