The conversation around gender equality in the workplace has shifted dramatically in recent years. No longer is it merely a social or ethical imperative -- today, gender inclusion makes sound business sense.
The conversation around gender equality in the workplace has shifted dramatically in recent years. No longer is it merely a social or ethical imperative -- today, gender inclusion makes sound business sense.
Companies and economies that prioritise the participation of women in the workforce are discovering measurable economic advantages. Yet, despite this, many barriers persist, and the full participation of women, particularly in the private sector, remains elusive.
A report from the International Labour Organization (ILO) and the Asian Development Bank (ADB) revealed an alarming statistic: the gender employment gap in Asia costs the region $47 billion annually. While 45 per cent of women remain outside the workforce, only 19 per cent of men face the same exclusion. These figures underscore how much the economy could gain from increased female participation, yet gender disparities continue to hinder progress.
In the broader global context, the Women’s Learning Partnership (WLP) offers further insight. According to their data, for every year beyond fourth grade that girls attend school, wages rise by 20 per cent, child mortality drops by 10 per cent, and family size shrinks by 20 per cent. These figures are stark reminders of the far-reaching effects of female empowerment. Closing the gender gap in education and workforce participation is not only a matter of justice; it directly improves economic outcomes for everyone.
The private sector has a crucial role to play in driving gender equality. By creating an inclusive environment that encourages women to take on leadership and operational roles, businesses stand to benefit significantly. Gender diversity at all levels of an organisation improves decision-making, enhances creativity, and boosts financial performance. In fact, research has shown that companies with gender-diverse leadership teams tend to perform better across various financial metrics.
Despite these benefits, women are still underrepresented in leadership roles and on factory floors. Societal norms and educational disparities remain significant barriers, and businesses must step up to help dismantle these roadblocks. For example, offering mentorship programmes, leadership training, and flexible work arrangements can support women as they rise through the ranks.
Addressing the gender gap requires partnership. The private sector should collaborate with public institutions to finance and support initiatives that drive gender equality. From creating inclusive workplaces to investing in women's education, there is much to be gained from a coordinated approach.
While the business case for gender inclusion is clear, many women still face significant hurdles long before they enter the workforce. The deeply ingrained societal norms dictate what women can and cannot do. These cultural expectations often discourage girls from pursuing education and limit their career choices later in life. Educational barriers compound the problem, with millions of girls around the world denied access to basic schooling.
The private sector has the power to help change these norms by supporting educational initiatives aimed at girls and women. Investing in digital literacy programs, for example, can open up a world of opportunities for women in underserved regions. By equipping women with the tools they need to succeed in the modern economy, businesses not only support gender equality but also unlock new markets and customer bases.
As technology continues to reshape the global economy, digital literacy has become a critical factor in determining who gets ahead. Women, particularly in developing countries such as Pakistan, are often left behind in this digital revolution due to limited access to technology and the internet. Bridging this divide is essential for empowering women and enabling them to participate fully in the modern economy. The private sector can play a pivotal role by creating opportunities to develop their digital skills.
Financial inclusion is another crucial area where businesses can make a difference. By developing innovative financial solutions tailored to women, such as microloans or mobile banking platforms, the corporates can help women access the capital they need to start or expand their businesses.
For gender equality to truly take root, the right policy frameworks must be in place. Governments, businesses, and civil society organizations need to collaborate in creating an environment that supports women’s economic empowerment. Policies that encourage equal pay, parental leave, and anti-discrimination practices are essential for leveling the playing field.
Policies that address gender-specific challenges, such as the disproportionate burden of caregiving responsibilities, can help more women enter and remain in the workforce. Governments can incentivise businesses to adopt gender-inclusive practices, while businesses can advocate for policies that promote equity and support female employees.
An inclusive future where women are fully integrated into the private sector is not just a feminist ideal -- it is a business imperative. Businesses can tap into a larger talent pool, improve innovation, and boost their bottom line, creating a ripple effect that benefits communities and economies as a whole.
The world is increasingly interconnected, and in order to succeed, we must utilise all our available social and economic assets. Yet, women continue to face discrimination, marginalisation, and exclusion, even as gender equality remains a fundamental human right. Corporate responsibility, diversity, and inclusion initiatives have made some progress, but the full participation of women, from the CEO’s office to the factory floor, remains unfulfilled.
Gender equality is no longer just a moral or ethical issue; it is a practical business strategy. Companies that invest in gender diversity and empower women are not only doing the right thing; they are positioning themselves for long-term success.
The writer is a Karachi-based journalist.
