Sunday, Mar 3 2024 | Time 03:40 Hrs(IST)
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World


Businesses perform better if women employed

United Nations, May 23 (UNI) Businesses perform better – sometimes by as much as 20 per cent – when they employ more women in top positions, UN labour experts have said, warning nonetheless that most still pay lip-service to the idea of gender equality in the boardroom.
In a report covering 13,000 firms in 70 countries, the International Labour Organisation (ILO), said on Wednesday that globally, around six in 10 agreed that gender diversity improved their business, with almost as many citing gains in creativity, innovation and reputation.
In terms of profits, almost three-quarters of companies that tracked gender diversity in management positions reported increases of between five and 20 per cent, while the majority saw 10 to 15 per cent growth.
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