What is the true cost of gender inequity in the workplace?
Is your company paying the price?
Take this quick quiz and find
to see how gender equitable your workplace is?
After checking your answers, take the GEP self-assessment to track your organization’s successes and shortfalls in such areas as pay equity, work-life balance, supply chains and trafficking, domestic violence in the workplace, and women in leadership.
1. How do women’s salaries compare with men’s salaries in the US?
Answer b. In the U.S., women make $.80 cents for every dollar a man makes. The wage gap has narrowed over time. For example, in 1979, women made 62 cents for every dollar a man made, and in 1990 they made 72 cents. However, this wage gap applies across almost all sectors and locations. The Gender Equality Principle (GEP) 1 provides tools for organizations to use to combat pay inequity resulting from gender discrimination.
2. Which of the following does not promote work-life balance?
Answer a. Being able to work 24/7 does not promote work-life balance. Flexible work policies are essential for any employer seeking to maintain its competitive advantage. By taking the self assessment for GEP Principle 2, organizations can learn about proven best practices in this area.
3. What is the annual financial impact of domestic violence on US business?
Answer c. The Centers for Disease Control and Prevention estimates that the annual cost of lost productivity in the U.S. due to domestic violence equals $727.8 million, with 8 million paid workdays lost each year—the equivalent of 32,000 full-time jobs. GEP Principle 3 provides resources your organization can use to help employees in abusive situations.
4. Will having more women on your board lead to better financial performance for your organization?
Answer c. Studies have shown that the presence of a critical mass of female board members, 3 or more, positively correlates with a company’s performance and possibly with higher profits. GEP Principle 4 helps organizations understand how to recruit women for these positions.
5. What percentage of consumer spending decisions do women typically control in the U.S.?
Answer c. Almost all the critical purchasing decisions in families are controlled by women, yet only 3% of advertising directors in the U.S. are women. Learn more about the business case for advancing the professional development of women in your organization with GEP Principle 5.
6. In the U.S., what percentage of technology/engineering positions are held by women?
Answer b. Women hold only 25% of “professional computing occupations,” and the numbers are going down. While 37% of computer science undergraduates were women in 1985, only 18% were women in 2009. GEP Principle 6 includes suggestions for encouraging women and girls to enter nontraditional fields.
7. What can an organization do to best demonstrate its commitment to gender equality?
Answer d. While all of the answers are likely to support a diverse workforce, a public commitment by the CEO is the best way to demonstrate your organization’s commitment to gender equality. GEP Principle 7 provides guidance for organizations to be transparent and accountable in their support of gender equality.