Report shows benefits for companies with gender balance, but mining sector is slow to act

“A lot of this comes from leadership, and setting the tone from the top should be an important starting point for change.”

According to the report, gender balance means at least 40 percent women and 40 percent men in the workforce; Industries such as mining, electricity, gas, water and waste, and construction score poorly in achieving this balance.

On the positive side, sectors such as agriculture, arts and entertainment, IT and telecommunications, accommodation and food, finance and insurance have all taken positive steps towards creating a better balance between 2021-22 and 2023-24.

Duncan said the report also shows that companies are more likely to increase gender equality in their overall workforce, but not in leadership roles.

“This again is particularly true in the resource sector and better measures need to be taken to address this imbalance,” he said.

“Organizations that invest in equity strategies not only close wage gaps but also create stronger, more resilient workforces.

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“In contrast, those who fail to act will continue to lose their talents and leadership lines will be eroded.”

Workplace Gender Equality Agency Australia chief executive Mary Wooldridge said every employer could secure the benefits of addressing gender equality by starting with a gender pay gap analysis.

“The evidence is clear that gender-balanced leadership teams not only support women, but also deliver stronger results by encouraging better decision-making, innovation and the capacity to overcome challenges,” Wooldridge said.

“By digging into the data and developing an approach that suits their specific workforce needs, employers can build a strong pipeline of talented leaders and help protect the long-term sustainability of their organizations.”

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