The latest results of MasterCard Worldwide Index of Women’s Advancement has found that women are bridging the gender inequality gap in the workforce.
The Index saw improvements in all four categories of: workforce participation, tertiary education, proportion of women in managerial roles and the number of women earning above the median income.
The Australian Index rose from 79.1 in 2008, to 96.1, ranking first in the Asia/Pacific region. (A score of 100 indicates total equality between the sexes).
There were modest increases in Australian women’s work force participation at 87 women per 100 men, and the proportion of women to men in managerial positions increased to 74 women per 100 men, up from 41 women on the previous year; while the number of women earning above the median income increased from 59 women per 100 men, to 92.
According to Michelle Pilot, vice-president, Marketing, MasterCard Worldwide, the positive results signal a change in societal expectations.
“The 2009 Index reveals the gap between perceptions of men and women when it comes to holding management positions and earning above median incomes is closing.”