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The Importance Of Equal Pay For Equal Work

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Despite the numerous benefits society reaps from ‘equal pay for equal work’, there is still a prevalent gender inequality that persists. Research indicates that Australia’s female senior executives earn drastically less money than their male co-workers across all types of pay, not just performance based (Hutchinson et al. 2015, p. 785). It was found that executives who were female, represented 8.2 per cent of the study sample, earnt approximately 22.58 per cent less in base salary compared to men during the same sample period (Hutchinson et al. 2015, p. 787). Furthermore, if executives were granted performance-based pay, “women were awarded roughly 16.26 per cent less in cash bonus and 18.21 per cent less in long-term incentive pay” (Hutchinson et al. 2015, p. 783). Provided women are awarded less money in all forms of compensation, the idea of women breaking the ‘class ceiling’ is a difficult task that seems unobtainable to most. In such circumstances despite entering the workforce, women may experience reduced motivation to seek management or board positions due to the extended effort they have to provide over men.
Important gender differences still influence numerous labour market outcomes and possibilities (Farre, 2016). Women’s discontinuous labour market participation is a major contributor to gender inequality within the labour force (Arnarson & Aparna, 2010). Women are often forced to exit the labour market for an extended duration of time due to many reasons such

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