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Women in European Work Life Piia-Noora Kauppi 31.1.2012
Economics of Equality >World Economic Forum study: Measuring the Global Gender Gap -Data from 58 countries -Index of five critical areas: 1.Economic participation 2.Economic opportunity 3.Political empowerment 4.Educational attainment 5.Health and well-being 31.1.2012© Finanssialan Keskusliitto | Finansbranschens Centralförbund 2
“When a man opens a car door for his wife, it's either a new car or a new wife.” 31.1.2012© Finanssialan Keskusliitto | Finansbranschens Centralförbund 3
Gender Gap ranking >Nordic countries on top of the list >Seven East European nations among top 25 Latvia, Lithuania and Estonia Nordic influence? >EU and North America almost at the same level >Jordan, Pakistan, Turkey and Egypt occupy the lowest ranks Impact of Islamic tradition? 31.1.2012© Finanssialan Keskusliitto | Finansbranschens Centralförbund 4
Economics of Equality 31.1.2012© Finanssialan Keskusliitto | Finansbranschens Centralförbund 5
Economics of Equality 31.1.2012© Finanssialan Keskusliitto | Finansbranschens Centralförbund 6
Investments in equality = Success of nations >Countries which don’t invest in half of their potential, misallocate their labour force and underestimate their potential competitiveness >A direct link can be established between women’s position in the society and national competitiveness >The European Union cannot be successful without women! 31.1.2012© Finanssialan Keskusliitto | Finansbranschens Centralförbund 7
Economics of Equality >Strong correlation of Growth Competitiveness Index ranks and Gender Gap ranks! >Countries with high standards of gender equality are global high achievers in growth and competitiveness >Nota bene: There is no country which would have eliminated the gender gap Work must continue! 31.1.2012© Finanssialan Keskusliitto | Finansbranschens Centralförbund 8
“Whatever women do they must do twice as well as men to be thought half as good. Luckily, this is not very difficult” 31.1.2012© Finanssialan Keskusliitto | Finansbranschens Centralförbund 9
The glass ceiling exists >Women are more educated and achieve higher academic scores >Only 5 % of Fortune-500 CEO’s are women >In Sweden, a mere 1.5 % of senior management are women whereas in the 'hire-and-fire' USA, 11 % of senior management are women >Despite the growing number of women attorneys (25-35%), only a small number are partners in law firms (5-15%) >In US, 49% of high-achieving women are childless, compared to 19% of their male colleagues 31.1.2012© Finanssialan Keskusliitto | Finansbranschens Centralförbund 10
“Being a woman is a terribly difficult task, since it consists principally in dealing with men” 31.1.2012© Finanssialan Keskusliitto | Finansbranschens Centralförbund 11
Gender Quotas >In Norway 40% of board members have to be women by 2008 This is not the right way to go! >Merit, not gender (male or female) should determine one’s career >Does not lead to true equality 31.1.2012© Finanssialan Keskusliitto | Finansbranschens Centralförbund 12
© Finanssialan Keskusliitto | Finansbranschens Centralförbund “The best thing that could happen to a chauvinist CEO is for him to have a bunch of talented daughters” 31.1.2012 13
On ramp, off ramp >Sylvia Ann Hewlett & Carolyn Buck Luce (Harvard Business Review 02/05) >Pull factors vs. push factors >Off ramping widens the salary gap -On average women lose 18% of their earning power, in business & banking sector, 28% -In general women careers are non-linear -Only 15% of highly qualified women single out ”a powerful position” as an important goal -Ability to associate with people they respect (82%) much more meaningful 31.1.2012© Finanssialan Keskusliitto | Finansbranschens Centralförbund 14
The problems at the top ranks >Salary gap still exists: A woman’s Euro is only 78 cents >Gender-based violence a huge problem Violence is broader in low gender gap countries such as Sweden and Finland -In Finland 80 000 housecalls yearly -17 000 are cases of domestic violence >Loosing the feminim advantage? -The case of Anne Lauvergeon, CEO of Areva -The paradox of becoming ”a Good Guy” 31.1.2012© Finanssialan Keskusliitto | Finansbranschens Centralförbund 15
“Women always worry about the things that men forget; men always worry about the things women remember” 31.1.2012© Finanssialan Keskusliitto | Finansbranschens Centralförbund 16
Gender equality in Asia >China is the highest ranking nation in Asia >Study with young women -Chinese girls want to become entrepreneurs, chief executives, professional experts etc -Japanese girls want to marry a rich man and stay at home or work part time in education or health sector >Reproductive health still in a very poor state One child policy is still living strong on the level of the attitudes 31.1.2012© Finanssialan Keskusliitto | Finansbranschens Centralförbund 17
Women’s rights are human rights >1600 women die every day from causes related to pregnancy and childbirth >HIV affects mainly women -In US, 90% of teenage AIDS cases are girls >Yearly 2 million girls, usually aged 4-8, face female genital mutilation >Women represent more than 2/3 of the world’s illiterate adults >Women still hold only 15,6% of elected parliamentary seats 31.1.2012© Finanssialan Keskusliitto | Finansbranschens Centralförbund 18
The next steps >Women in top positions must be the pioneers: -Change the institutions they work in -Be innovative in advancing gender equality -Be good examples 31.1.2012© Finanssialan Keskusliitto | Finansbranschens Centralförbund 19
To Do >We must eliminate ”Sister Peer Pressure Courts” which are based on envy >We must get rid of ”Bad Big Sisters” which are women with low self esteem judging the choices of others >We should educate our sons to become better men than their fathers >We must be proud to be women! © Finanssialan Keskusliitto | Finansbranschens Centralförbund31.1.2012 20
Summa Summarum >Gender equality is a success factor >There’s no perfect equality anywhere A goal worth fighting for! 31.1.2012© Finanssialan Keskusliitto | Finansbranschens Centralförbund 21
Gabor “I’m a marvelous housekeeper. Every time I leave a man I keep his house.” “I’m a marvelous housekeeper. Every time I leave a man I keep his house.” 31.1.2012© Finanssialan Keskusliitto | Finansbranschens Centralförbund 22
www.fkl.fi © Finanssialan Keskusliitto | Finansbranschens Centralförbund 23 31.1.2012
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