‘Treating the floor like the ceiling’: Corporate Australia’s gender equity wins don’t add up
On paper, corporate Australia is showing signs of success on gender equity, but ask the average woman working for a small business if she is feeling the financial benefits, and the odds are she will say no.
We are witnessing a frustrating paradox where the latest Workplace Gender Equality Agency (WGEA) data shows the large-employer gender pay gap is improving and is down 13.1% to 12.7%, according to Dr **Leonora Risse** Associate Professor in Economics, Queensland University of Technology.
Yet, simultaneously, the Financy Women’s Index (FWX) has suffered its first significant setback in years, falling to 77.76 points – the lowest it has been since December 2023.
During this time, Australia has been more vocal and policy focused on gender equality. We have legislated superannuation on paid parental leave and climbed to 13th place on the World Economic Forum’s Global Gender Gap Report. But there is a growing disconnect between the accolades reported in boardrooms and the lived experiences of everyday women.
WGEA CEO Mary Wooldridge provided a reality check this week, noting that men remain nearly twice as likely as women to be in the highest-paid roles, while women still dominate the lowest-paid ones. Nationally, more than 50% of employers still have a gender pay gap larger than 11.2% in favour of men.
The FWX, which includes 8.5 million women of working age, many of whom for small businesses that fall outside the WGEA spotlight, tells an even harsher story.
In 2025, women effectively became the economy’s pressure valve, with a widening gender gap in underemployment as employers “hoarded” labour by reducing hours rather than axing them.
Nowhere is this disconnect more glaring than in the upper echelons of ASX-listed companies.
Female board positions on the ASX 200 fell to 37.6% in the December quarter, marking the lowest level since March 2025 (38.4%).
This backward step, which we have yet to fully recover from, is a concerning signal for corporate culture, occurring despite a “reported” surge in women investing nearly $12,000 in short courses with the Australian Institute of Company Directors to prove they are “ready.”
The talent is qualified, waiting, and exhausted.
Our findings show the Education sub-index has surpassed a record 93 points, driven by a surge of women also “levelling up” in high-earning fields like Information Technology and Engineering, where female enrolment growth is outpacing male.
Yet, despite this intellectual and financial investment, progress remains glacial.
A large portion of corporate Australia is settling for a “near enough is good enough” approach to its 40% targets, treating the floor like the ceiling. The 40:40:20 vision was never meant to be a cap on the opportunities of a growing pool of highly qualified women, yet the appointments have stalled.
To help Australia overcome this paradox, a company’s gender strategy must move beyond a policy tick-box mindset and if nothing else, address the “greedy jobs” and Motherhood bias that continues to disproportionately disadvantage women.
According to WGEA, discretionary payments, including bonuses and overtime, remain a primary driver of the gender pay gap. Workplace flexibility, even when it is promoted in job ads, is being penalised while long hours in the office are favoured.
It’s a dynamic that leaves women—who according to HILDA Data are performing 47 hours of unpaid work per week compared to 27 hours for men, in their peak parenting years—financially stranded.
With more legislative changes happening in 2026 requiring WGEA reporting employers to set and actually meet at least three gender equality targets, the time for passive reporting must end.
We must ensure real behavioural change is the result, because a narrowing pay gap in a CBD high-rise means nothing if it doesn’t translate to economic security for women on the ground.
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corporate australiagender pay gapwomen in business
by Bianca Hartge-Hazelman
8 hours ago
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