The gender pay gap continues in Australia with women’s salary increases failing to keep up with men’s pay rises.
According to a survey undertaken by the ADP Research Institute, Australian pay rises in the past 12 months averaged 5.7 per cent for men, compared to only 4.4 per cent for women.
In the next 12 months, men expect to see their pay increase by an average of 6.3 per cent, while women foresee an increase of just 5.2 per cent.
Not surprisingly, women are more inclined than men to perceive themselves as being underpaid for their work, with 60 per cent of women expressing this belief, in comparison to 56 per cent of their male counterparts.
ADP ANZ managing director, Kylie Baullo, said despite ongoing discussions regarding the gender pay gap, the survey is proof the disparity continues.
“This is particularly worrisome given the current economic challenges Australian workers are facing across all industries.,” she said.
“Older Australian workers also believe they’ll be overlooked by their employers when it comes to pay rise and bonus awards in the year ahead.”
More than half (58%) of Australian Generation Zs (18-24-year-olds) expect to receive a pay rise in their current company in the next 12 months, compared to only 34% of those aged 55 and over. Similarly, 21% of Gen Z believe they’re in line for a bonus, compared to 16% of those approaching retirement age.
“Failing to recognise the value of experienced workers is likely to have long-term consequences. Overlooking these individuals may lead to the loss of vital knowledge and skills as they seek better pay and conditions elsewhere,” Baullo said.
The ADP Research Institute surveyed 32,612 workers in 17 countries around the world between 28 October and 18 November 2022 including over 8,613 working exclusively in the gig economy.
The survey included 1,400 Australian workers. Survey here: