2016 WEF Report In A Nutshell

1/19/2016


The World Economic Forum in Davos in a study, examines the potential future of work across 15 industries. The study claims that robotics, artificial intelligence and other world-altering technological shifts make many workers, especially women, redundant.

This report is ahead of the WEF  Forum taking place in Davos, Switzerland. Since it's quite a long report I thought I should share more of the findings here. 

  • Although women are, on average, more educated than men globally and now participate more fully in professional and technical occupations than 10 years ago, as of today, their chances to rise to positions of leadership are only 28% of those of men. 
  • Women continue to make up less of the labour force overall than men, and where they participate in the formal economy their earnings for similar work are lower. 
  • Currently, women make up the majority of those enrolled in university in nearly 100 countries. However, “expanding the talent pool” lags behind as a perceived rationale for promoting gender parity. 
  • An often cited barrier is a lack of qualified incoming female talent in specific fields, especially in STEM education, where women currently make up only 32% graduates across the world.
  • While national cultures and policies shape women’s participation in national workforces, sectoral cultures and practices also play a significant role.
  • Across industries, there are expectations of a 7 to 9 percentage point increase in the share of women in mid-level roles by 2020 and an 8 to 13 percentage point increase in senior roles. 
  • Prediction would see the Energy sector become the industry with the lowest proportion of women in entry level roles by 2020. However, following current predictions, Basic and Infrastructure will still remain the industry with the worst gender balance in senior roles. 
  • Women’s historically low participation in the labour market means they have relatively fewer role models to look towards across all industries.  
  • Employing and promoting more women is one accessible way companies can bring more diverse voices into their decision-making and business development—allowing fresh thinking and disrupting business models from within before they are disrupted from without.
  • Companies in which women are more strongly represented at the board and at senior management levels have been shown to outperform those where they are not.
The Fourth Industrial Revolution now presents an unprecedented opportunity to place women’s equal participation in the workplace at the heart of preparations for the shifts to come. 

Source: WEF

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