More people working as cost-of-living pressures mount
The number of Aussies in full-time employment has seen a significant rise in recent months, highlighting just how much pressure the cost-of-living crisis is having on people.
Unfortunately, the pay gap between men’s and women’s salaries remains unequal at 14% Australia-wide, leading to a significant difference in superannuation balances, despite women having attained higher education levels.
The Australian Bureau of Statistics (ABS) has released data this week showing women’s full-time adult average weekly ordinary time earnings were 86% of that of men. Furthermore, the wages gap has led to a gap in superannuation levels, with women’s median superannuation balance standing at $168,000 compared to $208,200 for men in the 2019-20 financial year, the ABS data show.
Kris shares with the the InvestorDaily, Financial Standard and Advisor Voice for actions to consider to eliminate the gender gap once and for all.
The number of Aussies in full-time employment has seen a significant rise in recent months, highlighting just how much pressure the cost-of-living crisis is having on people.
ASPL Group, a management consultancy, training and recruitment firm specialising in diversity, equity, and inclusion, is highlighting the need for widespread engagement in the public consultation for the Federal Government’s Draft National Autism Strategy. With a commitment to fostering inclusive environments, ASPL Group emphasises the significance of this strategy in enhancing the lives of autistic Australians nationwide.
There is a significant disparity in superannuation between men and women in Australia. To mitigate this, the government’s Working for Women initiative aims to pay superannuation on paid parental leave. It‘s a much-needed move, but is it enough of a kickstart?
Every year International Women’s Day rolls around, bringing with it ideas of celebration like cupcakes, luncheons, and networking events. However, it’s time to question the impact of such festivities on the pressing issue of gender equality.
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