Today, there is a quiet change taking place in the American workforce. The revolution is in the rise of women in the workforce – both in the number of women employed and positions of seniority.
In the coming decade over one billion women will enter the global economy.
Despite the determination and ambition, women will still face several issues preventing them from achieving an equal stake in the workforce.
A study from Booz & Co. “Empowering the Third Billion: Women and the World of Work in 2012” suggests steps that hospitals and other employers can take to tilt the scales toward success. The study focuses on women in the workplace and the issues that hold them from achieving their full potential. The study finds that two basic issues hold educated women back from achieving their full potential :: The care economy :: Women have traditionally been the primary caregivers for children, the elderly and the sick. This burden hampers their economic contribution. Women in OECD countries spend 2.4 hours each day more than men on such unpaid work.  Inclusion :: As women move ahead, their career momentum can be derailed by a variety of factors. The pay ratio between men and women is an example of a potential disruption to whether women feel their career ambitions are supported or discouraged. See below data to support. CTI research finds that women in emerging markets routinely encounter bias in the workplace severe enough that large numbers (55% in India, 48% in China, and 40% in Brazil) disengage or consider dropping out altogether.
Yet, its not all that bad …
More good news is that women under the age of 30, earn eight percent more than men the same age
Where do young women out-earn young men by the biggest percentage?
- 21% Atlanta
- 19% Memphis
- 17% New York
- 16% Sacramento
- 15% San Diego
- 14% Miami, Raleigh-Durham
- 12% Los Angeles, Phoenix & Richmond
How did we get here? More importantly, how can we increase the numbers so more women have bachelors, masters and higher graduate degrees?
I am glad to share that major healthcare employers, such as the University of Cincinnati, have invested and developed programs specifically to help and encourage women in healthcare.
See the full infographic at OPENforum.com