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

 

Housing: Affordability Drops 14%, Driven By Auckland Prices

Housing affordability across New Zealand fell 14 percent in the year ending November 2014, with Auckland’s lack of affordability set to reach levels it hit during the height of the global financial crisis, according to the latest Massey University Home Affordability Report More>>

ALSO:

The Dry: Fonterra Drops Forecast Milk Volumes By 3.3 Percent

Fonterra Cooperative Group, the worlds largest dairy exporter, reduced its milk volume forecast for the 2014-2015 season by 3.3 per cent due to the impact of dry weather on production in recent weeks. More>>

ALSO:

Strike: Lyttelton Port Workers Vote To Escalate Dispute

Members of the Rail and Maritime Transport Union (RMTU) at Lyttelton Port today voted to escalate their industrial action. Around 200 RMTU members have been operating an overtime ban since 17 December and today they endorsed a series of full withdrawals of labour at the port. More>>

ALSO:

Scoop Business: NZ Dollar Falls To 3-Year Low As Investors Favour Greenback

The New Zealand dollar fell to its lowest in more than three years as investors sold euro and bought US dollars, weakening other currencies against the greenback. More>>

ALSO:

Scoop Business: NZ Govt Operating Deficit Smaller Than Expected

The New Zealand’s government’s operating deficit was smaller than expected in the first five months of the financial year as a clampdown on expenditure managed to offset a shortfall in the tax-take from last month’s forecast. More>>

ALSO:

0.8 Percent Annually:
NZ Inflation Falls Below RBNZ's Target

New Zealand's annual pace of inflation slowed to below the Reserve Bank's target band in the final three months of the year, giving governor Graeme Wheeler more room to keep the benchmark interest rate lower for longer.More>>

ALSO:

Get More From Scoop

 
 
Standards New Zealand

Standards New Zealand
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news