March 07, 2023
Gender equity is an ongoing issue in the UK and women continue to face barriers in the workplace and in society as a whole.
According to the Office for National Statistics (ONS), the gender pay gap in the UK currently stands at 15.5%, with women earning less than men on average. In addition, women are underrepresented in leadership positions, with only 34% of board members in FTSE 100 companies being women.
Gender inequality can manifest in various ways, including the gender pay gap, lack of representation in leadership positions and gender-based discrimination.
But despite a more challenging economic environment last year, more than 150,000 new companies were founded by women according to the Rose Review Progress Report 2023. Since the launch of the Rose Review in 2019, there are more than twice as many female-led business incorporations.
It also noted that £250 billion could be added to the UK economy if women in the UK matched men in starting and scaling businesses. It’s important to acknowledge that gender equity is not just a women’s issue – it affects everyone. It’s important to recognise that everyone has a role to play in creating a more equitable workplace.
One of the most important things that businesses can do is to recognise that gender biases exist and take active steps to address them. This can involve implementing policies and practices that promote equal opportunities for all employees, including gender-neutral recruitment practices, pay transparency, flexible working, leadership development and employee resource groups.
Gender equity is about creating a level playing field for men and women, where everyone has access to the same opportunities, resources and benefits. Achieving this requires a systemic approach that addresses the root causes of gender bias, and it’s the responsibility of individuals, organisations and governments to take action.
By addressing the gender pay gap, promoting women into leadership roles, encouraging flexible working, challenging gender stereotypes and creating inclusive workplace cultures, we can achieve gender equality in the UK. This will not only benefit women, but also contribute to a stronger and more prosperous society as a whole.
International Women’s Day affirms everyone’s commitment to redouble its efforts in promoting women’s rights, dignity and leadership.