Although the gender pay gap has narrowed slightly across the board compared with last year, with the most significant improvement being in HR, there still remains a long way to go with the gap remaining widest at high levels.
Female CEOs earn 16.4 per cent less than males in the same role, however the gap narrowed this year by 2 per cent. Down the ranks, female general managers earn 12.5 per cent less than their male counterparts – which is 0.8 per cent better than last year.The most significant improvements have been seen in human resources and manufacturing, supply & distribution job families (down 2 per cent and 1.4 per cent respectively), while the Finance and Accounting job family saw the greatest increase in pay differentials over the reporting periods (up 0.6 per cent to 12.1 per cent).
The survey of 759 Australian organisations released today by the Australian Institute of Management (AIM) also showed IT as the area with the lowest pay differential, earning only 4.9 per cent less than their male counterparts.
“What is surprising to us at AIM, is that in the year 2009 – some 40 years since a landmark decision granted equal pay for women – that we are still seeing such gender bias across all job levels and job families,” said an AIM spokesperson. “While we are pleased that the large corporates and professionals seem to be getting the message, we will continue to bring this information to the attention of Managers of all businesses to use this report as a benchmarking tool to address this salary inequity issue.”
Commenting on the AIM Report, Sex Discrimination Commissioner Elizabeth Broderick said: "While it is encouraging that this report shows some progress being made in large corporations and professional organisations in relation to the gender pay gap, we must not lose sight of the fact that it still exists in most industries, and is one of the factors contributing to women’s inequality across their lifetime. The report acts as further evidence that more action is needed."