Australia’s Gender Pay Gap Widens Slightly Despite Efforts to Reduce Disparities
New data reveals a national gender pay gap of 21.8% in 2023-24, with significant disparities persisting in high-paying industries and specialized roles.
- The national gender pay gap in Australia increased slightly to 21.8% in 2023-24, with women earning an average of 78 cents for every dollar earned by men.
- Fertility clinics, construction, and financial services reported some of the largest gender pay disparities, with Monash IVF Group's Sydney Ultrasound for Women showing a gap as high as 88%.
- Only 21% of Australian employers have effectively eliminated gender pay gaps, defined as a gap of less than 5% in either direction.
- The inclusion of CEO salaries, predominantly held by men, contributed to the slight increase in the reported national pay gap this year.
- Public disclosure of company-specific pay gap data has prompted some employers to address disparities, but progress remains slow and uneven across sectors.