Achieving gender pay equity across the globe will take 108 years, according to the Global Gender Gap Index published by the World Economic Forum. The first index was released in 2006 to capture the extent of gender-based pay disparities and the progress made in ending them. In the Global Gender Gap Report 2018, the index benchmarks gender gaps based on health, economic, education and political criteria within 200 countries.
Among key findings in the report, a 32% average gender gap remains to be closed, with improvements in 89 of the countries reported in 2017 and 2018. The largest gender disparity is in political empowerment, with a 77% gap. Economic participation and opportunity is the second-largest, at 42%, and the educational attainment and health and survival gaps are the lowest, at 4% and 5%, respectively. Of the countries assessed, only 17 currently have women as heads of state. On average, just 18% of ministers and 24% of parliamentarians worldwide are women, and women hold just 34% of managerial positions across the countries with available political data. Egypt, Saudi Arabia, Yemen and Pakistan were the worst performing countries in these areas, but there was full parity in the Bahamas, Colombia, Jamaica, Laos and the Philippines.
The report also showed gaps remain in broad economic power areas including control of financial assets and time spent on unpaid tasks bmd
Courtesy: HR Dive