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Prepare your daugther for working life: Pay her less pocket money than your son.
Earnings figures released in August put average female pay at 82% of the male average, the lowest proportion in 21 years.
In the Finance sector, the situation for women is worse, with average female pay at 72% of the male average.
Ironically, this huge wage gap exists in one of Australia’s wealthiest and most profitable industries.
The Australia Institute report on The Impact of the Recession on Women contains more worrying news. Women comprise up to 80% of the hidden unemployed in key age groups, are more likely to be engaged in part time work, and have smaller superannuation balances due to lower incomes and broken working lives.
Business needs to do more to promote good jobs for women. Women need good quality jobs, better pay and greater career opportunities.
Australian women deserve better.
A group of FSU Reps from CBA Branches on the Central Coast of NSW conducted a successful campaign, after 50 staff faced immediate transfer and for some, cuts to hours and pay. As a result of the Reps campaign, transfers were rescinded and original hours and pay restored.
The FSU has made a submission to ASIC’s proposals for the training and competence of credit licensees, calling for consistent minimum standards across the industry, prescribed nationally recognised qualifications, and provision of training to all representatives of a credit licensee, not just key personnel.
The submission also points out the current issues of understaffing and lack of access training, and calls for the provision of education and training to be totally funded by the employer.
For those who missed it, the FSU and the ACTU appeared on the 7.30 Report last week discussing underemployment. Read the transcript and watch the video online here: