With potential to boost profits by up to 20 per cent, a woman’s place is at work, says UN labour agency

ILO/Crozet M. Winnie Kakunta is in charge of SME development at the Community Relations department for Barrick Lumwana Mining. The company has partnered with the Zambia Green Jobs Programme led by the ILO, to build housing with local and green materials for its employees. (14 November 2015)

This article is brought to you in association with the United Nations.


Businesses perform better – sometimes by as much as 20 per cent – when they employ more women in top positions, UN labour experts said on Wednesday, warning nonetheless that most still pay lip-service to the idea of gender equality in the boardroom.

In a report covering 13,000 firms in 70 countries, the International Labour Organization (ILO) said that globally, around six in 10 agreed that gender diversity improved their business, with almost as many citing gains in creativity, innovation and reputation.

In terms of profits, almost three-quarters of companies that tracked gender diversity in management positions reported increases of between five and 20 per cent, while the majority saw 10 to 15 per cent growth.

In addition to higher profits, report author Jae-Hee Chang also underlined that having more women in the boardroom also led to more female managers at the entry, medium and senior level.

Despite these positive findings, less than a third of company boards globally have at least 30 per cent female participation – the “critical mass” where the positive effects on the bottom line of more women in senior management begin to kick in, according to ILO. “What happens at the very top leadership does trickle down,” she said. “It does have an association and connection to business performance.”

“It’s clear there are still fewer women in those type of (senior) roles than in the workforce as a whole, and the higher you go in the chain of command in a company… the less likely you are to find a woman”, said Deborah France-Massin, Director of the ILO Bureau for Employers’ Activities.

At a national level, the UN report also found a correlation between more female employees and increased production, based on data from 186 countries from 1991-2017.

“We expected to see a positive correlation between gender diversity and business success, but these results are eye-opening”, Ms. France-Massin explained. “When you consider the efforts companies make in other areas to get just an extra two or three per cent in profits, the significance is clear: companies should look at gender balance as a bottom line issue, not just a human resource issue.”

Despite the “conscious and unconscious bias” today that prevents women from being exposed to the full range of tasks in businesses that help to ensure career progression, there is some evidence that this discrimination is being addressed, Ms. France-Massin insisted.

This is in part owing to increased education levels that are gradually creating a larger number of talented girls everywhere, she said, before warning gender discrimination in the workplace was potentially a bigger problem than previously thought.

It “goes above and beyond the workplace,” she said. “Workplaces are a microcosm of the societies we are operating in and the culture we are born into. Companies can do so much, but it’s also about societal change and the role of women in society and the acceptance that as the workplace progresses, companies need talent to move forward, and some of those barriers that used to be there need breaking down even further.”

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

the European Sting Milestones

Featured Stings

These campaigners want to give a quarter of the UK back to nature

How to build a more resilient and inclusive global system

Stopping antimicrobial resistance would cost just USD 2 per person a year

2018 ‘terrifying’ for Yemenis but ultimately a ‘year for hope’ says UN Special Envoy

Why carbon capture could be the game-changer the world needs

‘Pioneering’ former Chilean President Michelle Bachelet officially appointed new UN human rights chief

These countries have the highest minimum wages

Here are three technology trends changing the way you travel

Tougher defence tools against unfair imports to protect EU jobs and industry

More than 3,400 classrooms damaged or destroyed by Cyclone Idai in Mozambique, says UN Children’s Fund

Is the European Banking Union an impossible task?

With potential to boost profits by up to 20 per cent, a woman’s place is at work, says UN labour agency

We had the hottest June ever this year – this is what happened around the world

The sad plight of fledging doctors

Germany and France only care about keeping their borrowing cheap

EU Commission – US hasten talks to avoid NGO reactions on free trade agreement

Euronest: delivering reforms is the best way forward for EU’s Eastern Partners

UNICEF urges ‘transformative shift’ in family-friendly work policies to reap ‘huge’ benefits

Google prepares to final EU judgement over Android antitrust case

Pollution could be harming every part of your body. Here’s how

‘We cannot lose momentum’ on the road to peace in Yemen, UN envoy warns

‘Do something’; UN relief chief urges Security Council action to stop the Syrian carnage unfolding ‘in front of your eyes’

Saudi Arabia: UN experts push for prompt release of women human rights defenders

Central Asia: the European Union matches political commitment with further concrete support

EU elections 2019: Trump’s share in the support of populism

UNICEF welcomes Bangladesh statement that Rohingya will not be forced to leave

Draghi, Letta: All Eurozone countries must be able to borrow like Germany

Will France vote for more or less Europe in the next presidential elections?

MI6 chief calls for espionage 4.0 in the era of the Fourth Industrial Revolution

CLIMATE CHANGE FOCUS: The fruits of sustainability and decent work

MWC 2016 LIVE: 5G to embrace unlicensed bands and Wi-Fi

Refugee crisis update: EU still lacks solidarity as Hungary and Slovakia refuse to accept EU Court’s decision

European Youth Forum welcomes steps towards raising awareness of youth rights by EU ministers

Quality Internships: Towards a Toolkit for Employers

Climate changes and the imminent public health crises

UN chief hails victory of ‘political will’ in historic Republic of North Macedonia accord

Commission sets moderate greenhouse gas reduction targets for 2030

A Sting Exclusive: “On the road to Japan-EU Economic Partnership Agreement”, by Ambassador Katakami of the Japanese Mission to the European Union

Technology can help us end the scourge of modern slavery. Here’s how

How a possible EU budget deficit affects the migration crisis

Parliament approves EU rules requiring life-saving technologies in vehicles

Sudan military committed to ‘ensuring stability’ and ‘peaceful transition’ says senior diplomat, as UN rights chief appeals for protesters’ rights to be upheld

Eurozone stuck in a high risk deflation area; Draghi expects further price plunge

Bureaucracy in the member states again the obstacle for long due strong European Hedge Funds

Austerity lovers to put a break on Renzi’s growth vision for Europe? the Sting reports live from World Economic Forum 2015 in Davos

Sweden gives all employees time off to be entrepreneurs

3 ways to nurture collaboration between universities and industry

On their epic journeys, migratory birds connect nations and inspire people, UN says on World Day

Syrian Government’s ‘different understanding’ of UN role, a ‘very serious challenge’ – Special Envoy

India m2m + iot Forum Hosts Successful 4th Editions of India Smart Cities Forum and India Smart Villages Forum

Embrace ‘people-centered multilateralism,’ UN-civil society forum urges

A Sting Exclusive: Paris Climate Change Summit, a defining moment for humanity, by Ulf Björnholm Head of UNEP Brussels

Antibiotics are contaminating the world’s rivers

Learn from the margin, not the center: digital innovation with social impact as transformative force bridging digital divide

Donor countries need to reform development finance to meet 2030 pledge

How the Middle East is suffering on the front lines of climate change

LGBTQI+ and medicine, in the Land of the Pure

Bram in Colombia

UK must end ‘unlawful’ administration of Chagos Archipelago ‘as rapidly as possible,’ top UN court rules

London is planting a giant bee corridor to boost insect numbers

This 12-year-old built an underwater robot to fight plastic pollution

How to create a world where healthcare is a right, not a luxury

Why we are using these custom-built drones to collect whale snot

More Stings?

Speak your Mind Here

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s