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Best Measures in Reducing the Gender Gap Around the World

Best Measures in Reducing the Gender Gap Around the World

To achieve gender equality throughout the world, there is still a great deal of work to be done.

According to the World Economic Forum's Global Gender Gap Report 2021, the amount of time it will take to close the gender gap increased by 36 years in just a single year. According to the report, which evaluates factors like economic participation and opportunity, educational attainment, health, and political empowerment, it will now likely take men and women 135.6 years to achieve parity.

Nevertheless, there are significant pockets of progress.

This selection of archive articles highlights how and where that progress has been made, and offers some strategies to help us keep addressing the imbalance.

Recognizing the issue

Finding a solution to a problem frequently starts with recognising it. UN Women's data visualisations from 2015–20 demonstrate how women are represented in various professions worldwide.

Invest in measures to assist women in returning to the workforce

The pandemic has disproportionately affected women, who are more likely to have quit their jobs or taken on unpaid domestic or caregiving responsibilities. To change this, governments will need to make investments in specific policies, such as enhancing parental leave or increasing the number of preschools.

More female role models

Diversity is good for business. More female role models and mentors can ensure greater representation, according to digital transparency firm Everledger.

Aim for the snowball effect

Companies with more women in leadership roles hire more women right across the board, according to data from LinkedIn. Being aware of unconscious bias and building strong internal pipelines for promotion will improve hiring rates for women in leadership positions.

Think about quotas

More women are participating in politics in Rwanda, which is a significant improvement. According to statistics from the Inter-Parliamentary Union, it has the highest proportion of women in parliament in the entire world. The use of quotas in many electoral systems that elect more women as legislators and members of parliament has been crucial in achieving this.

Create instruments for "unbanked" women in developing nations.

Women frequently lack access to insurance, credit options, and loans because they lack access to a formal bank account. It is important to keep these women in mind when developing new technology and products so that more low-income women can access financial services.

Review paternity leave policies

Some countries are taking great leaps on paternity leave. However, several wealthy nations are still failing to provide adequate government-supported leave, according to the United Nations Children's Fund, UNICEF.

Understand more about what motivates women

One explanation of the gender pay gap is that women tend to be less competitive than men in workplace settings. However, new research suggests that women are likely to be more competitive if they can share their winnings as they are often team players. More research in this field could help inform thinking about how best to close the gender pay gap.

Recognize the contribution that women make in helping colleagues.

McKinsey's Women in the Workplace 2021 report claims that women's extra efforts to support their coworkers are not taken into account. Women frequently step in to manage the inclusion or well-being of coworkers. But this work rarely receives praise or compensation.

Don’t always play safe

Global research indicates that businesses have resorted to hiring male CEOs as a result of the pandemic. Companies frequently choose leaders with a track record of success or CEO experience, a trend that favours men. Being aware of this will ensure that the advancements made prior to the pandemic are not undone.

The need for more legal rights for women

Women around the world only have three-quarters of the legal rights of men, on average, according to the World Bank. And fewer than half of the world’s countries have equal pay. A legal environment that encourages women’s economic inclusion will help make progress in many areas, including narrowing the gender pay gap.

Monitor violence against women

Violence against women and girls is “still so deeply embedded in cultures around the world that it is almost invisible”, according to a UN human rights expert. And the World Economic Forum’s Global Gender Gap Report 2020 found that between a fifth and nearly half of women globally suffer physical or sexual abuse from their male partners. The UN expert calls for countries to set up prevention bodies and monitor the violence rather than leaving this work to human rights or women’s groups.

Make diversity a priority for start-ups

Start-ups with a diverse workforce report almost 20% higher innovation revenues, or proceeds from recently launched products and services, according to the Boston Consulting Group. However, a separate report highlights that few start-ups are actively trying to increase diversity within their leadership teams.