Gender equality in the workplace is a benefit in all its aspects, undoubtedly.
This day, more than any other day, belongs to women.
This year’s International Women’s Day is dedicated to focusing on innovative ways in which we can advance gender equality and the empowerment of women, particularly in the areas of social protection systems, access to public services and sustainable infrastructure.
The UK has improved slightly, rising from 14th to 13th position on the Women at Work Index that is published every year by PWC. Unfortunately, the country’s performance continues to be held back by a persistent gender pay gap.
Scotland tops the UK regional index with the South West and Wales in 2nd and 3rd place, respectively.
Here are some stats that prove the obvious; the positive impact of gender equality in our economy:
– The UK female labour force participation rate has increased from 69% to 74% when compared against 2000.
– Closing the gender pay gap in the UK would increase female earnings by £92 billion implying an increase of 20% of its current value.
– The UK has reduced its participation gap from 15% to 10% since 2000 but no improvements were made compared to last year.
– Increasing the female employment rate from 57% to that of Sweden (69%) results in gains of around 9% of UK GDP.