Women in the workforce
The theme of this year’s International Women’s Day is to forge a more gender inclusive world for women in the workforce. Through purposeful collaboration, each one of us is invited to help our sisters “unleash the limitless potential” offered to economies around the world.
Australia’s Workplace Gender Equality Agency (WGEA) shows that the gender pay gap, which is described as the difference between the average male full-time earnings and average female full-time earnings expressed as a percentage of male earnings, is in favour of men in every industry.
According to research conducted by WGEA, the full-time gender pay gap in Australia is 23.1 per cent – that’s a difference of $26,853 a year.
Here are some more sobering stats:
- Women comprise 46.2 per cent of all employees in Australia. As a proportion of all employees, 24.8 per cent are women working full-time and 21. per cent are women working part-time
- Women constitute 71.6 per cent of all part-time employees, 36.7 per cent of all full-time employees and 54.7 per cent of all casual employees
- The workforce participation rate for women is 59.3 per cent, and for men is 70.4 per cent
- Women hold 14.2 per cent of chair positions, 23.6 per cent of directorships, as well as represent 15.4 per cent of CEOs and 27.4 per cent of key management personnel in Agency reporting organisations
- 4 per cent of directors in the ASX 200 are women
- Women account for 40 per cent of new appointments to ASX 200 boards
- 10 per cent of ASX 200 companies do not have a woman on their board
While the World Economic Forum predicts the gender gap won’t close entirely until 2186, WGEA hopes that initiatives like taking action on pay equality, providing flexible working hours, paying parental leave and preventing sex-based harassment, will help bridge this gap for women in Australia’s workforce.
Changing world of work
According to UN Women Executive Director, Phumzile Mlambo-Ngcukathe, advancing women’s equality could boost global GDP by US$12 trillion by 2025.
“Achieving equality in the workplace will require an expansion of decent work and employment opportunities, involving governments’ targeted efforts to promote women’s participation in economic life, the support of important collectives like trade unions, and the voices of women themselves in framing solutions to overcome current barriers to women’s participation, as examined by the UN Secretary-General’s High-level Panel on Women’s Economic Empowerment.”
Read more from Phumzile here.
Women in construction
Australia’s National Association for Women in Construction (NAWIC) is a non-profit organisation formed in 1995 whose primary mission is to promote and improve the construction industry by the advancement of women.
Next week it will announce the winner of this year’s International Women’s Day Scholarship, which amounts to $20,000, who will be tasked to write a research paper themed around current gender and diversity issues in Australia.
For more information, and to enquire about next year’s application process, visit here.