Women In Leadership Bring Better Business Performance – ILO Report

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Ghana like many other countries in the world is making significant progress towards gender equality in recent times, particularly in education, health and female workforce participation. However, there are still complex issues concerning male dominance that need to be addressed in order to step up efforts towards gender equality on all levels.

Workplace gender equality is achieved when people are able to access and enjoy the same rewards, resources, and opportunities regardless of gender. Achieving gender equality in the workplace is important not only because it is fair to do but it is also because it is linked to a country’s overall economic performance.

A compelling piece by the International Labour Organisation (ILO) titled ‘Women in Business and Management: The business case for change’ has revealed mind-blowing facts that show that women have become a force in the world of business.

According to the report, the beneficial effects of gender diversity begin to accrue when women hold 30% of senior management and leadership positions. However, almost 60% of organisations are unable to meet this target and as a result, struggle to reap the rewards.

The report surveyed almost 13,000 enterprises in 70 countries. These are some of the interesting findings from the report.

More than 57% of respondents agreed that gender diversity initiatives improved business outcomes.

Almost three-quarters of those companies that tracked gender diversity in their management reported profit increases of between 5 and 20%, with the majority seeing increases of between 10 and 15%.

More than 54% said they saw improvements in creativity, innovation, and openness and a similar proportion said effective gender inclusiveness enhanced their company’s reputation.

Jobberman’s Millennial vs the Workplace report also shows that 71.3% of respondents
voted that gender parity in the workplace is important and should be represented in leadership positions, pay gap, decision making etc.

The aim of gender equality in the workplace is to achieve broadly equal outcomes for women and men, not necessarily outcomes that are exactly the same for all. To achieve this requires:

  • Workplaces to provide equal pay for work of equal or comparable value
  • Removal of barriers to the full and equal participation of women in the workforce
  • Access to all occupations and industries, including leadership roles, regardless of gender; and
  • Elimination of discrimination on the basis of gender, particularly in relation to family and caring responsibilities.

This report highlights the need for more women to be continually empowered with more opportunities in order to reach their full potential.

How is your organisation ensuring gender balance in the workplace? Tell us in the comments section below.

Nelly Sadongo-Bawa
Social Media and Community Marketer at Jobberman Ghana || Blogger || Motivator || Radio host || "Knowledge is like a garden. If it is not cultivated, it cannot be harvested."