The topical issues of gender equality and the gender pay gap are difficult to escape, the recent focus by the UK government has transformed rumour into fact. But why are women still battling for equality?
The Bloomberg platform has been quick to publish articles, two of which are interesting in the discussion. An article by Jeff Green highlights that an American recruiter called Spencer Stuart found that in 2019, “women hold more than a quarter of board seats among the biggest companies for the first time”.
Are women finally getting a seat at the table as they deserve?
A hugely influential article also published by Bloomsberg discusses that it’s companies want better return on investment, they should employ a female CFO rather than a male. The reason for this according to the article is that women are held to a higher standard, so are hungrier to succeed. This higher standard meant that companies with a female CFO saw a 6% increase in profits after a 24-month period, and also saw an 8% better stock return.
Unfortunately, CFO appointments are 6.5 to 1 in favour of male employees – why is this?
The archaic view that females hold less investment value due to being child bearers has shaped society and therefore moulded employer’s outlook on women. Further to this, there is the belief that women are also more heavily invested in their children’s lives (compared to males), so prioritise school events and their doctors’ appointments, again explaining why employers have formed the opinion that males are more suitable candidates for progression. This illustrates why women are held to such higher regard and excel due to the pressure they’re under.
Recent campaigns such as “#MeToo” started as a fight against sexual assault but have now extended to an overall fight for women’s rights across the board. The beauty of women uniting to open our eyes to the magnitude of sexual violence continued to empower in a domino like effect and shocked the world. The succinct hashtag has become the driving force that has led to the challenging of the gender pay gap thus focusing on the limited director’s positions for women. The snowball effect that this campaign started led to the UK government publishing a report on the gender pay gap, factually highlighting that the gap needs shrinking, and equality has not been achieved.
Source: Me Too Movement
Spoiled Nation believe in promoting gender equality, and highlighting the gender pay gap. Studies show the power of women, and we believe in harnessing that power to make a difference.