This sixth BCEC|WGEA Gender Equity Insights report, Gender Equity Insights 2021: Making it a Priority, uncovers further insights about effective initiatives to improve gender equality across Australia’s workplaces, by identifying the top performers, who have consistently taken steps to improve gender equality outcomes over the last seven years.
Through the Gender Equality Good Practice Index, the authors find that the consistent application of workplace policies and actions delivers better gender equality outcomes, translating to lower gender pay gaps and more women in senior leadership roles. But there is considerable evidence of a level of apathy among Australia’s biggest organisations when it comes to progressing gender equality.
This apathy exists in efforts to increase the number of women on Boards, to narrow the gender pay gap through regular audits, and the implementation of policies and practices that help make workplaces more gender equitable.
- The gender pay gap has fallen from 24.7 per cent to 20.1 per cent and at this rate of change will take another 26 years for the full-time gender pay gap for total remuneration to close;
- Organisations in the education and training, health care and social assistance sectors ranked lowest on average in terms of their approach to gender equity in the workplace, and showed least improvement over the last five years;
- Organisations that consistently undertook pay gap audits saw their managerial gender pay gap narrow at a faster rate than other companies, by up to 2.2 percentage points between 2017 and 2020;
- Organisations that set consistent Board targets saw the share of women on Boards increase by 7.3 percentage points, lifting from 21.6 to 31.1 percent between 2015 and 2020.