Why Gender Equality And Women-Centric Policies Make Good Business Sense – Entrepreneur

Why Gender Equality And Women-Centric Policies Make Good Business Sense – Entrepreneur

April

1, 2021



5 min read











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Having a diverse, gender-balanced, and inclusive organization is no longer an option– it is a necessity of the times. Striking the right gender balance, especially across leadership roles, not only yields incredible financial benefits, but also sets the tone for a progressive organizational culture that acknowledges its customer base, values relationships, and believes in equal human rights. According to studies by the International Monetary Fund (IMF), the benefits of closing the gender gap are larger than previously estimated, and they can contribute towards increasing GDP by up to 35%. Moreover, research from leading management consulting firm McKinsey & Company also outlines how gender-diverse businesses are 15% more likely to have financially returns, above the industry median.The productivity and growth gains achieved by adding women to the labor force are testament to the fact that gender diversity matters, and most recently, we witnessed this closer to home, where the UAE intensified its efforts to boost female representation at the highest levels of business by announcing that all listed companies in the country now need to have at least one female