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 celebrating its first birthday after it was first launched on International Women’s Day in March 2017.
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) and the Australian Government Department of Education and Training.
The Financy Women’s Index is made possible with the support of fintech company OneVue.