Taking action such as correcting like-for-like pay gaps, analysing performance pay and reporting the results to company boards are effective in closing the gender pay gap, new research shows.
We found organisations that completed a pay gap analysis in the 2015-2016 financial year and took action, saw the total salary gender pay gap among top-tier managers reduce on average by 5 percentage points a year later. This compares to a reduction of only 0.22 percentage points for companies that did not take any action at all.
Using data reported to the Workplace Gender Equality Agency each year, we examined the pay of more than four million employees across 11,000 employers. We also assessed what actions companies are taking to address pay equity and what happens down the track as a result.
The gender pay gaps remain a permanent feature of the Australian labour market, having barely shifted in the last 20 years, despite the advances women have made in both educational attainment, workforce participation and legislation prohibiting discriminatory behaviours.
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