Companies with a high proportion of women in management are more profitable From Survey findings
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With the improvement of women’s status, the number of strong women in all walks of life has surged. A British survey shows that companies with a high proportion of women in management are more profitable. However, the lack of childcare services in the UK makes it impossible for working women to work hard, and few women enter the top management.
The survey of the house of Commons pointed out that there is evidence that enterprises with more female executives perform better than those dominated by male executives, indicating that women should play a central role in the economic recovery in the post epidemic era.
Annalis doz, Minister of women and equality in the UK shadow cabinet, said the survey data showed that women held the key to economic recovery, but women were held back by insufficient investment and the risk of “childcare desert”. She accused the British government of ignoring women’s needs during COVID-19 and excluded women from the economic recovery plan.
She warned that the UK was facing a “parenting crisis” and recruitment difficulties in childcare institutions. The Early Education Alliance reports that childcare places in parts of the UK have decreased by 25% over the past six years.
“The childcare industry is facing a short-term crisis. There is a ‘childcare desert’ in different parts of the UK. Childcare institutions have gone bankrupt and can’t continue to operate, which has had terrible consequences for working women. Childcare institutions are part of the UK’s economic infrastructure, and we must find a more sustainable way to develop childcare institutions,” dodz said
To mark International Women’s day on March 8, the British Labour Party compiled data from the house of Commons library. The Labor Party quoted McKinsey’s survey results as saying that enterprises with the most gender balanced management are 25% more likely to exceed the average profitability than those with the most gender unbalanced management. Meanwhile, a survey conducted by scholars from the University of Glasgow and the University of Leicester found that companies with more than 30% female executives performed better than companies with less than 30% female executives.
However, the 2022 gender and power report of the Fawcett association points out that only eight women, all white, are currently chief executives of the top 100 companies listed on the London Stock Exchange. In these companies, only 14% of women are executive directors and 38% of women are in management positions.
According to the data, the contribution of small and medium-sized enterprises led by women to economic output is about 85 billion pounds (about 710.3 billion yuan), but a survey by the UK Department of business energy and industrial strategy shows that only 16% of small entrepreneurs and one-third of entrepreneurs are women. There is also evidence that fewer women have access to financing loans and commercial loans. Only 15% of bank financing applications and 22% of new main business income bank accounts come from women.
According to new global data released by equileap, a gender equality research organization, to commemorate International Women’s day, only one fifth (20%) of managers in the UK are women, only 13 (6%) companies have female chief executives and only 27 companies have female chief financial officers.
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