Promoting Women Leaders at Workplaces for Better Growth

Businesses with genuine gender diversity, particularly at senior levels, perform better, including seeing significant profit increases, according to a new report from the Bureau for Employer's Activities of the International Labour Organization (ILO).

The report, Women in Business and Management: The Business Case for Change, surveyed almost 13,000 enterprises in 70 countries. More than 57 percent of respondents agreed that gender diversity initiatives improved business outcomes. Almost three-quarters of those companies that tracked gender diversity in their management reported profit increases of between 5 and 20 percent, with the majority seeing increases of between 10 and 15 percent.

Almost 57 percent said it was easier to attract and retain talent. More than 54 percent said they saw improvements in creativity, innovation, and openness, and a similar proportion said effective gender inclusivity enhanced their company