GENDER DIVERSITY

WHAT IS GENDER DIVERSITY?
Gender Diversity most commonly refers to an equal ratio of men and women and frequently in the news we read stories about gender diversity in corporate boardrooms and other areas traditionally dominated by men

...AND IN A WORKPLACE?
Gender diversity in a work place means that men and women are hired at a similar and consistent rate, are paid equally and are given the same working opportunities with the same promotional opportunities

JUST FEW FACTS

Whilst women make up around 40% of the global workforce, only about 5% of those are in CEO and upper management positions and even then, annual salaries or men in similar positions are not equal. In fact, studies have suggested that women earn only 80% of what their male counterparts do

Some data..

WHY GD IN WORKPLACE?

• It can improve financial performance
• It broadens your customer base
• It improves problem-solving
• It helps with recruiting and retention company-wide
• It’s the law

1. It can improve financial performance

Research suggests that greater gender balance among corporate leaders correlates to higher stock values and greater profitability, that mixed-gender boards outperform all-male boards, and that hedge funds headed by women outperform hedge funds headed by men.
A global survey conducted by the Peterson Institute for International Economics shows that, of nearly 22,000 companies from 91 countries surveyed, organizations with women in at least 30 percent of leadership position improved profits by 6 percentage points over competitors with fewer or no women in leadership

2. It broadens your customer base

Females make up approximately 51 percent of the EU population. By recruiting, retaining and promoting more women at all levels of the company, you help your workforce to better understand the concerns, stressors and motivators of the total population your company serves.
Without diverse talent, it makes it harder for every company to keep up with the increasingly diverse customer base that exists today

3. It improves problem-solving

It’s now generally accepted that diverse teams are more creative and better at problem-solving. That’s simply because different types of people bring different perspectives and life experiences to the table. Like-mined people often have very similar ideas.

So, if you’ve got an under-performing team, take a look at whether that team is all female or all male – or even majority male or female. If it is, you may be able to improve results by mixing things up, gender-wise.

4. It helps with recruiting and retention company-wide

To be most effective, gender parity shouldn’t be limited to senior-level positions. In order to build a bench of talented, diverse team members, every company needs to cultivate gender diversity across the board in senior, mid- and lower-level positions. This can help a company to appear more welcoming to job candidates because it quietly signals that everyone’s work is valued and rewarded. With a tight labor market, all companies need every advantage it can get, and a commitment to workplace diversity can help in finding and keeping the best candidates

5. It’s the law

Directive 2006/54/EC of the European Parliament and of the Council of 5 July 2006 defines the implementation of the principle of equal opportunities and equal treatment of men and women in matters of employment and occupation

If a company isn’t making gender diversity a priority, it could be missing an opportunity to hire great employees and exposing your business to bad reputation

HOW TO IMPROVE GD?

• Talk about the value of diversity
• Cast a wider net to attract talents
• Rethink company's C&B as well as development programs
• Comprehensive transformation programs
• CEO commitment, cascading down to all management levels

...and now imagine what a truly inclusive company would look like in the future...

Unorthodox. Polymorphic. Empowered. Multifaceted. Meritocratic and fair. Caring and safe. Respectful. Balanced. Global and agile. Inventive.

...but above all definitely diverse...