The importance of gender diversity in the workplace cannot be overstated. It is not only a laudable pursuit but also a good business sense. As per Gallup, hiring a demographically diverse workforce can increase a company’s financial success. Different ideas and innovation are encouraged in a varied and inclusive workplace, which improves performance, procedures, and production. Despite this, many businesses are yet to realise the benefits, either due to lack of awareness, or industry domination by one gender.
For example, developing nations dominate the lowest 20% of the Global Gender Gap Index in 2020, implying that women’s labor force participation remains low compared to men.
What does gender diversity mean?
It usually refers to a balanced gender ratio, although it can also apply to people of non-binary genders. Thus it can be defined as a fair representation of all genders at any workplace. It includes the following parameters:
- Everyone should feel safe to pursue the same job without any discrimination
- People across teams, even in different locations, should be able to collaborate freely
- The same level of fairness and respect for everyone
- Same access to education and training to everyone in the organization
As per Mckinsey report, since 2015, the progress towards gender equality has been marginal even though it is globally recognized that gender diversity is beneficial for an organization’s long-term growth….