Contributed article in our business series. Enjoy! – Kimberly
In honor of the recent National Women’s Equality Day, we’re taking a look at how to promote gender equality in the workplace.
Women have made so many strides in business over the past 50 years: they make up 47% of the workforce and are more likely than their male counterparts to have earned a bachelor’s degree by 29. Companies who invest in gender diversity see big economic returns, as companies who rank high in gender diversity categories are 15% more likely to outperform economic output averages.
Despite these accomplishments, the global wage gap will still take 108 years to close at the current rate and women in the US earn 79 cents for every dollar earned by a man.
In order for women to be achieve workplace equality, they must be granted equal opportunity, access to top decision-making positions, and equal pay. A recent study revealed that this is closer to reality than ever before: the number of female CEOS of Fortune 500 companies reached an all time high in 2019. Yet this high sees only 33 women leading top companies in the US – that’s just 6.6%.
For an organization to achieve gender equality, it needs to come from the top. Creating and cultivating an environment where women can work and thrive is a win-win for everyone. Discover 6 lessons from lady bosses and more tips for how your business can achieve gender equality with this visual created by Fundera.
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