WOB Vacancy Board hits record high in 2023

5/02/2024

The Women on Boards Vacancy Board hit a record high in 2023 with more than 3,150 roles on offer to WOB members. 

 

The annual WOB vacancies review shows that the number of roles posted to the Vacancy Board was up by 220 or 7.5% compared with 2022. Paid board roles available to members in 2023 rose to a record 2,223 or 70.5% of the total vacancy board postings.  

2023 at a glance

Of the 3151 board positions posted, remuneration was as follows:

  • 2223 (70.5%) were paid roles
  • 471 (15%) attracted expenses
  • 457 (14.5%) were unpaid


The comparison with previous years is shown in the table and graph below.
 

 

2018

2019

2021

2022

2023

% change
2022 - 2023 

Total number of positions posted 

2561

2519

2960

2931

3151

7.5%

% of vacancies paying director fees
/ other payment types 

59%

65.7%

67.2%

69%

70.5%

(2,223)

1.5%

% of vacancies paying expenses

22%

16.6%

14.5%

16%

15%

(471)

- 1.0%

% vacancies unpaid

19%

17.7%

18.2%

15%

14.5%
(457)

- 0.05%

 

NZ boards 

New Zealand based opportunities featured regularly on the WOB Jobs Board in 2023.  This reflects the growing number of NZ-based WOB members and that NZ boards are often open to non-NZ residents.  Remember, Auckland is closer to the east coast of Australia than Perth! NZ postings in 2023 were up 10% on 2022.

Paid roles attract more eyeballs

The analysis shows that on the WOB Vacancy Board, roles advertised as paid received the most interest. Next in popularity in 2023 are roles offering expenses which attracted more attention than in 2022.  This is followed by roles offering ‘other payment type’ and ‘committee fees’.

Unpaid roles attract less than half the eyeballs of paid directorships which the index below (where paid directorships are scaled to 100) shows:
 

Remuneration 

Relative views per role type 2023

Relative views per role type 2022

Paid directorships 

100

100

Expenses 

72

55

Other payment type

59

63

Committee fees 

50

75

Contract appointments 

45

50

Unpaid

38

40

Standard Plan 

307

NA

 

2023 top vacancies by view 

All of the vacancies below received more than 500 views, which is more than four times the average views for a paid role and nearly 10 times the average views for a Not For Profit role.

Of the 13 boards listed below, eight used the WOB Standard Plan to attract more eyeballs and applicants.  WOB research shows that a Standard Plan will deliver more than three times the views of a paid directorship role.

 

Vacancy ID

 Board 

Remuneration 

Sector

30513

Australasian Centre for Corporate Responsibility

Paid

Association

30825*

Prime Financial Group Limited (ASX:PFG)

Paid

ASX listed 

30245

Commonwealth Government Business Enterprises 

Paid

Government 

30103*

Ridley (ASX: RIC) Leading Animal Nutrition

Paid

ASX listed 

29653*

Coraggio

Paid

Public unlisted 

30219

Cambridge Bio Ltd

Paid

Private company

30812

Indigenous Business Australia

Paid

Government 

31480

AANA

Paid 

Association

29291

AHPRA National Boards

Paid

Government 

30904*

Neami National via People for Purpose

Paid

NFP

29120*

MS Plus

Expenses

NFP

31224*

Reflections Holiday Parks 

Paid 

Government 

31095*

Brainwave Australia

Expenses 

NFP

 

Benefits of using a WOB Standard Plan

Standard plans put the vacancy to the top of the jobs board and attract an expert review of the role to ensure it will attract quality applicants. Some vacancy postings are of a good quality while some need considerable ‘renovation’   A poor quality posting will attract very few applications. 

Members of the WOB network are then given a heads up to the vacancy via a specific email alert.

What should I target?

In the government sector, most boards and committee roles are remunerated at some level, albeit at a lower per diem rate.  This enforces the WOB view that a government entity is a good place to look for roles for both the first time and more experienced directors. 

The trend towards an increasing number of Not For Profit organisations remunerating their directors reversed in 2023, with 5% fewer paying their directors. This may simply be that different NFP organisations posted roles in 2023 or other factors, such as rising costs faced by these organisations. More investigation is required. 

WOB is of the view that NFPs need to closely monitor their recruitment if they are to attract high quality board members. Lack of applicants or a lower standard of applicants may require a shift to paying board members, particularly for NFPs operating a large business.  

Remuneration for NFP directors can be done in a number of ways. 

  • director fees 
  • honorariums
  • contract payments, other payment types (eg allowances) or committee fees  
  • expenses which in some cases cover professional development. 

There is also the matter of reaping the rewards of the diversity dividend. For the NFP sector to continue to grow and innovate it needs to ensure a good balance of male and female board members. Women, who are often found in large numbers on unpaid NFP boards, cannot be expected to continually volunteer their expertise without some form of compensation. 

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