The convergence of new technologies including artificial intelligence, robotics and advanced manufacturing with socioeconomic and demographic shifts will create new approaches to how work gets done over the next five years - transforming labour markets and presenting both challenges and opportunities for businesses and the workforce.
To drive innovation and growth, leaders are pursuing greater levels of diverse workforce participation — in which women play a critical part. Yet many organisations still face significant challenges to gender equality in the workplace. Our When Women Thrive research shows that current hiring and retention rates are insufficient to achieve gender equality by 2025. Further, the World Economic Forum’s Global Gender Gap Report 2016 indicates that with the current rate of change, the widening economic gender gap will not be closed for another 170 years. Adding additional complexity is that job displacement as a result of technological advancement is estimated to have the greatest impact on women — creating a burning platform for companies to disrupt themselves and build diverse talent pools for the future.
On January 17th, Mercer will host our third When Women Thrive private briefing at the World Economic Forum. This session is designed specifically for leaders responsible for driving strategy and growth in the fourth industrial revolution. We will share proven strategies for changing the trajectory for women.
The expertise and key findings shared in our session and in Forum discussions throughout the week are differentiating the dialogue — in terms of gender, but also in terms of leadership, jobs, education, technology advancements and globalization. As we reflect on all we experienced at Davos — from the insights we’ve gleaned and the key actions we’ve identified, to the commitments and promises we’ve made — we are optimistic that organizations and leaders will demonstrate progress through taking the following critical actions:
This event was hosted in partnership with EDGE Certified Foundation. EDGE (Economic Dividends for Gender Equality) is the leading global assessment methodology and business certification standard for gender equality.