Businesswomen living in Australia not only have trouble getting promoted to top-level jobs, but once they get there, they’re grossly underpaid in comparison to men at the same level. According to an article on Forbes.com this week, Australian women hold just 7% of the senior executive jobs in the country’s top 200 public companies. Most of those women earn half as much as their male colleagues in the same positions.
Specifically, women in chief financial officer and chief operating officer positions in the top 200 Australian companies earn half the salary of men in the same jobs while female chief executive officers earn two-thirds the salary of men in the same position.
The statistics come from a survey by Macquarie University that was commissioned by the Australian government, and those statistics mirror separate 2007 Australian government statistics that showed women earned 35% less than men each week. Despite the fact that the government asked for the survey, they claim they will not intervene to close the gap between the salaries of men and women in business.
Interestingly, research by Catalyst in 2006 showed that women hold just 6.7% of senior executive jobs in the United States and 5.4% in Canada, so this problem is certainly not unique to Australia.
Tags: women in business, male female business salary, ratio of men to women in business, businesswomen, female executives, Catalyst, Forbes, Australia business women
Susan Gunelius
Susan Gunelius is the Founder and Editor-in-Chief of Women on Business. She is a 30-year veteran of the marketing field and has authored a dozen books about marketing, branding, and social media, including the highly popular Ultimate Guide to Email Marketing, 30-Minute Social Media Marketing, Content Marketing for Dummies, Blogging All-in-One for Dummies and Kick-ass Copywriting in 10 Easy Steps. Susan’s marketing-related content can be found on Entrepreneur.com, Forbes.com, MSNBC.com, BusinessWeek.com, and more. Susan is President & CEO of KeySplash Creative, Inc., a marketing communications company. She has worked in corporate marketing roles and through client relationships with AT&T, HSBC, Citibank, Intuit, The New York Times, Cox Communications, and many more large and small companies around the world. Susan also speaks about marketing, branding and social media at events around the world and is frequently interviewed by television, online, radio, and print media organizations about these topics. She holds an MBA in Management and Strategy and a Bachelor of Science degree in Marketing and is a Certified Professional Career Coach (CPCC).
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