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Socioeconomic Benefits of Women's Participation in the Workplace
When more women participate and succeed in the workplace, everyone benefits.
- Individuals and Families. Dual-earner households have access to diverse income sources, earning 83% more than single earner households, on average.
- Companies. Diverse leadership teams lead to a profitability increase of nine percentage points.
- Social Progress. Closing the gender gap on labor force participation has the potential to increase a given country’s GDP dramatically, up to 80%.
How We Help Advance Gender Inclusion and Equality
The data is compelling, and most corporate leaders now understand that companies must strive for diversity if they want to acquire and retain talent, build employee engagement, and improve business performance. But for all the programs and efforts under way, few have been successful in closing the gender gap in work participation. Understanding what to do—and how—to achieve gender parity poses a considerable challenge.
With so much at stake and so many obstacles to overcome, clients turn to BCG for our deep expertise in driving measurable change in gender diversity and inclusion.
Recruiting is the sole focus of many companies’ gender equality efforts. BCG can help widen this lens while also delivering results in the areas of employee retention, advancement, and leadership commitment to diversity and gender inclusion.
We achieve these critical goals by working alongside clients to identify the current state of gender equality at their organizations. After drawing a strategic roadmap, we help our clients stride toward a more inclusive future.
Our holistic approach focuses on five building blocks for improving and accelerating diversity and inclusion initiatives. Using our Diversity and Inclusion Assessment for Leadership (DIAL) tool we help our clients:
Understand the starting point
When it comes to gender inclusion, leaders’ beliefs don’t necessarily align with employee experiences. We uncover the truth.
Clarify the gaps
We gather detailed data and deploy advanced analytics to assess the problem and develop aspirations that will transform the organization.
Focus on inclusion
We help frontline leaders build and sustain diverse, inclusive organizational cultures.
Implement the right interventions
We draw on our extensive research to identify the most effective gender equality solutions, tailor them to the unique needs of each organization and workforce, and embed them in the business.
Track clear metrics
We arm our clients with the measurement tools they need to monitor and advance their progress toward greater gender equality in the workplace.
Our Insights on Gender Equality
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