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Socioeconomic Benefits of Women's Participation in the Workplace

When more women participate and succeed in the workplace, everyone benefits.

• Individuals and Families. Dual-earner households have access to diverse income sources, earning 83% more than single earner households, on average.
• Companies. Inclusive workforces help companies to attract, retain, and motivate people across the full range of available talent – which can drive toward competitive and profit advantage
• Social Progress. Closing the gender gap on labor force participation has the potential to increase a given country’s GDP dramatically, up to 80%.

How We Help Advance Gender Inclusion

For all the programs and efforts under way, few have been successful in closing the gender gap in work participation. Understanding what to do—and how—to achieve gender parity poses a considerable challenge.

With so much at stake and so many obstacles to overcome, clients turn to BCG for our deep expertise in driving measurable change in gender diversity and inclusion.

Recruiting is the sole focus of many companies’ gender inclusion efforts. BCG can help widen this lens while also delivering results in the areas of employee retention, advancement, and leadership commitment to diversity and gender inclusion.

The trick is to think broadly - about the work itself, key policies, the daily work environment, development and leadership opportunities. Then, understanding where gaps exist, one doesn't set targets, but rather addresses fundamental business processes to ensure a thriving workforce for everyone.

Our holistic approach focuses on five building blocks for improving and accelerating diversity and inclusion initiatives:

• Understand the starting point 
• Clarify the gaps 
• Focus on inclusion 
• Implement the right interventions 
• Support the progress