The gender pay gap in Australian workplaces has been released by the Workplace Gender Equality Agency (WGEA) for the very first time, and the results are damning for the finance industry’s biggest employers.
You can view a breakdown of the gender pay gap for employers in the finance industry below.
The Financial and Insurance Services median total remuneration gap (26.1%) has marginally increased in the past 12 months (from 25.9%) demonstrating that our industry isn’t taking this problem seriously, even knowing individual employer data would be open to scrutiny.
This is a persistent problem that finance employers have refused to address for years, choosing instead to redistribute billions of dollars in profits each year anywhere else except into the pockets of women in their workforce.
Through our smashing the gender pay gap campaign, we’re committed to removing the barriers that prevent women from fully and equally participating in the workforce. There are many things you can do in your workplace to help make it more equitable. You can start by:
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The Finance Sector Union respectfully acknowledges the Traditional Owners of the land on which we live and work, and pay respect to First Nations Peoples and their Elders, past and present.