what will women's empowerment mean for men?
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We often talk about what women’s empowerment might mean for women - more opportunities and flexibility in the workplace, financial independence, and improved quality of life. But what will women’s empowerment mean for men? For husbands, fathers, sons? At PwC, we believe women’s empowerment means more choices for both women and men – choices which can have intensely positive ramifications for our social and economic fabric worldwide. We believe that if we can candidly answer this question, the final barriers to women permeating the top ranks in critical mass may begin to fall away. More: http://pwc.to/1ca9KRrTRANSCRIPT
What will women’s empowerment mean for men?Selected facts and figures to spark your thinking
Prepared for the Women’s Forum for the Economy and Society by PwC
October 2011
What will women’s empowerment mean for men? Have your say
For the first time, the Women’s Forum for the Economy and Society in association with CNBC Creative Solutions and PwC will stage a consultation to capture your views on the question, “What will women’s empowerment mean for men?”
We’ve selected some interesting facts and figures to spark your thinking on this topic. Take a look and then have your say at www.WomenInBusiness.CNBC.com
European men are shifting to part-time work faster than European women
EU15 employment
EU
15 e
mp
loym
ent,
ag
e 15
-74
(100
=ye
ar19
95)
1995
1996
1997
1998
2001
2002
2000
2007
2009
2008
2005
2006
2004
1999
2003
Male full-time
Male part-time
Female part-time
Female full-time
200
180
160
140
120
100
80
Source: Eurostat (2010) Prepared by PwC
Just 2.8% of Fortune 500 CEOs are women
Gender gap in the executive pipeline
50%
40
30
20
10
0Management,
professional and relatedoccupations, all US
Boards ofdirectors
CEOsTop-earnersExecutiveofficers
Fortune 500 (US)
Perc
enta
ge o
f pos
ition
s he
ld b
y w
omen
, 201
0
Source: Catalyst (2011) Prepared by PwC
The percentage of Fortune 500 executives who are women has plateaued since 2002
Women in corporate office positions
20%
15
10
5
0
Per
cent
age
of
Fort
une
500
(US
) co
rpo
rate
off
icer
s w
ho a
re w
om
en
1995 200319991996 1997 1998 2002 2005 20062004 2007 20082000 2001
Source: Catalyst (2010) Prepared by PwC
Gender imbalances are more pronounced at senior levels of management in Asia
Women in Asia’s workforce
All occupations
Senior officials and managers
Wo
men
as
shar
e o
f w
ork
forc
e,av
erag
e fo
r 20
00-0
8
50%
40
30
20
10
0South-East AsiaSouth Asia Developed regionsEast Asia
Source: United Nations Millennium Development Report 2010 Prepared by PwC
Note: Developed region includes North America, Western Europe, Japan and Oceania.
Executive committee diversity and performance
Top quartile in sector on female share of executive committee
No women on executivecommittee
Return on equity, 2007-09 Average EBIT margin, 2007-09
RO
E/EB
IT m
argi
n
25%
20
15
10
5
0
Source: McKinsey (2010) Prepared by PwC
Firms with more women in leadership positions outperform non-diverse firms
Wage gaps emerge as women advance
UK executive wages
4%
2
0
-2
-4
-6
-8
DirectorFunctionhead
Teamleader
Juniorexecutive
More senior
Diff
eren
ce in
fem
ale
and
mal
e w
ages
or
UK
exe
cuti
ves,
201
1 (p
erce
ntag
e of
mal
e w
ages
)
Source: UK Chartered Management Institute (2011) Prepared by PwC
Job creation and entrepreneurship in the US
20
15
10
5
0
-5
-10
Owned solely orprimarily by women
Cum
ulat
ive
job
s cr
eate
d/l
ost
in t
he U
S, 2
000-
05 (m
illio
ns) Existing firms
Start-upsPercentag
e of start-up
s that haveem
plo
yees other than the fo
under, U
S
50%
40
30
20
10
0Owned solely orprimarly by men
Source: Kaufman Foundation (2010 and 2011) Prepared by PwC
Start-ups create jobs in the US, but are more likely to be male-owned
More gender equity leads to happier populations
Gender gap and life satisfaction
SwedenUS
Tanzania
China
France
India
Saudi Arabia
Yemen
Life
Sat
isfa
ctio
n In
dex
, 200
5
Gender Gap Index, 2006
Mor
e sa
tisfie
d
More equal
2
3
4
5
6
7
8
9
0.4 0.5 0.6 0.7 0.8 0.9
Source: World Economic Forum (2010); Happy Planet Index (2011) Prepared by PwC
Gender gaps in labour force participationhave narrowed in emerging markets
Labour force participation by region
Developed countriesWorld Latin AmericaSub-Saharan Africa South AsiaEast Asia/Pacific
100%
80
60
40
20
0
Labo
ur fo
rce
part
icip
atio
n
1980 2009 1980 2009 1980 2009 1980 2009 1980 20092009
Men
Women
1980
Source: World Development indicators (2011) Prepared by PwC
Companies in developing regions are addressing their gender-related practices
CEOs who plan to change their policies to attract and retain more women
Central andEastern Europe
North America
Middle East
Latin America
AfricaAsia Pacific
Western Europe
60%
50
40
30
20
10
0Per
cent
age
of
CE
Os
who
pla
n “s
om
e ch
ang
e”o
r “s
igni
fican
t ch
ang
e” t
o t
heir
po
licie
s to
att
ract
and
ret
ain
mo
re w
om
en in
the
nex
t 12
mo
nths
Source: PwC 14th Annual Global CEO Survey (2011) Prepared by PwC
“Fathers in dual-earner couples feel significantly greater work-life conflict than mothers, and this level of conflict has risen steadily and relatively rapidly”
What will women’s empowerment mean for men?
“There’s little correlation between a group’s intelligence and the IQ of its members. But if a group includes more women its collective intelligence rises.”Source: Harvard Business Review (2011)
Source: Boston College Center for Work and Family (2011)
What will women’s empowerment mean for men?
“For the US to raise female employment levels to male employment levels would raise GDP by 7-9 percentage points; for continental Europe by 9 percentage points; for Japan by 16 percentage points. And for many developing economies the gains would be even bigger than that.”Source: PwC, “The Gender Gap: Challenges, opportunities and the future” (2008)
What will women’s empowerment mean for men?
“Female pathways to greater empowerment include a broader range of factors, largely dependent on the ability to make decision, be free of violence, and participate in social networks. Male pathways are much narrower and dominated by the economy and the existence of and access to jobs.”
Source: World Development Report 2012
Share your views and see what others are saying at www.WomenInBusiness.CNBC.com Learn more at www.pwc.com/women
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Prepared for the Women’s Forum for the Economy and Society by PwC.