Gender gap in workforce needs a multipronged approach

Subject

Workforce gender gap.

Significance

Globally, women remain much less likely to participate in the labour market than men. This is despite the dampening effect of low female labour force participation (LFP) on global GDP.

Impacts

• Investment in care industries would substantially increase women’s LFP.
• Flexible work that removes distortions against part-time work will enable firms to retain and cultivate female talent.
• Corporate pledges to achieve gender parity in their workforce exceed their policy initiatives.