The UK has slipped to its lowest ranking in a decade for workplace gender equality, falling behind Canada. Women’s declining workforce participation and higher unemployment have worsened the situation.
Gender Equality at Work Needs Urgent Action
The Women in Work Index by PwC ranked the UK 18th among large economies. The slow improvement in women’s earnings compared to men contributed to this drop. Experts warn that at the current rate, closing the gender pay gap could take more than 30 years.
The UK now ranks second among G7 countries, trailing Canada. The top three countries for workplace gender equality are Iceland, New Zealand, and Luxembourg.
Workforce Participation Remains a Challenge
While the UK made slight progress in narrowing the gender pay gap, slow overall improvements held it back. Unemployment and lower workforce participation rates for women further impacted the ranking.
Full-time female employment in the UK stands at 68.9%, ranking 27th out of 33 OECD economies. This figure falls far below the OECD average of 78.1%, highlighting the need for urgent reforms.
Gender Equality at Work Boosts Economic Growth
Experts emphasize that improving gender equality at work benefits the economy. Studies show a clear link between women’s workforce participation and increased productivity. Countries with higher female employment rates tend to experience stronger GDP growth.
Alia Qamar, an economist at PwC UK, noted that the UK is improving but at a slower rate than other nations. “The UK must accelerate progress. Countries like Ireland and Canada have made impressive gains post-pandemic,” she said.
Investing in Gender Equality at Work is Smart Economics
Phillippa O’Connor, chief people officer at PwC UK, stressed the importance of workplace equality. “Investing in gender equality at work isn’t just the right thing to do—it’s the smart thing to do,” she stated.
A diverse workforce leads to economic growth, reduced income inequality, and a stronger skills base. Experts urge policymakers to take immediate steps to close the gender gap and boost female employment.
Without significant action, the UK risks falling further behind in workplace gender equality. The coming years will be critical in shaping policies that ensure fair opportunities for women.
Stay tuned to London Pulse News for more updates.
