New data shows Gender Pay Gap within the contractor workforce

Following on from the Workplace Gender Equality Agency release of the gender pay gap within Australia recently, Talent has released insights on the gender pay gap within the contractor workforce.

The data was compiled using a sample of Talent’s Australian contracting workforce annualised gross earnings over a 3-year period.

The key trends that have been observed are:

• From period 1st of July 2023 – 29th of February 2024, the median monthly gross remuneration sat at +27.43% in favour of men.

• From period 1st of July 2023 – 29th of February 2024, the average monthly gross remuneration sat at +21 53% in favour of men.

• For period 1st of July 2022 – 30th June 2023, the average monthly gross remuneration for the following industries:

Financial services – 24.16% in favour of men. Professional services – 17.83% in favour of men. Tech – 26.48% in favour of men. Healthcare – 23.92% in favour of men.

Talent have observed different factors that impact the gender pay gap for contractors which include fewer women in STEM careers with enough on-thejob learning to fulfill business needs; career gaps for motherhood leading to fewer years’ experience as contractor rates are directly linked to years of experience.

Matthew Munson, Talent Managing Director NSW, commented on the findings, “To create true equality it’s crucial that we are highlighting the gender pay gap and educating leaders on why it matters.

Pay parity should be just as important to these leaders with their contractors as it is to their permanent employees.

Here at Talent, our vision is to empower people to build a better world of work for all, and this is just one factor of that."