Businesses need more women to “execute global business plans” says a new report, yet many internationally located companies are not employing or promoting enough young women to carry out that plan. Read on if you’re a business owner or a female millennial…
The latest Modern Mobility report from PwC, ‘Moving Women with Purpose’, highlights a major problem for female, millennial career expats (born between 1980 and 1995): there is “unprecedented” demand among millennials for international work experience, yet women only account for 20% of current international assignees.
According to the PwC report, 71% of female millennials want to work outside their home country at some point during their career. This disparity in desire and fulfilment in the workplace for young women lead PwC to examine the problem in closer detail.
“Today, female talent matters more than ever: female millennials, for example, are more highly educated and are entering the workforce in larger numbers than any of their previous generations. Employers cannot afford to miss out on this significant and growing talent pool. 64% percent of women said opportunities to undertake international assignments were critical in attracting them to, and keeping them with an employer.”
So, are more women needed? It would seem there are more women than there are opportunities, that there is a disconnect between the mobility and diversity within businesses. However, female millennials should not give up demanding of talent management that they are given the same choices in the workplace as their male colleagues.
PwC’s executive editors summarise the situation as follows: “For international employers to capitalise successfully on the strengths of the expanding pool of female talent, the status quo will no longer suffice. Organisations must position and equip themselves to respond to the core learnings and tough questions that are raised throughout this report. Without a systematic approach to identifying the right skills and people needed to execute global business plans, and the agility to assemble them quickly and accurately, businesses will miss out on valuable opportunities and lose out in the war for talent.”
To learn more about the PwC report ‘Modern mobility: Moving women with purpose’, please visit: www.pwc.com/movingwomenwithpurpose
In the meantime, the best place for women to work overseas is…
The latest Economist Glass Ceiling Index, which ranks gender equality at work, places Iceland, Sweden, Norway and Finland in the top four positions. “Women in these countries are more likely than men to have a university degree and be in the labour force. They make up 30-44% of company boards, compared with an average of 20% across the OECD.” In contrast, South Korea, Japan and Turkey and Switzerland are the four lowest ranking countries in the index.