In March, we celebrate the remarkable contributions of women, recognizing the profound impact of those who paved the way for today’s women and the ongoing efforts to create a better world for future generations. While significant strides have been made in gender equity, we must also acknowledge that there is still work to be done.
To overcome gender inequity, we must first address persisting gender inequities that still affect women in the workplace. A quintessential example of this is the gender pay gap, which, despite a gradual reduction, stands at 18% as of 2022. Projections indicate that at the current rate, this pay gap won’t close until 2088. The pay gap between men and women increases by over 18% once factors such as race, age, and sexuality are incorporated. However, the pay gap merely scratches the surface, as women encounter additional barriers when it comes to hiring and promotion. Rather than delving into every injustice, we would like to instead focus on highlighting the indisputable benefits of gender equity in the workplace.
Companies with higher gender diversity, particularly in leadership positions, exhibit a superior return, with profits surpassing their industry standards. Emphasizing the importance of diverse perspectives, we believe that a broader range of viewpoints enhances resilience, creativity, and problem-solving. Throughout history, women in the workplace have been instrumental in groundbreaking discoveries and innovations. Without their contributions, we might not have essential technologies like Wi-Fi, voice-activated systems, GPS, windshield wipers, the Human Genome Project, in vitro fertilization, or even the technology that got us to the moon. But often, remarkable women throughout history have gone uncredited. In the spirit of Hollywood dance icons Ginger Rogers and Fred Astaire, we must acknowledge that women execute each routine backward and in heels. Imagine what could be achieved with an even playing field.
Creating gender equity in the workplace begins with recognizing existing disparities. The National Labor Relations Act grants employees the right to discuss wages openly, fostering communication that is crucial for equity and a more inclusive corporate culture. Providing women with opportunities and platforms to showcase their skills, coupled with acknowledgment for their achievements, aids women in reaching higher positions. But equally importantly, we must acknowledge intersectionality, or the overlap of privilege and discrimination, recognizing that gender equity affects individuals disproportionately.
At ALD & Associates, this Women’s History Month theme of “Women Who Advocate for Diversity, Equity, and Inclusion” and the International Women’s Day theme of “Inspire Inclusion” resonate with us as a team. We envision global corporate cultures where differences are embraced as advantages, and every individual is duly acknowledged for their accomplishments. We work with our clients at a foundational level through policy, programs, and systems, helping to create a company and culture where diversity, equity, and inclusion are a given. We are working hard for a world of equal opportunity and we can’t wait to see what can be achieved once we’ve succeeded.
Sources:
https://leanin.org/women-in-the-workplace
https://professional.dce.harvard.edu/blog/why-gender-equity-in-the-workplace-is-good-for-business/
https://www.aauw.org/resources/research/simple-truth/
https://www.nlrb.gov/about-nlrb/rights-we-protect/your-rights/your-rights-to-discuss-wages
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