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

 


BPW NZ Demands Equal Pay

BPW NZ Demands Equal Pay


The New Zealand Federation of Business and Professional Women (BPW NZ) challenges all New Zealanders to take off their blinkers and acknowledge that the gender pay gap is detrimental to NZ.

The Statistics NZ Income Survey for the June 2013 quarter shows clearly that women are still way behind in equal pay. The average weekly income from wages and salaries that in 2012 men earned $598 per week and women $383 (difference $215). In 2013, even though earnings increased the difference remained: men $932, women $717 (difference $215).

BPW NZ has calculated that the 20th February, is a Red Day for all working women, who have effectively worked from the 31 December until today to earn the same as their male counterparts.

“In real figures the financial disadvantage to women equates to $11,180 per year, and this is unacceptable,” says President Carolyn Savage.

“Over a five-year period, the disadvantage of pay inequality equates to $55,900 or 13% towards a deposit for a $400,000 home.”

“BPW NZ is concerned that the gender pay gap negatively impacts on potential financial growth of New Zealand through investment and therefore GDP.

“Research by Goldman Sachs suggests that reducing the gender pay gap increases the productivity of the economy and we all want that”, says Mrs Savage

“For the sake of our economy we call on the New Zealand Government and business leaders to implement change, to become world leaders and ensure women and men receive equal pay for work of equal value.”

“Now is the time for change.”

“With more money in the pockets of women and their families, then New Zealand wins and not just on the sports field!” says President Carolyn Savage

Ends

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Budget Policy Statement: Spending Wins Over Tax Cuts; Big Ticket Items Get Boost

Income tax cuts are on hold as the government says “responding to the earthquakes and reducing debt are currently of higher priority”, although election year tax sweeteners remain possible. More>>

ALSO:

Fishy: Is Whitebaiting Sustainable?

The whitebait fry - considered a delicacy by many - are the juveniles of five species of galaxiid, four of which are considered threatened or declining. The SMC asked freshwater experts for their views on the sustainability of the whitebait fishery and whether we're doing enough to monitor the five species of galaxiid that make up whitebait. More>>

ALSO:

Crown Accounts: Smaller-Than-Expected Four-Month Deficit

The New Zealand government's accounts recorded a smaller-than-forecast deficit in the first four months of the fiscal year on a higher-than-expected inflow of corporate and goods and services tax. More>>

ALSO:

On For Christmas: KiwiRail Ferries Back In Full Operation After Quake

KiwiRail’s Interislander ferries are back in full operation for the first time since the Kaikoura earthquake, with the railspan that allows rail wagons to be loaded on the Aratere now restored. More>>

ALSO:

Comerce Commission Investigation: Prosecutions Over Steel Mesh Labelling

Steel & Tube Holdings, along with two other companies, will be prosecuted by the Commerce Commission following the regulator's investigation into seismic steel mesh, while Fletcher Building's steel division has been given a warning. More>>

ALSO:

Wine: 20% Of Marlborough Storage Tanks Damaged By Quake

An estimated 20 percent of wine storage tanks in the Marlborough region, the country’s largest wine producing area, have been damaged by the impact of the recent Kaikoura earthquake. More>>

ALSO:

ACC: Levy Recommendations For 2017 – 2019 Period

• For car owners, a 13% reduction in the average Motor Vehicle levy • For businesses, a 10% reduction in the average Work levy, and changes to workplace safety incentive products • For employees, due to an increase in claims volumes and costs, a 3% increase in the Earners’ levy. More>>

Get More From Scoop

 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news