Opinion
Why bonuses are a real problem behind the gender pay gap
The ‘good bloke’ mentality is to blame when it comes to discretionary remuneration, a key driver of pay inequality.
Bianca Hartge-HazelmanContributorThe gender pay gap is a persistent problem for many business leaders as the “good bloke” bias keeps getting in the way of progress.
Australia’s most commonly cited national gender pay gap measure – based on data from the Australian Bureau of Statistics (ABS) – stands at 13.3 per cent, an improvement on 17.4 per cent when the Workplace Gender Equality Act 2012 was introduced. Based on the current annual pace of progress, the Financy index calculates it will take 24 years before we see pay parity in Australia.
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