Budget 2022-23: Creating pathways for women leaders

In its Budget 2022-23, the Federal Government has announced an additional funding of $40.4 million for a range of initiatives to support more women into senior roles and leadership positions.

This includes expanding the Future Women’s Jobs Academy to provide mentoring support and skills training to help women to transition into management and leadership positions.

This forms part of the Federal Government’s $482 million funding allocation to help women advance their careers and improve their economic security.

The 2022-23 Women’s Budget Statement also includes new measures to ensure women are even better equipped for the jobs of the future. This includes a funding of $56.2 million to assist women to transition into the industries such as technology and manufacturing, as well as to develop entrepreneurial skills.

“Under the Coalition, female workforce participation is at a record high and female unemployment is at its lowest level since 1974. But there is more to do… This budget, with more than $2 billion of measures to improve the safety, health and economic security of women is part of our plan for a stronger future,” treasurer Josh Frydenberg said at the recent Budget.

According to the Federal Government, of the 1.9 million jobs created since 2013, around 60 per cent were taken up by women, supported by policies implemented under this government. It added that women’s workforce participation is at a record high.

“The Government’s economic plan to boost female participation has seen more women in work, and a narrowing gender pay gap. The Government is committed to providing further choice and flexibility so families can manage work and care, as well as supporting more women to become entrepreneurs and develop leadership skills,” it said.

The Federal Government has also announced measures at the 2022-23 Budget enhancing Paid Parental Leave for working families to provide increased flexibility to manage work and care.

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