Did You Know?

Four in ten businesses worldwide have no women in senior management. This shouldn’t be a surprise given the way many countries feel about women in the workplace. Here in the United States, however, women still feel the stress of trying to break into upper management, with 93% of the 439 senior women executives surveyed by Korn/Ferry International in 1992 feeling that a glass ceiling for women still existed. Yet new studies report that women outnumber men as managers in fields like human resources, health administration and education–perhaps stemming from reports that many businesses have seen a direct financial impact from hiring women. It hasn’t changed much, if you ask me even now in 2015.

Women earned less than men in 99% of all occupations. In virtually every field that women choose to enter, they can expect to earn less over their lifetime than their male counterparts. This means that over 47 years of full-time work, this gap amounts to an estimated loss in wages for women of $700,000 for high school graduates, $1.2 million for college grads, and $2 million for professional school grads–a staggering amount.  from the College Times

From the ABC ~ Sad, sad news indeed!

Earlier this week the Federal Government announced changes to gender reporting guidelines for businesses.

For businesses with 100 employees or more there will still be required gender and pay reporting, but the Government is planning to scrap more stringent workplace gender equality reporting introduced under the former Labor government, which would have included recording the gender of people applying for jobs and chief executive salaries.

The Government said it was a decision made in consultation with business and that some reporting requirements were too onerous and might not necessarily contribute to gender equality.

But Ms Kearney said employers must be required to keep the data in order to erode the pay disparity.

“To look at a culture in an organisation to tackle something like this, we need data and the Workplace Gender Equality Agency recommended some data collection processes that would help, but we have just seen this Government decide to water down those requirements,” she said.

“Watering down data collection requirements is going to be, I think, a major step backwards in closing the gender pay gap.

“We’ll lose a good opportunity to change the culture in corporations around this issue.”

 

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