Gender diversity is (also) good for business

With the inclusion of larger numbers of women in the workforce, global GDP could increase by £23 trillion in 2025

Gea Alessi
Gea Alessi NewsMavens, Europe
Gender diversity is (also) good for business - NewsMavens
Woman in office, PixaBay

Why this story matters:

Statistics show that companies which have a balanced number of female and male staff perform 15% better. To check on the situation in traditionally male-dominated sectors, packaging supplier firm Rajapack collected the experiences of 10 women in leadership positions. Whether in the field of engineering, construction or packaging, the result is always the same: more inclusion and equality benefits everyone.

What many of the interviewed women stressed is that in these industries there is a need for more positive role models. It will help in burying the stereotype of "women’s jobs" and "men’s jobs" and in encouraging young girls to pursue a career in sectors they might assume are "not for them".                                     

They also agree on the fact that progress towards gender diversity has indeed taken place, but slowly. Gender biases are still deeply-rooted in these sectors. Emma Porter, who is Head of Operations for Story Contracting, asserts that, no matter her 10 years’ experience, she has to reaffirm her abilities with every new team, or the risk of being patronized is likely to be high.  

“We need to make it clear just how widespread the problem is: major companies should publish precise figures about the exact proportion of women they have in their workforces." 

Says Naomi Climer, President of the Institution of Engineering and Technology (IET).   

Details from the story:

  • Firms with a higher number of women on their board of directors deliver a 36% better return on equity than those with fewer women
  • For 10% increase in gender diversity, earnings before interest and taxes (EBIT) rise by 3.5%, a UK study shows 
  • The founders of Rajapack itself are two women, Rachel Marcovici and Janine Rocher. The French company is now headed by Danièle, Rachel's daughter
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Project #Femfacts co-financed by European Commission Directorate-General for Communications Networks, Content and Technology as part of the Pilot Project – Media Literacy For All

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