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HR Leader – More thoughtful change is needed to eliminate the superannuation pay gap

HR Leader
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?

The recent announcement of the Working for Women initiative is being headlined by the government’s strategy to pay superannuation on funded paid parental leave. This move was a recommendation by the Women’s Economic Equality Taskforce.

The Women’s Economic Equality Taskforce was established in 2022, with its role being to prioritise advice to the government on the many issues facing women in Australia. This strategy is being widely touted as a bold move from Labor that addresses a pivotal issue reality to the disparities in superannuation balances between men and women.

 

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