Women’s Wage Equality and the Real Estate Industry

“Australian women are required to work 61 extra days to earn the same pay”, according to Cameron Micallef of Momentum Media’s Nestegg.

That’s right…61 days extra must be spent in the workforce to achieve the same financial outcome as their male counterpart, with the gender gap expected to grow further, Cameron’s research has revealed.  Stats released by the Workplace Gender Equality Agency (WGEAS) show full-time working women in Australia are taking home $265.50 less per week than their male counterparts.

Not only are Australian women making less, the gap between men and women’s salaries is only increasing, despite it being a legal requirement since 1969 for equal pay amongst women and men.  In fact, WGEA showed progress towards women’s equality outcomes have dissipated, falling by 0.8 per cent to 14.2 per cent.

The difference was mainly driven by a rise in men’s full-time wages that far outpaced a rise in women’s wages, 1.8 per cent compared with 0.9 per cent, with the ABS particularly highlighting earnings growth in construction based on large government support during the pandemic.

“The pay gap is a historic issue that stems from out-dated views about female job commitment and roles within the workplace,” said Rosie Cairnes VP APAC at skillsoft. “This outlook can take the form of unconscious bias, or outright prejudice. The nature of unconscious bias is that it goes unseen, yet its effects can become highly visible and consequential.”

As it currently stands on average, women working full-time earned $1,575.50 while men working full-time earned $1,837.00.  However, this is not the case when it comes to Real Estate Agents. Most Agents work on commission-based income, and this leads to much greater equality within the sector.

Just recently, we saw Hayley Van de Ven take over our RE/MAX Bayside Properties business and merge the very successful Alexandra Hills and Cleveland offices with her also very successful Morningside and Mackay businesses.  Hayley is extremely passionate, driven and, as you can image, constantly on the go managing four major Real Estate offices as well as her young family. Yet, Hayley always finds time to focus on the small and personal side of the business as well.

Real estate is a fantastic leveller when it come to wage equality. The amount you earn depends largely on the final sales price achieved for a listed property, it has nothing to do with gender. There are so many very successful women in the Real Estate Industry showing commitment to your vendor is the best equaliser in this business.

Remember, if you need any help or advice, we are just a phone call away.

All the best, Simon.

Source: Momentum Media

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