One Pay at a Time

‘Happy Equal Pay Day!’

You can just file that straight away under things you will probably never hear a woman say on April 4th.

Equal Pay Day was founded in 1996 to raise awareness about the disparity between men and women’s pay. Did you know that Equal Pay Day falls on a different day each year? It’s because the date is determined by when a man would have to start working in order to make a woman’s salary for that year. And that is one big chunk of time off.

But this day isn’t just important to women – it’s important to all of us. In Australia in 2015, women made up 45.6% of all employees. In 2016, the Sydney Morning Herald reported that women were still earning about 83c for every $1 a man earns. For young women just starting out in their careers, those few cents are especially important. Over the years they can add up to hundreds of thousands of lost dollars for women.

Pay

Image: pexels.com

So there’s still a lot of work to be done. The first step, says the report, is providing men and women with equal opportunity in education and training.

‘Policies ensuring women have more equal access to science, technology and health care training, targeted initiatives to encourage career development and pay negotiation, and programs that support care for children and the elderly can help address some of the root causes.’

At FT Adjusting, equality in the workplace is one of the values we cherish. However, it’s also the case that men far outnumber women in the loss adjusting industry and in the insurance industry in general.  For most workplaces, pay disparity is the elephant in the room that needs to be solved before anything else. It’s time to stop short-changing women.

Words by Skye Jamieson