Supporting women and women's health at work is not a "women's issue": it's a business priority - and a societal necessity.
A McKinsey report from 2020 that revealed that companies in the top quartile for gender diversity on their boards were 25% more likely to deliver above-average profitability than companies in the bottom quartile.
And there’s a link between women board directors and profitability, as corroborated by Women Count 2022, a study of FTSE350 companies by diversity consultancy, The Pipeline. It showed that corporations with more than a quarter of women on their executive committees realised a profit margin of 16% - more than 10 times higher than those with no female board members.
Currently though, there is an issue: with a 7.2% participation gap (PWC Women in Work); a 14% national gender pay gap (Hansard); 37% female board level representation (PWC Women in Work). Only one in four C-suite leaders is a woman, and only 1 in 20 is a woman of colour (Mckinsey, 2022).
That's why I'm speaking at the inaugural Women in Work Summit, on 26th September in London, talking about how we can help re-design and reinvigorate the workforce for a new world horizon. Alongside policy makers, HR practitioners, senior C-suite leaders and CEOs, I will be discussing what works, and what more can be done to support women's health.
The summit will be attended by senior business executives across all sectors, including leaders in HR and DEI who are keen to engage, learn and share tactics on inclusivity and supporting the health and well-being of all women. This one-day event will provide actionable tips, and share what to do and what not to do when implementing workforce policies.
Other speakers include:
Dame Sharon White: Chairman, The John Lewis Partnership
Mark Read: CEO, WPP Group
Alex Mahon: CEO, Channel 4
Pete Markey: CMO, Boots
Paul Pester: Chairman, Tandem Bank
Annaliese Dodds: Shadow secretary of state for women and equalities
Follow https://www.wiwsummit.com/ for more updates.