What will women s empowerment mean for men? Selected facts and figures to spark your thinking Prepared for the Women s Forum for the Economy and Society by PwC October 211
What will women s empowerment mean for men? Have your say For the first time, the Women s Forum for the Economy and Society in association with CNBC Creative Solutions and PwC will stage a consultation to capture your views on the question, What will women s empowerment mean for men? We ve selected some interesting facts and figures to spark your thinking on this topic. Take a look and then have your say at www.womeninbusiness.cnbc.com
European men are shifting to part-time work faster than European women EU15 employment EU15 employment, age 15-74 (1=year1995) 2 18 16 14 12 1 Male part-time Female part-time Female full-time Male full-time 8 1995 1996 1997 1998 1999 2 21 22 23 24 25 26 27 28 29 Source: Eurostat (21)
Just 2.8% of Fortune 5 CEOs are women Gender gap in the executive pipeline Percentage of positions held by women, 21 5% 4 3 2 1 Management, professional and related occupations, all US Boards of directors Executive officers Fortune 5 (US) Top-earners CEOs Source: Catalyst (211)
The percentage of Fortune 5 executives who are women has plateaued since 22 Women in corporate office positions 2% Percentage of Fortune 5 (US) corporate officers who are women 15 1 5 1995 1996 1997 1998 1999 2 21 22 23 24 25 26 27 28 Source: Catalyst (21)
Gender imbalances are more pronounced at senior levels of management in Asia Women in Asia s workforce 5% All occupations Senior officials and managers Women as share of workforce, average for 2-8 4 3 2 1 South Asia South-East Asia East Asia Developed regions Note: Developed region includes North America, Western Europe, Japan and Oceania. Source: United Nations Millennium Development Report 21
Firms with more women in leadership positions outperform non-diverse firms Executive committee diversity and performance 25% 2 Top quartile in sector on female share of executive committee No women on executive committee ROE/EBIT margin 15 1 5 Return on equity, 27-9 Average EBIT margin, 27-9 Source: McKinsey (21)
Wage gaps emerge as women advance UK executive wages Difference in female and male wages or UK executives, 211 (percentage of male wages) 4% 2-2 -4-6 -8 Junior executive More senior Team leader Function head Director Source: UK Chartered Management Institute (211)
Start-ups create jobs in the US, but are more likely to be male-owned Job creation and entrepreneurship in the US Cumulative jobs created/lost in the US, 2-5 (millions) 2 15 1 5 Owned solely or primarily by women Owned solely or primarly by men 5% 4 3 2 1 Percentage of start-ups that have employees other than the founder, US Start-ups Existing firms -5-1 Source: Kaufman Foundation (21 and 211)
More gender equity leads to happier populations Gender gap and life satisfaction 9 Life Satisfaction Index, 25 More satisfied 8 US Saudi Arabia Sweden France 7 China 6 5 Yemen India 4 3 Tanzania 2.4.5.6.7.8.9 More equal Gender Gap Index, 26 Source: World Economic Forum (21); Happy Planet Index (211)
Gender gaps in labour force participation have narrowed in emerging markets Labour force participation by region Men 1% Women Labour force participation 8 6 4 2 198 29 World 198 29 198 29 198 29 198 29 198 29 Developed countries East Asia/Pacific Sub-Saharan Africa South Asia Latin America Source: World Development indicators (211)
Companies in developing regions are addressing their gender-related practices CEOs who plan to change their policies to attract and retain more women Percentage of CEOs who plan some change or significant change to their policies to attract and retain more women in the next 12 months 6% 5 4 3 2 1 Central and Eastern Europe North America Western Europe Asia Pacific Africa Latin America Middle East Source: PwC 14th Annual Global CEO Survey (211)
What will women s empowerment mean for men? Fathers in dual-earner coupled feel significantly greater work-life conflict than mothers, and this level of conflict has risen steadily and relatively rapidly Source: Boston College Center for Work and Family (211) There s little correlation between a group s intelligence and the IQ of its members. But if a group includes more women its collective intelligence rises. Source: Harvard Business Review (211)
What will women s empowerment mean for men? For the US to raise female employment levels to male employment levels would raise GDP by 7-9 percentage points; for continental Europe by 9 percentage points; for Japan by 16 percentage points. And for many developing economies the gains would be even bigger than that. Source: PwC, The Gender Gap: Challenges, opportunities and the future (28)
What will women s empowerment mean for men? Female pathways to greater empowerment include a broader range of factors, largely dependent on the ability to make decision, be free of violence, and participate in social networks. Male pathways are much narrower and dominated by the economy and the existence of and access to jobs. Source: World Development Report 212
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