The Towards 2025: An Australian Government strategy to boost women’s workforce participation outlines the Turnbull Government’s roadmap to reduce the gender participation gap by 25 per cent by 2025.
Prime Minister Malcolm Turnbull, Federal Member for Wentworth, said getting more women engaged in work is an economic and social priority.
“Boosting women’s workforce participation is essential to raising living standards for women and families and securing Australia’s future prosperity. It has the potential to add up to $25 billion to the Australian economy,” Mr Turnbull said.
“The workforce gender participation gap is narrowing, but more work needs to be done if we are to achieve our target of reducing the gap by 25 per cent by 2025.”
The Towards 2025 strategy addresses the many factors critical to create the change needed to improve women’s workforce participation and economic independence.
Labour force figures released in June show that under the Coalition Government women’s employment is at a record high of 5.6 million.
The Minister for Employment and Minister for Women, Senator the Hon Michaelia Cash, said the Towards 2025 strategy incorporates many of the important practical initiatives outlined in the 2017–18 Budget, that will deliver significant outcomes for Australian women and the economy.
“The Turnbull Government’s historic investment of an additional $2.5 billion in child care and $430 million to support universal access to pre-school for all four year olds will encourage more than 230,000 families to return to work or increase their paid employment,” Minister Cash said.
An additional $263 million over the next four years will expand the ParentsNext pre-employment program, which helps parents of young children to plan and prepare for work by connecting them with services in their local community.
The Turnbull Government also committed $10 million over the next three years to the new Launch into Work program, which is due to begin later this year.
Towards 2025: An Australian Government strategy to boost women’s workforce participation is available at http://womensworkforceparticipation.pmc.gov.au