Global Trends Women in the Workplace/Entrepreneurs

Goals

To find recent global trends on the landscape of women entrepreneurs and women in the workplace.

Early Findings

Statistics 2019

  • Globally, women are on "average less likely to participate in the labor force than men."
  • In 2019, around 47.7% of all women and 74.7% of all men participated in the labor force. This shows a massive discrepancy between men and women in the global workforce.
  • Factors that contribute to the gender gap present in the global workforce include structural barriers and cultural restrictions.
  • Unpaid caregiving responsibilities that disproportionally fall on women also play a role in preventing women from exploring paid employment opportunities.
  • It is worth noting that women account for only 29% of senior roles globally. This discrepancy is bare in Fortune 500 companies where, in May 2019, only 33 women (6.6%) were CEOs of Fortune 500 companies.
  • In 2019, women held only 20% of board director seats globally.
  • A pay discrepancy also exists between women and men as globally, women "earn 16% less in average hourly wages and 22% less in median monthly wages, with large variations between countries."

Trends 2020

  • In 2020, the general trend seen around the world entails "more women-owned businesses, more female investors, and—what’s perhaps even more important—more brands waving their 'women-owned and operated' flag."
  • The issues and positive progress that women business owners have made are detailed in Visa's State of Female Entrepreneurship report.
  • An example of a troubling statistic from the report is the fact that although 79% of women entrepreneurs in the U.S. feel more empowered now than 5 years ago, 66% report difficulty in obtaining the funding they need to succeed.

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