The Financy Women’s Index powered by Data Digger is a quarterly publication which was first launched on International Women’s Day 2017.
It is the only economic index that tracks the working-life progress of Australian women.
The latest June quarter Financy Women’s Index improved 0.7 percentage points to 109.9 points in the three months to June 30, 2017.
The result builds on the inaugural December Index as the number of women working full time surpassed 3 million for the first time on record, whilst the number of men in full-time work has flatlined at 5.2 million.
At the end of June, the female participation rate on a seasonally adjusted basis was 59.7%, a record.
The current level of females represented in top 20 ASX boards remains unchanged at 31% in the June quarter, with women occupying 61 board positions out of 197.
The national gender pay gap based on average weekly ordinary full-time earnings narrowed to 15.3%, which is the best result since 2006.
The Index also reaffirmed that the average superannuation balance of women, as measured across all life stages, continues to lag that of men and represents 70% of the average male balance.
A record number of women are also undertaking tertiary education with 52% of female student enrolments compared to 48% males.
The Index aggregates five years of data analysis from six key indicators; tertiary education outcomes, workforce participation, wage disparity, superannuation progress and company board representation.