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The 150 Billion Pound Prize for the UK - Gender Equality

Gender equality is not a new topic and there are dozens of articles that discuss the value of diversity to a business.  Based on an interview with Vivian Hunt, Managing Partner of UK and Ireland at McKinsey & Company, The London Business School published an article describing the value the UK and business can achieve.  Ms Hunt discusses how businesses need to turbocharge their efforts to reap the rewards. Indeed, her firm’s study into gender equality in the UK shows that even if we are only able to bring every region in the UK up to the level of the fastest improving region, the uplift could be as much as £150 billion in GDP in 2025.

McKinsey’s report, The Power of Parity: Advancing women’s equality in the United Kingdom outlines that there are three big drivers for this to happen – the largest one is creating opportunities for more women to enter the workforce, around 800,000 of them, the second driver is creating the conditions for women to work in the most productive sectors in the UK and the third is enabling women to work an extra 30 minutes a day.

The ROI of gender equality is huge for a business and for a country in total.

Comment by Mary Sue Rogers

Posted On : 10-05-17

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