14 Jan What is a gender parity accelerator, and how does it work?
- At today’s rate it will take 257 years to fully close the economic gender gap.
- The World Economic Forum’s Closing the Gender Gap Accelerator initiative is speeding up the process in 9 countries, with plans to expand.
- Accelerators target four key challenges: women’s labour force participation, women in leadership, equal pay, and providing women with the skills to succeed in the jobs of the future.
Why are women in some countries prevented from taking their place in the workforce? Why are females generally paid less than males for the same work, not promoted into leadership positions, or deprived of training that would equip them for the technical jobs of the future? The simple answer is… there is no simple answer.
While great strides have been made to increase gender equality in some parts of the world, at the current pace of change it could take 257 years to fully close the economic gender gap. But the World Economic Forum’s Closing the Gender Gap Accelerator initiative is speeding up the process in the countries it’s working with.
An accelerator promotes in-country public and private partnerships dedicated to advancing women’s economic empowerment and addressing obstacles to change. Accelerators are currently set up in Argentina, Colombia, Chile, Costa Rica, Dominican Republic, Panama and Peru in collaboration with the Inter-American Development Bank, and in France and to Egypt. The World Economic Forum is targeting to have 15 Accelerators by the end of 2020.
As the Forum’s Global Gender Gap Report 2020 is published, Elselot Hasselaar, Project Lead for the Closing the Gender Gap Accelerators at the Platform for Shaping the Future of the New Economy and Society, explains how the initiative is changing lives.
Why is gender parity so crucial?
It’s important to look at gender parity from two sides: social and economic.
Firstly, there is the moral imperative. Ensuring that women have the same opportunities as men is simply the right thing to do.
But there’s a clear business case for boosting the number of women taking part in the labour force, too, as more participation would lead to gains in GDP.
On a micro level too, evidence shows businesses that embrace gender diversity, particularly in leadership positions, are more profitable.
To find out more go to: https://www.weforum.org/agenda/2019/12/closing-gender-gap-accelerator/?utm_source=sfmc&utm_medium=email&utm_campaign=2709001_Agenda_weekly-FinalTemplate-3January2020-20200101_090548&utm_term=&emailType=Newsletter