Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Red Thursday for Women

BPW NZ Media Release: Red Thursday for Women

For immediate release

The New Zealand Federation of Business and Professional Women (BPW NZ) announces that due to the widening of the gender pay gap, Equal Pay Day has increased by a further three days, now the 21st February.

Statistics provided by the StatisticsNZ Quarterly Employment Survey show that the average hourly wage for men is $29.09, while women earn only $25.15 per hour, a difference of nearly 12%. Equal Pay Day is calculated using these figures.

Women are required to work almost two months to achieve parity with their male counterparts.

“This increase is clearly disappointing to us as we had hoped that we would see an Equal Pay Day closer to the start of the year, not to have seen it grown,” says Carolyn Savage President BPW NZ.

“Are women not worth the investment? We say they are, and our economy needs it.

“The biggest consumer decision-makers are women and if paid equally women would have the capacity to spend or save another $3.94 per hour.

“It does not take a financial genius to note that an increase in the purchasing power of women would lead to benefits and an overall increase in GDP.

“Both the Government and business sectors need to take heed of this and follow the logic of the Goldman Sachs research that showed a reduction in the gender pay gap would lead to an increase in GDP.

“Men had a higher percentage increase in income in the year ending December 2012 than women. The data shows the reality, this is a very real issue.

“This theft of the potential financial growth of NZ has to stop,” says Mrs Savage.

“It is time to make a stand, to be leaders and implement change for the future financial growth of the New Zealand economy by reducing the gender pay gap.

“We need to see women out of the red,” says President Carolyn Savage

For further information or to schedule an interview please contact:

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Scoop Business: NZ Dollar Catches Breath After "Goldilocks" Slump

The New Zealand dollar edged up following its dramatic slump yesterday after the Reserve Bank confirmed speculation it intervened in the currency market last month and PM John Key suggested a “Goldilocks” level far lower than at present. More>>

ALSO:

Biosecurity: Kiwifruit Claim To Hold Officials Accountable For Psa

Kiwifruit growers have joined forces to hold Biosecurity NZ accountable in the courts for its negligence in allowing 2010’s Psa outbreak that devastated New Zealand’s kiwifruit industry and exports. Foundation claimants representing well ... More>>

ALSO:

Poison: Anglers Advised Not To Eat Trout In 1080 Areas

With the fishing season opening in just a few days (1 October 2014), anglers are being warned by the Department of Conservation(DOC) not to eat trout from pristine backcountry waters and their downstream catchments, where the department is conducting 1080 poisoning operations. More>>.

ALSO:

Quotas: MPI Swoop On Suspected Fraudulent Fishing Activity

Ministry for Primary Industries (MPI) compliance officers swooped on a Hawkes Bay fishing enterprise today to secure evidence in an investigation into suspected fraudulent activity... “The investigation involves activity throughout the commercial supply chain – catching, landing, processing and exporting.” More>>

ALSO:

Scoop Business: Fonterra Slashes 2015 Milk Payout, Earnings Tumble 76%

Fonterra Cooperative Group cut its forecast 2015 milk price payout by about 12 percent, citing weaker global dairy prices and said there is a risk of further declines given strong global milk production. More>>

ALSO:

Scoop Business: RBNZ Keeps OCR At 3.5%, Signals Slower Pace Of Future Hikes

Reserve Bank governor Graeme Wheeler kept the official cash rate at 3.5 percent and signalled he won’t be as aggressive with future rate hikes as previously thought as inflation remains tamer than expected. The kiwi dollar fell to a seven-month low. More>>

ALSO:

Weather: Dry Spells Take Hold In South Island

Many areas in the South Island are tracking towards record dry spells as relatively warm, dry weather that began in mid-August continues... for some South Island places, the current period of fine weather is quite rare. More>>

ALSO:

Get More From Scoop

 
 
Computer Power Plus

Standards New Zealand

Standards New Zealand

Mosh Social Media
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news