Not only do women earn 16-18% less then men working similar jobs, Australian women are also have much lower superannuation pay outs then men as many women move in and out of work to have children. What action is being taken at a government and corporate level to fix this issue?
The Australian superannuation is paid as a percentage of paid work, which means if you are looking after children you’re not getting super contributions. Commissioner Broderick plans to overcome this issue are detailed here. But this is an excellent issue for employers to get involved in solving, because it will be very attractive for women to work for a company that invests in their life after their career. Some employers such as Westpac have dramatically improved their attraction for female talent and their support of working women by committing to paying superannuation during parental leave time.