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What is Workplace Gender Equality? Businesses are talking about Workplace Gender Equality (WGE)— What does it mean for me and my company? WGE exists when everyone, regardless of gender, can equally access and enjoy resources, opportunities and benefits to thrive and progress at all levels. A company committed to workplace gender equality holds itself accountable for implementing mechanisms that eliminate both direct and indirect discrimination and ensures an inclusive work environment and culture.
Workplace Gender Equality is good for business...
INFORMATION
COVID CUE Given proven benefits such as increased innovation and performance and the positive effect on reputation, businesses need to keep workplace gender equality top of mind—especially in a crisis. Ensure there are both women and men on crisis management teams and keep diversity a key part of your response and recovery strategy. Diverse companies are more resilient and better placed to manage both challenges and opportunities.
1st Attracts and retains the best talent
Increases innovation and group performance
Builds reputation, attracting investors and consumers
Reflects the marketplace
Prioritising Workplace Gender Equality impacts your bottom line • Improved business outcomes: 69% of companies in the Asia Pacific Region agree that Gender Diversity initiatives improve business outcomes (ILO, 2019) • Increased market value: an increase of 10% or more female representation on the boards of Australian publicly listed companies led to a 4.9% increase in company market value. This was worth $52.6 million USD for the average company (Cassells & Duncan, 2020) • Enhanced business performance: data from a survey of almost 22,000 firms from 91 countries suggested that a profitable firm where its leadership was 30% women could expect to add 15% to its profitability compared to a similar firm with no women leaders (Noland, Moran and Kotschwar, 2016) • Increased customer base: women make or influence 80% of buying decisions and control USD 20 trillion in global spending (UN High Level Panel on Women’s Economic Empowerment, 2017)
How to Promote Workplace Gender Equality? Workplace Gender Equality is good for business and good for the economy. Developing, implementing and monitoring effective WGE strategies are critical to creating an inclusive and prosperous workplace.
How to achieve WGE?
and consumers that WGE is a priority for your business.
• Measure WGE progress: use company data to monitor, evaluate and improve your WGE policies and practices.
• Aim for a balanced representation of women and men at all levels and monitor access to promotions and training opportunities.
• Prevent sexual harassment and discrimination—women and men should feel safe and respected.
• Provide flexible work arrangements and family leave for women and men.
Road Map for Workplace Gender Equality • Assess and analyse key employee data • Research WGE success stories • Identify areas for growth and improvement
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People recognise that it is time to hear different voices at the board level and management level.
• Mobilise your people • Engage mentors and experts • Strengthen WGE policy
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FIRST MYANMAR INVESTMENT PUBLIC CO., LTD
MARITIME COMMERCIAL JOINT STOCK BANK
member of
http://www.mbcgea.com/
• Any changes over time?
Who is support staff and who is in management/ leadership?
• Collect data on who is getting promoted. Are promotions correlated to leadership training?
• Sponsor, mentor and
promote women on your teams
• Take family leave, including
FOCUS ON CHANGE
• Implement WGE policy and practice • Monitor and assess progress • Celebrate success
It is beneficial to organisations to be aware of and take actions to address WGE to make sure we create a fair and equal workplace.
where women and men are in your company—who makes up entry-level, mid-level and C-suite?
BE A ROLE MODEL
• Support pay equity (equal pay for work of equal value).
DEVELOP EFFECTIVE STRATEGIES
Where are the women? Where are the men?
• Collect and monitor data on
• Lead change from the top: make it clear to employees, investors
UNDERSTAND WGE IN YOUR COMPANY
WHAT DATA TO MEASURE?
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The reason why the company is looking at WGE is to basically look into the future more and see sustainability by giving equal opportunity to everyone.
paternity leave
• Set clear WGE targets and
hold managers accountable for achieving them
• Lead a respectful workplace
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Inclusion and diversity are major sources and powerful multipliers of innovation.
SINTESA GROUP
ACCENTURE PHILIPPINES
member of
member of
member of
http://vbcwe.com/
http://www.ibcwe.id/
https://pbcwe.com.ph/