The corporate world has taken major strides ahead in its attempts to close the gender gap across levels. Anti-discrimination policies, a surge of women into the workplace, a steady rise in female participation in political and corporate leadership are all trends visibly noticeable in the last few years.
Lists of powerful women CEOs and unicorn start-ups founded by women are gaining traction in the blogosphere. Each of these stories is heartening and incredibly motivating, as future generations can look past gender divides when it comes to the workplace.
However, does the existence of a handful of women leaders indicate that the problems have been resolved? Women continue to earn about 80 cents for every dollar a man makes. Fortune 500 reported an all-time high of 23 women CEOs in 2021, including six women of colour. That is less than 5%.
This International Women’s Day, let us take a look at the importance of diversity and how gender biases underline the corporate framework as we know it.