Australia has a very real issue in gender pay gap and the impact it has on women in retirement. In November last year the Workplace Gender Equality Agency (WGEA) released Australia s Gender Equality Scorecard and it wasn t pretty. The WGEA scorecard showed that full-time working women earn a base salary that is about 18% less and a total remuneration that is more than 22% less than full-time working men. This equates to a significant gender pay gap with men taking home more http://kkflipkart.angelfire.com/ than 26 000 on average per year than women. Add that up over a working lifetime and the figures are rather scary. Indeed the pay gap translates into superannuation and retirement savings with women retiring with almost half as much in superannuation than men leaving them at much greater risk of poverty and homelessness. A report released last year by the Association of Superannuation Funds of Australia (ASFA) showed that average superannuation balances at the time of retirement (assumed to be age 60 to 64) in 2015-2016 were 270 710 for men and 157 050 for women a difference of about 114 000. And while these figures are up on the previous two years figures they fall well short of the 545 000 as per ASFA guidelines needed for a comfortable retirement for a single person. It is estimated that more than 40% of older single women live in poverty. How much longer do we allow this to continue when we know the data and the statistics? asks Sandra Buckley Executive Officer at national advocacy group Women In Super. Buckley also points to statistics which show that the fastest growing cohort of homeless people is older single women and that women are more dependent on the Age Pension than men. Clearly the superannuation picture is looking anything but super for women. Given that women also live longer than men on average it is imperative that women have enough money to retire on comfortably. That means earning equal pay among other things. And it s not just an issue for women but society as a whole and the economy. After all improving the financial security of women in retirement reduces women s fiscal reliance on the government partners and other family members. The national gender pay gap has hovered between 15% and 19% for the past two decades. It s not new so why in 2018 are women still in this bleak financial situation? Industry Super Australia s head of consumer advocacy Sarah Saunders says the factors are complex and there is no silver bullet. Superannuation is earnings-linked and women comprise two-thirds of Australia s army of unpaid carers. Time out of the workforce to care for children ageing parents and then later grandkids has a big impact on retirement savings says Saunders. That many traditional female-dominated industries such as nursing and teaching are undervalued and paid less than more traditional male-dominated industries is also an issue. Largely this comes back to the fact that culturally we don t value the work women do as highly as we value the work men do. WGEA spokesperson Jackie Woods agrees: It seems to be very common in Australia that we have the male breadwinner model where the woman takes the more secondary earning role and is more likely to work part-time. While we don t have to always see this in negative way as a lot of women want to spend time with their children when they are young and want to structure their working life in a way that allows them to have time at home. The issue is that there is a very big financial cost that comes with this this is what needs to be addressed. As well as women s disproportionate share of unpaid caring and domestic work WGEA cites a number of other factors that contribute to the gender pay gap including discrimination and bias under-representation in senior roles lack of workplace flexibility and greater time out of the workforce. It s also due to the different jobs that men and women gravitate towards we call it industry and occupation segregation says Jackie Woods WGEA spokesperson. Our most male-dominated industry is mining while health care and social assistance is female-dominated. You can guess which attracts much higher pay not health care. Also when we look at occupational categories men dominate manager and senior manager ranks which is where we see really big pay gaps. Australia does have quite a highly segregated workforce in terms of industries and occupations that women and men go into. How we break down that segregation is an important part of this conversation. Woods also points out that the data and statistics above are based on full-time employees and women currently make up more than 71% of all part-time employees. The current superannuation system assumes a 40-year continuous work history to accumulate sufficient funds to live comfortably in retirement she says. However this is more often the experience of men rather than women who take breaks from paid work to have children and take on unpaid caring roles for sick and elderly family members. As a result women are much more likely than men to be working part-time and casually and that really has a double knock-on effect because to get that flexibility of part-time hours women are often taking on a role that s lower than their skills and experience are suitable for. It s also usually lower paid and means they re earning less money for which they can accrue superannuation. One obvious step for government here says Saunders is to scrap the 450 monthly earnings threshold which ASFA estimates sees 220 000 women working casual contract or part-time jobs miss out on super. The rapid rise of the gig economy has pretty much rendered the threshold obsolete already says Saunders. Removing it entirely will allow women working reduced hours to build a bit more superannuation while future-proofing the system as a whole . The growing concern around gender pay gap and gender superannuation gap prompted the WGEA to submit a report along with possible solutions to the Senate Inquiry into Economic Security for Women in Retirement in November 2015. The submission noted that women are more likely to re-enter the workforce following retirement due to financial constraints are twice as likely as men to sell their house and move to lower cost accommodation because of financial circumstances in retirement and have a higher life expectancy than men worsening the impact of the retirement superannuation gap. The submission also included possible solutions to address the gender pay gap citing that employers can play a key role by providing women with access to the workforce incentives to encourage retention and opportunities to progress up the management pipeline. Our research suggests that this can be achieved through developing and implementing company-wide strategies and initiatives such as flexible working arrangements paid parental leave and making additional contributions to superannuation to reduce the gender pay gap. The good news is the shift in the financial landscape is starting to happen albeit slowly with a growing number of employers starting to focus on the issue of gender equality. More employers than ever are prioritising gender pay equity as a business imperative said Director Libby Lyons in WGEA s Australia s Gender Equality Scorecard. There has been a substantial increase in employers adopting targeted strategies to support gender equality in areas such as succession planning retention and promotion. More employers report having key performance indicators for managers linked to gender equality outcomes. Lyons went on to say that while this progress is positive there is still much more to be done to reach gender pay equality in Australia. For more information on Women and Superannuation click here
On the last night of a month of fashion weeks Hollywood decamped to Paris for the Louis Vuitton catwalk show. Emma Stone arrived fresh from the Oscars along with fellow actors Sienna Miller Michelle Williams and Jaden Smith. The clothes were quintessentially French said designer Nicolas Ghesquière after the show which repurposed the sculpture galleries of the Louvre as a catwalk. I looked back to the French women who surrounded me when I was growing up. The women who taught me to be the person I am today. There is a particularity to French women and this is quite a strict collection I think. This was a more traditional ladylike show than is typical of Ghesquière who in a stellar fashion career has pioneered an angular futuristic aesthetic. (One of his all-time greatest hits were shoes inspired by Lego; spring s Archlight a bulky jolie-laide dad sneaker is a new season sellout at 780.) Facebook Twitter Pinterest Photograph: Estrop/Getty Images Facebook Twitter Pinterest Photograph: Stephane Cardinale/Corbis via Getty Images First on to the catwalk was a black suit with pencil skirt and matching cropped jacket worn with an ivory blouse and black heels. As per old-school catwalk protocol suits for daytime were followed by a flou section of soft dresses and separates before the show ended with eveningwear. Ghesquière said he focused on real women because of the cultural shift around gender equality. It s a dialogue we have every day he said. This dialogue about women is really important when you work in fashion. Asked why this was expressed in a demure and ladylike aesthetic he responded that sometimes we think to empower a woman means putting trousers on her. The women I dress don t dress for men and they don t dress like men. They dress for themselves and like themselves . Catherine Deneuve whose controversial views on the #MeToo movement have been noted came backstage after the show to embrace Ghesquière. So important was this show to Ghesquière that he was one of the few major French designers missing from a dinner hosted by the country s president Emanuel Macron at the Élysée for luminaries of Paris fashion on Monday night. Facebook Twitter Pinterest Photograph: Stephane Cardinale/Corbis via Getty Images Facebook Twitter Pinterest Photograph: Stephane Cardinale/Corbis via Getty Images The dinner was a glamorous showpiece of Macron s business-friendly messaging promoting France to international entrepreneurs. Thom Browne the US designer who recently moved his show from New York to Paris was seated at the top table. The British designers Sarah Burton and Stella McCartney were also at the dinner. Ghesquière despite his absence from dinner has a well-placed ambassador at the court of Macron in the form of Brigitte Macron a devotee of Louis Vuitton who wore a cutaway brocade frock coat from the current collection to the dinner. (Anna Wintour wore Chanel.) The neat curve-hipped peplum jackets corset-style belts and ultra slim trousers at Vuitton s Paris show made for a more body conscious collection than has been seen on most catwalks this month. But it reinforced several trends that look set to dominate next season: black leather skirts and western styling which made an appearance on high-waisted tight trousers and wing-collared shirts. Topics Paris fashion week Fashion weeks Paris features Share on Facebook Share on Twitter Share via Email Share on LinkedIn Share on Pinterest Share on Google Share on WhatsApp Share on Messenger Reuse this content
BHUBANESWAR: Economic disparity is the root cause of the growing inequality between men and women said experts attending a panel discussion organised at Institute of Life Sciences (ILS) Bhubaneswar http://arfplying.over-blog.com/2018/02/how-t-play-and-use-arf-player.html on Wednesday on the eve of the International Women s Day. Experts like Ramadevi Women s University vice chancellor Padmja Mishra former Sambalpur University vice chancellor Priyamabda Mohanty social activist Namrata Chaddha and ILS director Ajay Parida called for concrete steps for empowering rural and urban women to make them self-confident and self-reliant. They also put emphasis on sensitization of both men and women in the society for varying roles and responsibilities of women in different profession. There are several encouraging examples of women achievers in all the fields those who have contributed immensely to the growth of society much more efforts are needed to replicate the success stories and make many more women empowered in the society. Investing in capacity enhancement skill and technology empowerment and motivational activities are truly essential for addressing gender inequality in the society said the panelists.
On the last night of a month of fashion weeks Hollywood decamped to Paris for the Louis Vuitton catwalk show. Emma Stone arrived fresh from the Oscars along with fellow actors Sienna Miller Michelle Williams and Jaden Smith. The clothes were quintessentially French said designer Nicolas Ghesquière after the show which repurposed the sculpture galleries of the Louvre as a catwalk. I looked back to the French women who surrounded me when I was growing up. The women who taught me to be the person I am today. There is a particularity to French women and this is quite a strict collection I think. This was a more traditional ladylike show than is typical of Ghesquière who in a stellar fashion career has pioneered an angular futuristic aesthetic. (One of his all-time greatest hits were shoes inspired by Lego; spring s Archlight a bulky jolie-laide dad sneaker is a new season sellout at 780.) Facebook Twitter Pinterest Photograph: Estrop/Getty Images Facebook Twitter Pinterest Photograph: Stephane Cardinale/Corbis via Getty Images First on to the catwalk was a black suit with pencil skirt and matching cropped jacket worn with an ivory blouse and black heels. As per old-school catwalk protocol suits for daytime were followed by a flou section of soft dresses and separates before the show ended with eveningwear. Ghesquière said he focused on real women because of the cultural shift around gender equality. It s a dialogue we have every day he said. This dialogue about women is really important when you work in fashion. Asked why this was expressed in a demure and ladylike aesthetic he responded that sometimes we think to empower a woman means putting trousers on her. The women I dress don t dress for men and they don t dress like men. They dress for themselves and like themselves . Catherine Deneuve whose controversial views on the #MeToo movement have been noted came backstage after the show to embrace Ghesquière. So important was this show to Ghesquière that he was one of the few major French designers missing from a dinner hosted by the country s president Emanuel Macron at the Élysée for luminaries of Paris fashion on Monday night. Facebook Twitter Pinterest Photograph: Stephane Cardinale/Corbis via Getty Images Facebook Twitter Pinterest Photograph: Stephane Cardinale/Corbis via Getty Images The dinner was a glamorous showpiece of Macron s business-friendly messaging promoting France to international entrepreneurs. Thom Browne the US designer who recently moved his show from New York to Paris was seated at the top table. The British designers Sarah Burton and Stella McCartney were also at the dinner. Ghesquière despite his absence from dinner has a well-placed ambassador at the court of Macron in the form of Brigitte Macron a devotee of Louis Vuitton who wore a cutaway brocade frock coat from the current collection to the dinner. (Anna Wintour wore Chanel.) The neat curve-hipped peplum jackets corset-style belts and ultra slim trousers at Vuitton s Paris show made for a more body conscious collection than has been seen on most catwalks this month. But it reinforced several trends that look set to dominate next season: black leather skirts and western styling which made an appearance on high-waisted tight trousers and wing-collared shirts. Topics Paris fashion week Fashion weeks Paris features Share on Facebook Share on Twitter Share via Email Share on LinkedIn Share on Pinterest Share on Google Share on WhatsApp Share on Messenger Reuse this content
BHUBANESWAR: Economic disparity is the root cause of the growing inequality between men and women said experts attending a panel discussion organised at Institute of Life Sciences (ILS) Bhubaneswar http://arfplying.over-blog.com/2018/02/how-t-play-and-use-arf-player.html on Wednesday on the eve of the International Women s Day. Experts like Ramadevi Women s University vice chancellor Padmja Mishra former Sambalpur University vice chancellor Priyamabda Mohanty social activist Namrata Chaddha and ILS director Ajay Parida called for concrete steps for empowering rural and urban women to make them self-confident and self-reliant. They also put emphasis on sensitization of both men and women in the society for varying roles and responsibilities of women in different profession. There are several encouraging examples of women achievers in all the fields those who have contributed immensely to the growth of society much more efforts are needed to replicate the success stories and make many more women empowered in the society. Investing in capacity enhancement skill and technology empowerment and motivational activities are truly essential for addressing gender inequality in the society said the panelists.