Gender equality - Social Change or Business Imperative
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Did You Know that according to a World Bank Study, around the world, countries are losing $172 trillion in wealth because of differences in lifetime earnings between women and men? This is proof enough that gender equality is not just a social or moral imperative, but also an economic necessity. The good news is that organizations are increasingly realizing that by including women in their workforce, they are not just gaining competitive advantage but also improving their profits. There are many arguments that exist for increasing the focus around closing the gender gap, but the most compelling is the growing body of research showing gender-diverse organizations are more successful across all metrics. Recent research indicates that Fortune 500 companies with at least three women on their board of directors increased sales by 42%, increased ROI by 66%, and experienced a ROE of 53%. A survey by Carnegie Mellon University found that teams with at least one female member had a ...