According to The Bankwest Curtin Economics Centre and Workplace Gender Equality Agency (BCEC\WGEA), women will need to wait until 2100 for an equal share in CEO roles.
While the fourth Gender Equity Insights report conducted by BCEC\WGEA shows women still remain under-represented in positions of power and over-represented in lower-paid jobs, the report also shows they are likely to dominate middle management roles in years to come.
Women currently make up almost 50 per cent of Australia’s workforce and hold around 40 per cent of all full-time jobs.
The findings from the Gender Equity Insights series reveal insight into positive change that has been made across different sectors in recent years and highlights the importance of workplace policy initiatives in ensuring women continue to progress into senior positions and in narrowing the gender pay gap in Australia.
According to the report, if the current growth patterns continue, we can expect to see equal representation of women and men in full-time key management personnel roles by 2030, but will have to wait until 2100 for equal shares of female CEOs.
The report also revealed the highest paid men are earning at least $162,000 more than the highest paid women.
Women are also noticeable under-represented among top-tier managers in the health care sector (51.9 per cent) relative to their overall presence in the workforce (71 per cent).
They are also most under-represented in top-tier management positions. However, this category has seen the fastest growth rate, increasing by 4.4 ppts in the last five years.
The glass ceiling remains a barrier for women at CEO level, with very little movement in the last five years (+1.1 ppt).