Gender Equality Commitment Workshop JUNE 2018 Dr. Zsuzsanna Tungli Managing Partner Lorraine Fagan Director Developing Global Leaders/Cultural Training Asia Email ztungli@developinggloballeaders.com lorrainefagan@culturaltrainingasia.com www.developinggloballeaders.com www.culturaltrainingasia.com Web
Who are we? Globally competent & socially responsible leaders Cultural Awareness for Business Success Responsible Global Leadership & Mindset Inclusion Strategies & Diversity Management Women in Leadership Programs Work/Life in Balance Cohesive multicultural teams Corporate culture that respects the social/environmental impact
Women in Leadership Programs In Singapore 76% of women of working age are in paid employment 3 www.culturaltrainingasia.com - www.developinggloballeaders.com
Women in Leadership Programs BUT Subconscious bias and gender gaps in terms of pay and senior management representation still exist. Nearly 50% of men think women are well represented when 1 in 10 leaders is a woman. 30% of women feel the same way. 4 www.culturaltrainingasia.com - www.developinggloballeaders.com LeanIn/McKinsey Women in the Workplace Study
Global Gender Gap Index 2017 Rank Country 1 Iceland 2 Norway 3 Finland 4 Rwanda 5 Sweden 6 Nicaragua 7 Slovenia 8 Ireland 9 New Zealand 10 Philippines Rank Country 15 United Kingdom 35 Australia 49 United States 65 Singapore 84 Indonesia 100 China 104 Malaysia 108 India 114 Japan 144 Yemen Source: World Economic Forum Gender Pay Gap 2017 5
Career Progression? Primary Education 98% Secondary Education 97% Tertiary Education 94% Paid Employment 67% Skilled Roles 76% Leadership Roles 32% Source: Global Gender Gap Index 2017, World Economic Forum 6
The need for change - Globally FEMALE REPRESENTATION IN THE CORPORATE PIPELINE Source: 2017 LeanIn.Org and McKinsey Women in the Workplace Study 7
Industries Out of Balance Health Care Education Nonprofit Legal Public Administration Media & Communications Corporate Services Real Estate Finance IT Energy & Mining Manufacturing 8 All Employees Leadership Hires
Women in S&P 500 Companies 5% CEOs Top Earners 11% Board Seats 21% Exec/Senior Level Managers 26% Mid Level Managers 37% Total Employees 45% 9 Source: Catalyst Women CEOs of the S&P 500, 2018t
The need for change Singapore GLOBAL COMPARISON OF FEMALE REPRESENTATION ON COMPANY BOARDS Norway France 42.1% 42% Sweden 33% UK NZ Australia 27.6% 27% 26.1% Germany 23% USA Malaysia India HK Singapore China Indonesia Japan 4.5% 14.8% 13.3% 13.1% 12.9% 11.1% 21% 19.2% On international comparison Singapore trails behind other countries Sth Korea 2.6% 10 Source: Dversityaction.sg
The need for change - Singapore STATISTICAL ANALYSIS OF DIVERSITY IN SINGAPORE LISTED COMPANIES 8.8% 9.5% 9.9% 10.8% 55% 53% 52% 50% 8.6% 9.5% 10.9% 13.1% 46% 41% 38% 32% 2014 2015 2016 2017 2014 2015 2016 2017 Top 100 Listed Companies All Listed Companies Top 100 Listed Companies All Listed Companies 11 Source: Diversityaction.sg
Equal Opportunities to Advance DIFFERENCES IN HOW WOMEN AND MEN SEE THE STATE OF GENDER-DIVERSITY EFFORTS % agreeing with the statement 12 Source: 2017 LeanIn.Org and McKinsey Women in the Workplace Study
Women are paid 23% less than men 16% Mexico 20% US 21% 16% Brazil 17% UK 24% 11% Poland 17% Botswana 39% Malawi Russia 15% 11% Israel Pakistan 37% Rep. Korea 18% Singapore 15% Australia 26% Japan Chile Source: PWC 18 th Annual Global CEO Survey 13
The Gender Pay Gap HOW LONG WILL IT TAKE UNTIL WOMEN AROUND THE WORLD ARE PAID FAIRLY TODAY Average 23% pay gap globally 2061 2064 2118 United States Western Europe Asia & the Pacific 2373 Middle East & North Africa 14 Source: PWC 18 th Annual Global CEO Survey
At current rates of progress, it will take 68% closed 217 years to close the economic gender gap 68% closed Progress over the past 12 years Source: Global Gender Gap Index 2017, World Economic Forum 15
Why Diversity Matters THE BUSINESS BENEFITS OF DIVERSITY Collaborate 52% 26% 78% Innovate Strengthen brand/reputation Enhance Business Performance 46% 46% 50% 32% 37% 35% 78% 83% 85% 85% of CEOs think their D&I strategies have improved the bottom line Attract Talent 42% 48% 90% Agree Agree Strongly Source: PWC 18 th Annual Global CEO Survey 16
The 8 Focus Areas DGL S ROADMAP TO GENDER EQUALITY IN ORGANISATIONS 1. Building Awareness around the Business Case 2. Subconscious Bias Training; Managing Subconscious Biases 3. De-biasing Organisational Policies & Practices 4. Involving Men 5. Flexible Working 6. Supporting Women s Career (& Confidence) 7. Supporting Families 8. Closing the Gender Pay Gap 17 www.culturaltrainingasia.com - www.developinggloballeaders.com
Upcoming DGL Women in Leadership Programs Accelerate for Emerging Female Leaders November 13/14, 2018 Advance & Thrive for Senior Female Leaders November 13/14 & December 4/5, 2018 Email Web ztungli@developinggloballeaders.com lorrainefagan@culturaltrainingasia.com www.developinggloballeaders.com 18 www.culturaltrainingasia.com Follow us! Cultural Training Asia Developing Global Leaders Asia Cultural Training Asia