December 2017 quarter released – Financy Women’s Index

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Wednesday 7 March 2017: More Australian women are taking advantage of opportunities to progress in the economy by engaging in the workforce in record numbers and making educational decisions that align with higher paying careers, the Financy Women’s Index shows.

Key findings:
• The Index rose 0.8 percentage points to 111.7 points in the Dec qtr. 2017, compared to 110.9 points in the Sept qtr. 2017

• Annual pace of progress slowed to 2 percentage points in 2017

• Record growth in women working full time and in the workforce

• ASX top 20 company actions little changed on improving gender equality

• Gender gap in superannuation and wages narrowed slightly

• More women studying courses linked to higher paying industries

“We should applaud companies that have a good representation of women on their boards but we should also continue to encourage more women to put themselves forward for such opportunities,” said OneVue chief executive officer Connie McKeage.

Despite this, Australian women still have reason to celebrate economic progress this International Women’s Day week, even if it’s not happening as fast as they may like.

“Its great to see the Financy Women’s Index showing that women are continuing to make further economic progress, helped lately by record female workforce participation,” said AMP Capital chief economist Dr Shane Oliver.

For the full report click here.

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