Research has revealed 40 workplace factors that create a culture of equality, according to a report from technology firm Accenture.
The “Getting to Equal 2018” report identifies actions that business leaders can take encourage equality in the workplace and narrow the gender pay gap.
The research is based on a survey of more than 22,000 working men and women in 34 countries, including more than 700 in the UK. The report was launched to measure perception of factors that contribute to workplace cultures.
“Our research highlights the key role workplace culture plays in unlocking gender equality,” said Payal Vasudeva, Executive Sponsor for Human Capital and Diversity for Accenture in the UK and Ireland.
“When you create a workplace environment that enables women to advance, everyone benefits – men and women. It also drives true inclusion, underpinned by diversity of thought, which is a source of innovation, creativity and competitive advantage for businesses.”
The report found that in companies where the 40 factors are most common, everyone benefits:
- 99 per cent of employees are satisfied with their career progression
- 94 per cent of employees aspire to get promoted
- 94 per cent aspire to become senior leaders in their organisations
- Women are 15 per cent more likely to advance to manager or above and three times as likely to advance to senior manager/director or above.
- Men are seven per cent more likely to advance to manager or above and 109 percent more likely to advance to senior manager/director or above.
The report also revealed that if all working environments in the UK were like those in which the 40 factors are most common:
- For every 100 male managers, there could be as many as 86 female managers, up from the current ratio of 100 to 56.
- Women’s pay could increase by 64 percent, or up to an additional £23,601 ($32,702) per year.
- Women could earn $93 for every $100 a man earns (up from $62 for every $100 a man earns currently), helping to close the pay gap and lifting women’s total earnings by $57.8 billion nationwide.
“Culture is set from the top, so if women are to advance, gender equality must be a strategic priority for the C-suite,” said Ellyn Shook, Accenture’s chief leadership & human resources officer.
“It’s critical that companies create a truly human environment where people can be successful both professionally and personally – where they can be who they are and feel they belong, every day.”
Key UK report findings include:
- Bold leadership:Women are 50 per cent more likely to be on the fast track in organisations which have published a diversity target (30 per cent compared to 20 per cent).
- Comprehensive action:Involvement in a women’s network correlates with women’s advancement, but a large proportion (57 per cent) of the women surveyed for the report work for organisations without such a network. Two thirds of women (66 percent) on the fast track are in a women’s network compared with 39 per cent of all women, with over a third (34 per cent) of fast-track women participating in a women’s network that also includes men.
- An empowering environment:Among the factors linked to advancement are giving employees the freedom to be innovative and creative and providing the right training to keep their skills relevant.
Read the full global report here: Getting to Equal 2018.