Last week, we reported on Equal Pay Day and the campaign to address the 12.4% gap between what men and women are paid for each hour they work. This week, the Gossip came across updated statistics on the gap in the finance industry in Australia.
Women in the finance industry get paid an average 32.1 percent less than men, according to the Australian Bureau of Statistics. This gap has increased on the 28.5% gap in 2009.
Banking and finance was the worst sector for unequal gap at nearly double the industry average of 16.9%. Information on the gap for our sector is not available for New Zealand – but if it is similar to Australian, women staff at our banks could be 25% behind male staff in terms of pay.