Gender Parity is such an important paradigm for the economic growth of the economies the world over. Women represent 70% of the 1.3 billion people in the world who live below the poverty line. Over 650 million women are illiterate. 121 million children are not in school the world over and 60% of them are girls. Women perform 66% of the world's work, produce 50% of the food but earn 10% of the income and own 1% of the property.
The source of the gender gaps is an "unconscious but pervasive bias", an "arbitrary and subjective" evaluation process, and an anachronistic social pressure - a historic system which bases child-rearing and family responsibilities on the concept of a professional spouse with a stay-at-home "wife". Women are paid less, promoted more slowly, receive fewer honors, and hold fewer leadership positions.
Women make up about half the world's workforce, but they still make 77 cents for every dollar a man earns. In tech women are a bit better placed with 81 cents to a dollar. An October 2012 study by the American Association of University Women found that over the course of a 35-year career, an American woman with a college degree would make about $1.2 million less than a man with the same education. Therefore, closing the pay gap by raising women's wages would have a stimulus effect that would grow the U.S. economy by at least 3% to 4%.
STEM careers are all set to grow between 18- 24% in the next couple of years. The same 2012 study by the Association for Women in Science found that women in STEM earn on average 81% of what men in equal positions earn. Expanding and developing the STEM workforce is a crucial issue for governments, industry leaders, and educators.
The Meera Kaul Foundation organizes seminars and talks, and also undertakes research on Gender Diversity. To strengthen our global initiative towards Gender Parity and empowering women in the corporate world, we have launched a Gender Bias Ranking App and web portal. ‘Parity’ measures gender bias in workspaces across the globe, evaluates companies based on their history to exclude women from leadership positions, records real data about sexual harassment in the workplace and also measures the responsiveness of the company towards incidents of bias and harassment reported over time.