When will the gender pay gap close?
- The mining and finance services industries have the greatest gap in average weekly total cash earnings.
- Arts and recreation services have the lowest gender gap in weekly payments with just $95.20 more for males than females.
- Managers have the greatest average weekly cash earnings but female managers sit well below the manager average.
In the year 2022 a wide gap in labour remuneration between males and females still exists as indicated by employee earnings and hours data released by the Australian Bureau of Statistics for May 2021.
The average weekly total cash earnings for all males working full and part-time combined in May 2021 was $1625.40, while it was just $1166.90 for all females. For full-time working males the average weekly total cash earnings was $1934, some $258.10 more than that of full-time working females during the same period.
Despite big mining companies like BHP (ASX:BHP) and Woodside Petroleum (ASX:WPL) introducing gender balance goals in the workplace, mining remains as the sector with the largest gender pay gap in average weekly total cash earnings with males earning an average of $2,863.30 while females take home $2,326.50 on average per week.
On the lower end of the sector scale, the arts and recreation services sector has an average weekly total cash earnings of $1032.90, with only a slight gap of $95.20 in payment between females and males.
Australians with ‘manager’ as an occupation earned the most in May 2021 at an average of $2596.40/week, but female managers were well below the average at just $2269.10/week.
Looking forward to the year ahead, all eyes will be on companies in the mining and finance sectors to see whether they continue writing goals to close the gender pay gap, or act to pay females and males equally in the workforce.
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