The economic case for investing in women is now well established. A report from McKinsey estimates that between $12 trillion and $28 trillion could be added to the global economy every year by 2025 if women were to obtain equal access and rights in labor markets. Empowering women has been shown to be good for a business’s balance sheet, and companies with diverse workforces are more likely to outperform their peers.
Despite this, many businesses are still lagging behind. Recent research indicates that, at current rates of progress, full economic equality could take another 170 years to achieve. Today, women are still less likely than men to have paid jobs. Of those who do, they earn little over half as much as men on average, according to the 2016 World Economic Forum Global Gender Gap study.