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

 

Interest Rates: Wheeler Hikes OCR To 3% On Inflationary Pressures, Eyes Kiwi

Reserve Bank governor Graeme Wheeler lifted the official cash rate for the second time in as many months, saying non-tradable inflationary pressures were "becoming apparent" in an economy that’s picking up pace and he's watching the impact of a strong kiwi dollar on import prices. More>>

ALSO:

Scoop Business: Equity Crowd Funding Carries Risks, High Failure Rate

Equity crowd funding, which became legal in New Zealand this month, comes with a high risk of failure based on figures showing existing forays into social capital have a success rate of less than 50 percent, one new entrant says. More>>

ALSO:

Scoop Business: NZ Migration Rises To 11-Year High In March

The country gained a seasonally adjusted 3,800 net new migrants in March, the most since February 2003, said Statistics New Zealand. A net 400 people left for Australia in March, down from 600 in February, according to seasonally adjusted figures. More>>

ALSO:

Hugh Pavletich: New Zealand’s Bubble Economy Is Vulnerable

The recent Forbes e-edition article by Jesse Colombo assesses the New Zealand economy “ 12 Reasons Why New Zealand's Economic Bubble Will End In Disaster ”, seems to have created quite a stir, creating extensive media coverage in New Zealand. More>>

ALSO:

Thursday Market Close: Genesis Debut Sparks Energy Rally

New Zealand stock rose after shares in the partially privatised Genesis Energy soared as much as 18 percent in its debut listing on the NZX, buoying other listed energy companies in the process. Meridian Energy, MightyRiverPower, Contact Energy and TrustPower paced gains. More>>

ALSO:

Power Outages, Roads Close: Easter Storm Moving Down Country

The NZ Transport Agency says storm conditions at the start of the Easter break are making driving hazardous in Auckland and Northland and it advises people extreme care is needed on the regions’ state highways and roads... More>>

ALSO:

Get More From Scoop

 
 
Computer Power Plus
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news