- United Nations International Labour Organisation (ILO) has released a report titled “Women in Business and Management: The business case for change”
- The report surveyed nearly 13,000 enterprises across 70 countries on assessing how gender diversity policies impact business outcomes.
- The report revealed that around 57% of companies agreed that increased gender diversity initiatives result in better business performance.
- The companies have said that they observed profit increases between 5 and 20%.The report says the positive impact of gender diversity initiatives start becoming evident when women occupy at least 30% of senior management and leadership positions.
- However, nearly 60% of companies don’t meet this mark.Additionally,in almost half of the companies surveyed, less than one in three of entry-level management recruits are women.
- The International Labour Organization (ILO) was founded in 1919 to promote social justice and thereby contribute to universal and lasting peace.The ILO is responsible for drawing up and overseeing international labour standards.
- It is the only tripartite United Nations agency that brings together representatives of governments, employers and workers to jointly shape policies and programmes promoting decent work for all.
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