Blog

151 Years to Close the Gender Gap in America?
Christine Gannon • Mar 31, 2020

The latest Global Gender Gap report indicates that achieving gender parity will require 151 years in North America. 151 years? Yes, really, 151 years. This report has been produced annually since 2006 by the World Economic Forum.

Corporate Female Vector

If you factor in all the countries that have been tracked continuously in the report, the global gender gap will close in just 99.5 years. Guess what that means? North America is lagging way behind. Progress in North America has completely stalled! Just to let you know how others are doing Western Europe should be able to close their gap in just 54 years.  When I ask people where they think the US is in terms of the gender gap, most people say, “We must be up there, the top 10 for sure!” Try #53, we dropped two positions from last year. Let’s look at a comparison of how just a few countries have changed over time. The US had been faring all right until 2011, when the decline started. Then, since 2014, we seem to have been in a free fall dropping from a rank of #20 all the way down to #53. Contrast this with the performance of the United Kingdom (UK). They have only dropped from #9 to #21 over the past 14 years. If you want to see what can be done in terms of improvement, take a look at the performance of a country such as Costa Rica. They have gone from a ranking of #49 to a ranking of #13 over a short 5-year span.  Now, of course everyone wants to know the top 10 countries. Here they are.


SOURCE: HR.COM

A Solution for Gender Pay Parity?

By Christine Gannon • 08 Feb, 2022
This is a critical component to equity in the workplace for women. As women in the workforce, we have all experienced the challenges associated with knowing we have been paid unfairly and/or unequal. Last week, a recruiter shared on Linked In (now deleted) how she offered a female candidate $45K LESS than what the job paid, because she knew the woman would take the position. Pay transparency, while it may bring different and new hurdles, will offer a pathway to pay equity for women in the workplace. #payequity#womeninbusiness#femalequity#closethegap Caroline Fairchild this week for Linked In writes, "A new report tracking wages and productivity of almost 100,000 U.S. academics across eight U.S. states over two decades has found that pay transparency significantly reduces pay inequality among men and women. If adopted at a wider scale, pay transparency could reduce the gender pay gap by as much as 40% after adjusting the wages for those who are underpaid." https://www.linkedin.com/news/story/a-solution-for-the-gender-pay-gap-5240308/

The Year 2020 Was Meant to Be One of Celebration and Commemoration. Then the Pandemic Came.

By Christine Gannon • 30 Apr, 2020
By Alisha Haridasani Gupta — New York Times

Only 3% of Business Investment Goes to Women, and That’s a Problem for Everyone

By Christine Gannon • 16 Apr, 2020
Women represent 40% off all entrepreneurs in the country they only receive 2% of investment funding. That's a problem for everyone.  A 2020 Crunchbase report shows that even if we combined VC investment in female-founded and mixed co-founded companies in 2019, it still amounts to only 9 percent of all investment. Considering women represent over 40 percent of all entrepreneurs in the country, and plenty of statistics showing that women significantly outperform men in business, a lot more needs to be done. Everything we know about business tells us that more investment in women means more than innovation and reach in an industry, it also provides economic growth and social benefit for the nation. After all, who better to cater to the female half of the world’s population than women? And women, by the way, make 80 percent of purchasing decisions in the home in the U.S. Morgan Stanley estimates that investors are missing out on businesses worth $4 trillion in revenue annually by not investing in more female- and minority-led enterprises. We can’t continue to talk about investment in women as a pipeline issue; the talent is there, as are the organizations connecting them to VCs. Any investor who says they can’t find female entrepreneurs probably isn’t trying hard enough. #femaleequityhashtag #femaleentrepreneurhashtag #femalefoundershashtag #vcfundinghashtag #startupfunding
More Posts
Share by: