International Women’s Day in the workplace
Every year on March 8th worldwide, we honour women’s social, economic, cultural, and political accomplishments!
Since it was initially celebrated in 1909, International Women’s Day has advanced equal rights, including suffrage for women. Whilst we have come a long way toward gender equality, more work must be done to attain gender parity in the workplace.
As importantly, the day serves as a plea for gender equality – the common sense idea that people of all genders should be guaranteed equal access to opportunities – and different gender parity. The latter calls for us first to address the factors contributing to gender disparity and the steps we can take to establish or maintain gender-inclusive workplaces.
Inclusivity and workplace barriers
There are numerous obstacles that women may confront in the job that prevent them from achieving the same success as males. For instance, even though more women work in occupations similar to their male coworkers and perform excellently, many may be paid differently than their male counterparts.
A 2017 report by the World Economic Forum said it could still take another 100 years before the global equality gap between men and women disappears entirely. McKinsey and Company estimated that if more women could fully participate in paid work and earn equal pay, that could add $28 trillion to the global gross domestic product (GDP). Meanwhile, esearch consistently shows that businesses with greater gender diversity also experience higher productivity levels, better decision-making, growth and innovation, and happy employees and customers.
Women in the workplace in numbers
• 3% in 2022 was the rise in the proportion of women on FTSE 350 boards, reaching 40.2% as of Jan 2023 (FTSE Women Leaders, 2023)
• 14.9% is where the pay gap for all employees currently stands in the UK. This pay gap means that working women must wait 54 days of the year compared to the average man in paid employment (Trades Union Congress, 2023)
• 38% is the income gap between men and women in retirement in the UK (Unison)
What can your business do to support the cause?
To celebrate International Women’s Day and support females and colleagues during this event, your businesses can:
• Take action to make workplaces more gender equal, e.g. reviewing policies to ensure they are as gender inclusive as possible.
• Host webinars about International Women’s Day to celebrate the success of the women in your organisation, including highlighting female role models who have contributed to the organisation’s success.
• Promote the visibility of female colleagues within the organisation by inviting them to share their experiences and successes at meetings, events or webinars.
• Share LGBT+ resources with your colleagues to deepen their understanding of what gender parity and equality is and what they can do to support it.
• Communicate with your Marketing and Comms team to plan how the organisation will inclusively promote International Women’s Day. At LWM, we proudly celebrate women and work dally and work towards building a fully inclusive workplace.
Businesses grow fast when they are inclusive. LWM solutions can help your organisation by nurturing the wellbeing of your workforce, regardless of gender, through our affordable and inclusive employee wellbeing program. Our all-inclusive offer of wellbeing and lifestyle benefits is designed to help employees with different needs thrive and your business grow.