The Financy Women’s Index powered by Data Digger is the country’s first and only Index which tracks and benchmarks the economic progress of Australian women on a quarterly basis.
The Index is now into its second year of reporting and is supported by an Advisory Committee, which includes AMP Capital’s Head of Investment Strategy and Chief Economist Shane Oliver, Australia and New Zealand Banking Group’s Senior Economist Joanne Masters, Deloitte Access Economics Partner Nicki Hutley, Melbourne Institute of Applied Economic and Social Research Professorial Research Fellow Roger Wilkins and Agenda Agency founder Heidi Sundin.
The Financy Women’s Index differs from other economic measures, such as official wages and jobs data, because it focuses on women, whereas most of the headline data reported in the mainstream press reflects an average for the Australian population, but these figures are skewed towards male outcomes as a result of a male dominated workforce.
The Index is designed to highlight trends among working women; from the courses they study once they leave high school, to what industries they work in, their earnings and savings in superannuation, through to those occupying top company board positions.
The Index also helps to cut through much of the noise reported around gender equality and pay gaps in the domestic economy.
The Index is based on over 700 annual company reports as well as monthly, quarterly, biannually, and two-yearly data and methodology from the Australian Bureau of Statistics (ABS), the Australian Securities Exchange (ASX), the Australian Tax Office (ATO) the Australian Government Department of Education and Training, and the Australian Institute of Company Directors (AICD).
The Financy Women’s Index is made possible with the support of fintech company OneVue and the Association of Financial Advisers as well as media partner Women’s Agenda and with support from Economic Security 4 Women.