A new report has revealed a gender pay gap between male and female full time employees in the Australian manufacturing industry of 14.2 per cent.
The gap was slightly higher than last year's figures, according to the report, by Bankwest Curtin Economics Centre (BCEC) in collaboration with the Workplace Gender Equality Agency (WGEA).
The Gender Equity Insights 2017: Inside Australia’s Gender Pay Gap is the second in the Gender Equity Insights series. It explores how gender pay gaps vary across industries and occupations.
The report has found that the gender pay gap grows with seniority, climbing to 26.5 per cent for top-tier managers. According to the report, top tier female managers across all industries earn on average $93,000, or 26.5 per cent, less per year compared to their male counterparts.
The report also found a measurable link between a gender-balanced leadership team and reduced gender pay gaps.
Report co-author and BCEC Director Professor Alan Duncan said the findings presented some of the strongest empirical evidence to date that improved gender pay outcomes are driven by companies promoting greater gender equity in senior leadership roles.
“Organisations that increased the share of women in executive leadership roles by more than 10 per cent between 2015 and 2016 recorded a reduction in the organisation-wide gender pay gap of 3 percentage points over the course of a single year,” Professor Duncan said.
