Earlier this week, we celebrated the successes that women have achieved in every walk of life on International Women’s Day. Whilst there are giant steps being made towards greater gender equality across the world, the latest “ The Women in Work Index 2021 ” examining female participation in work in 33 OECD countries demonstrated both the challenges and, more importantly, the prizes that can be won from closing the gender gap within businesses globally. The good news is that the female labour force participation rate has been increasing since 2011 whilst the gender pay gap and the unemployment rate amongst women has been decreasing. However, the pace of change is still not enough and it is estimated that, at the current rate, it will take 112 years for women to achieve salary parity with men even though closing the gap would generate £1.4 trillion pounds into OECD economies. Yet there are exemplars that show the rest of the world how to make a difference in this agenda with Iceland...
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