why employ only women?
Only 14.6 percent of executive officers, 8.1 percent of top earners, and 4.6 percent of Fortune 500 CEOs are women. At this rate, women won’t achieve leadership parity until 2085.
Women are underrepresented in the highest levels of leadership because they are being forced out by dated workplace cultures
African-American women earn 64 cents and Latina women earn 56 cents for every dollar earned by a Caucasian man
Women’s equality in the labor force would add $12 trillion to the global GDP by 2025
Of the 30% of women who drop out of the workforce, 70% would have stayed if they
had workplace flexibility. This amounts to 6.6 million women
Age discrimination in the workplace starts earlier for women and never relents
90% of companies report that gender diversity is a high priority but only 52% of employees think their company is highly committed and doing what it takes to improve gender diversity
50 percent of men think women are well represented in leadership in companies where only one in ten senior leaders is a woman
For every 10 percent increase in women working, there’s a 5 percent increase in wages
Sources: https://www.forbes.com/sites/ellevate/2014/08/25/lead-like-a-girl-how-to-empower-women-at-every-level/#6041e59e6714; McKinsey Global Institute September 2015; https://obamawhitehouse.archives.gov/the-press-office/2012/06/04/fact-sheet-fighting-equal-pay-and-paycheck-fairness-act; Bain & Company, 2016; https://www.nytimes.com/2016/09/04/opinion/sunday/youre-how-old-well-be-in-touch.html?mcubz=0&_r=0; https://www.bain.com/insights/the-power-of-flexibility; https://www.mckinsey.com/featured-insights/gender-equality/women-in-the-workplace-2017; https://hbr.org/2018/01/when-more-women-join-the-workforce-wages-rise-including-for-men