Many believe gender equity is a social issue; the economics tell us gender equity is an opportunity. Beyond the immediate social injustice, a lack of gender equity causes off spouts and cracks in the workforce pipeline where missed opportunities for potential investment in female employees leads instead to their departure, to a lower level of females in the labor force, and overall decreased levels of leveraging talented women. We have a leaky pipeline — one that costs the U.S. trillions of dollars. Businesses that fail to address this pipeline problem miss out on potential revenue, which constricts their economic footprint, and not only causes a shortage of female talent to get the job done but ultimately lost opportunity for growth and innovation.
Pay structures are under review at global businesses as compensation studies show troubling gaps in men’s and women’s pay. For companies striving to close the gaps and address the root causes of the issue, what tools and policies really work, and how do they ensure a level playing field in the future?Read More