World: Business still not ‘gender friendly’

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A new report from the World Economic Forum (WEF) asserts that business still needs to do more to maximise the potential of female talent. In the US, 52% of employees are female while the same figure is just 23% in India. With 600 of the world’s largest companies being included in the study, just 5% had a female CEO, with Finland, Norway, Turkey, Italy and Brazil having the highest percentage of women CEOs. According to the report, while Norwegian legislation ensures that 40% of a public company’s board is female, in other countires women are found mostly in entry or mid-level posts.
The service sector, such as Financial Services and Insurance, Professional Services and the Media and Entertainment have the greatest number of women, with the automotive, mining and agricultural sectors having the fewest.
Most countries are attempting to address the gender pay gap, but 72% of those surveyed do not record differences in pay between the sexes. At the same time, 40% are trying to encourage women into the workforce through using targets, quotas or flexible working schemes for parents.

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