There are issues around the cost of childcare, workforce flexibility, unfavourable penalty rates and a lot of jobs are structured around eight hour days in the office.
“These are the sorts of industries that many women go into but there are institutional barriers that prevent women from getting into the workplace,” Association of Superannuation Funds of Australia chief executive Pauline Vamos said.
“There are issues around the cost of childcare, workforce flexibility, unfavourable penalty rates and a lot of jobs are structured around eight hour days in the office.”
Ms Hutley is urging the Turnbull Government “to go beyond lip service of supporting gender diversity” and put in place genuine mechanism measured that support women in careers.
“We need to spend more time focusing on investments that give long term economic gains. Understanding how by supporting childcare now, that generates growth and also creates an environment where it becomes more normalised for women to be in the workforce whether they are mothers or not,” she said.
The private sector is also being encouraged to recognise the benefits in hiring more women after a new study by the Peterson Institute for International Economics found companies with women in executive leadership roles can see substantially better profits.
Ms Vamos adds while there has been lost of well-meaning programs, such as gender targets in big businesses and the Male Champions of Change, women are still battling the same attitudes.
“What’s happening is that a lot of women are saying it’s not worth it, I am going to do it myself and start my own business. I think because of this women could be the disrupters of corporate Australia,” Ms Vamos said.
Constraints with childcare and lack of workplace flexibility are two of the main reasons that Nicole Pedersen-McKinnon left a well-paying office job to become a financial educator, commentator and founder of themoneymentorway.com.