Gender disparity, the sad truth of our society still exists, though we find a narrowing line between. Our society differentiates between the genders where males get an inappropriate edge. The studies show that about eight million female feticides occurred in the last ten years. These challenges have created a wall for the female population, but the ray of hope is the fact that people have started realizing and started to break the gender barriers.
Klaus Schwab, the WEF founder says that at the dawn of the 2020s, the goal of our global, national, and industry leaders must be to include fairer and inclusive economies. Still, the World Economic Forum’s global gender gap report 2020 finds that it would take more than two and half centuries for women to enjoy the same economic opportunities as that of men. On a sad note, there are 72 countries where women get barred from opening a bank account or obtain credit.
Gender disparity is a global issue and more work is needed to ensure real progress. The infographic by TopCHRO on ‘Is gender diversity keeping you up at night?’ throws light on the existing pay disparities between men and women from the same educational background and work profile.
In the opinion of Chatella Lynch, SVP and CHRO, McAfee, we can make space for innovation and creative thinking only when we make space for diverse voices.
The following numbers indicate the notable changes that occurred over the years.
- Representation of women in the C-suite positions: >24 percent
- Women at managerial positions:<5%
- Color discrimination (women):<5%
- Companies committed to gender diversity:>13pp
- Senior leaders’ accountability:>18pp
- Sponsorship for women candidates:>8 pp
- Women who felt that gender is the barrier for advancement: No change
- Microaggression toward women: No change
- Work flexibility (work from home benefits) :>30pp
- Employees in dual-career couples:>8pp
During the year 2019, women earned 79 cents for every $ man earned leaving behind their educational qualifications, positions, geographic location, seniority level or the years of experience they carry. However, the indigestible fact is that when they had the same education and qualification, women could make 98 cents only for every $ man earned.
About 18-19 percent of women belonging to class American Indian, Alaskans, African, Asian, Hispanic, Native Hawaiian and other pacific islander women, obliges that they receive less pay as compared to their male counterparts. Likewise, every 19 white women and 24 white men among hundreds of them agree that women get paid less.
In comparison to the year 2015, the year 2019 witnesses a strong commitment toward gender diversity with more organizations adding women to the C-suite positions (refer graph).
Let us move forward and see how to bridge the gender bias in the workplace.
Gender bias at the workplace: Bridging the Gap
- Establishment of evaluation criterion to make diverse hiring and promotion slates
- Provision for unconscious bias training for the evaluators
- Keeping women candidates in succession planning for succession planning
- Adding more women to the first level management position
When these strategies become real, women can have a better good night’s sleep.
Images source: Pexels