Excerpt from ProBono News
Posted: Wednesday, July 29, 2015
Banking giant ANZ says it will introduce measures to redress gender inequality after new research shows that women earn $700,000 less than men over a working career due to ‘structural bias’.
ANZ said it will introduce new measures to help women better engage with their financial futures and address the structural bias and subsequent financial disadvantage they face in the workplace and retirement.
The announcement follows ANZ’s release of new research into gender inequality in Australia, which found that that full-time female workers are paid on average $295 per week less than men or $15,000 dollars a year which, over their lifetime, equates to an average of $700,000 less than men.