Gender pay gaps of some of Australia's biggest companies revealed
Ahead of International Women's Day this Friday, March 8, the gender pay gaps within some of Australia's biggest companies have been unveiled.
Major companies including Westpac, Woolies, and Qantas are paying their female employees less, according to new data from the Workplace Gender Equality Agency Australia (WGEA).
From our major supermarket chains to banking companies and healthcare businesses, here are the companies where women are receiving a smaller total annual compensation package than men — from best to worst.
Coles Group
Coles Group owns Coles supermarkets among other Australian businesses — and has the lowest average total remuneration gender pay gap of all the companies on this list.
Women employed by Coles Group are receive 6 per cent less than men in total annual compensation.
Woolworths
Both of Australia's major supermarket chains score high for gender pay equality, despite there still being a gap.
Woolworths' female employees see a 10.5 per cent average total renumeration gap from their male counterparts.
BHP
BHP is an Australian multinational mining and metals public company, the largest mining company worldwide by the value of its total shares.
Despite this, it has one of the smaller gender pay gaps among the Aussie businesses on this list.
BHP recorded an average total remuneration gender pay gap of 11.2 per cent.
Wesfarmers
Wesfarmers is a national conglomerate that owns many Australian retail, chemical, fertiliser, industrial and safety businesses, Target, Kmart and Bunnings the most famous of these.
Barely surpassed by BHP, Wesfarmers beats out other Aussie companies with an average total remuneration gender pay gap of 11.8 per cent.
ANZ
Among all financial institutions on this list, ANZ has the smallest gender pay gap.
On average, the difference between women and men's total renumeration is just 18.8 per cent.
National Bank Australia
National Bank Australia, one of the four largest financial institutions in Australia, has the second smallest gender pay gap of banks on this list.
On average, women's total annual compensation is 19 per cent less than men's.
Westpac
Westpac, over half of whom's workforce is female (60 per cent), has an average annual renumeration gender pay gap of 22.4 per cent.
Commonwealth Bank
Tying with competitor Westpac, Commonwealth Bank's female employees are also paid on average 22.4 per cent less than male employees in total annual compensation.
Macquarie Group
The Macquarie Group multinational, more commonly known as Macquarie Bank, scored the lowest among financial institutions on this list.
On average, Macquarie Group pays women 30.3 per cent less than men in total renumeration.
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