The executive gender pay gap still favours men but has decreased slightly compared to 2023.
The median (middle point) gender pay gap is:
The mean (average) gender pay gap is:
Executive remuneration is the total remuneration package (TRP) given to executives. The TRP includes:
Read more about the Victorian Independent Remuneration Tribunal and executive remuneration.
In 2020, the Victorian Independent Remuneration Tribunal created remuneration bands for all public sector executives and public entity executives. The remuneration range within the bands are reviewed and updated every year.
The VPS executive remuneration bands in the table below are for the 2023 to 2024 financial year. They came into effect on 1 July 2023.
New VPS executive remuneration bands came into effect on 1 July 2024.
| Classification | Minimum total remuneration package (TRP) per annum ($) | Maximum total remuneration package (TRP) per annum ($) |
| SES 1 | 216,376 | 279,238 |
| SES 2 | 279,239 | 401,017 |
| SES 3 | 401,018 | 533,431 |
Between July 2023 and July 2024 median executive pay increased by:
These increases reflect an adjustment to public sector executive pay of 4% plus an extra $1,762 to $2,107 to cover changes to superannuation entitlements at 1 July 2023.
Decreases in the number of executives in the SES-1 and SES-2 bands, particularly in the Victorian Public Service, may also have contributed to the increase in the median executive remuneration.
Victorian Public Service median (middle point) executive pay at June 2024:
Public entity median (middle point) executive pay at June 2024:
Overall public sector median (middle point) executive pay at June 2024:
Industries with the highest median (middle point) executive gender pay gap include:
Using Victorian Public Service executives as an example, this is how we measure the pay gap:
So the pay gap for executives in the Victorian Public Service is 7.5%.
We only report the gender pay gap in a binary way (men and women) because the number of employees with self-described gender identity is currently too small to analyse.