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Research Outline
Prepared for Alvaro R. | Delivered October 14, 2020
Global Trends Women in the Workplace/Entrepreneurs
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Goals
To find recent global trends on the landscape of women entrepreneurs and women in the workplace.
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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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