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Stories by Mara Olekalns

Play the right game

Despite the implementation of equal-opportunity policies, women continue to earn lower salaries than men. Surveys tracking the salaries of MBA graduates, both overseas and in Australia, show a startling gender gap. Female graduates' starting salaries are 6 per cent lower and their guaranteed bonuses are 19 per cent lower than those of their male peers. The gender wage gap is a problem for women in all occupations.
Both women and their employers are financially disadvantaged by inequities in salary. For women, the costs can be counted in terms of accumulated wealth over their careers as well as in career progression. For organisations, one cost of gender inequity is increased turnover. Some experts estimate that labour turnover costs for employers range from 30 to 150 per cent of an employee's annual salary.

Written by Mara Olekalns24 Aug. 07 22:00