Gender inequality may cost corporations money…
Recent research suggests that women are generally absent from corporate leadership positions — nearly 60 percent of firms headquartered in 91 countries had no women on boards, as of 2014 — yet increasing gender-based workplace diversity could provide a significant pay-off.
In addition to lacking female board members, just over half of firms have no female executives at the C-suite level.
However, an analysis from the Peterson Institute for International Economics found that a change from having no female leaders to incorporating a 30 percent representation of women on boards and female executives is associated with a 15 percent increase in the net revenue margin.
For a summary of the report’s gender inequality in the workplace-related findings, view the “Is Gender Diversity Profitable?” press release; or access the full paper content for more information about the effect adding female executives and board members can have.
For examples of what some companies are doing to improve workplace diversity, read our blog post: