SYDNEY, March 2 (Xinhua) -- Female executives in Australia earn far less than their male counterparts, according to a study released on Thursday.
The study conducted by Curtin University shows that female bosses earn an average of 93,000 Australian dollars (71,000 U.S. dollars) less than men in similar roles, which translates to a 26.5 percent difference in their take home pay.
The figures also showed that while graduate entry jobs had a relatively small gap of 2.9 percent, that figure increased exponentially in higher paid graduate positions, with an 8 percent gap occurring in the highest 10 percent of graduate salary brackets.
However, women in some cases do earn more than men, with part-time women employees earning 7.8 percent more than males, but this gap is switched in the managerial ranks.
Alan Duncan, director of the Bankwest Curtin Economics Centre who authored the report, said the findings highlighted the need for more gender balance in the workforce.
"Gender segregation and lower pay in female-dominated organisations continue to drive poorer remuneration outcomes for women," Duncan said.
This gender imbalance, according to the report, results in the fact that workplaces with the fewest numbers of female executives have twice the wage gap between men and women, as organisations that have an equal share of women in senior roles.
Libby Lyons, director at the Workplace Gender Equality Agency, said more need to be done to change stereotypes about what kinds of work women and men "should" do, as the current methods aren't "serving us well."
"Currently, the concentration of women in particular industries is leading to poor gender equality outcomes," Lyons said.
"Diverse work teams lead to better workplace culture, greater innovation and improved performance."
The report was conducted by analysing reports issued by 12,000 companies during a period between April, 2015 and March, 2016, with 40 percent of the Australian workforce assessed.