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Despite Progress, Companies Need to Do More to Address Gender Inequity

Entrepeneur 09 Mar 2021 05:25
Despite Progress, Companies Need to Do More to Address Gender Inequity
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3 min read
This article was translated from our Spanish edition using AI technologies. Errors may exist due to this process.
Opinions expressed by Entrepreneur contributors are their own.

One of the keys in the fight for gender equity in the workplace is the important disclosure of social data found in the reports of companies listed on stock exchanges. One example is the Bloomberg Gender-Equality Index (GEI).

One of the objectives of the GEI is to make inclusive work environments visible so that more and more companies engage in emerging HR practices, such as instituting a work-life balance and providing flexible work arrangements. As a result, doing so will retain a consistently talented workforce and create a competitive advantage in today's changing business environment.

It is initiatives like GEI that show companies where they are on the road to gender parity relative to their peers. Not only that, it holds them accountable for setting and meeting their own equity and inclusion goals. This way, every effort to meet those objectives can be sustained and not “go out of style.”

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ILOSTATInternational Labor Organization
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