As the digital economy continues to expand, we must unleash the potential of women so that they can equitably participate in the economy's future growth and become active change agents in this transformation. Progress is being made as we see increased participation of women in digital technology and their enrolment in science, technology, engineering, and mathematics (STEM) programs, but the pace is relatively slow. A lot remains to be done to address this gender gap and increase the participation of women in our economies. While government and enterprises are pivotal in reducing this gender gap, they cannot act alone. It is the responsibility of each one of us to overcome gender stereotypes, social biases, and cliches.
As economies progress towards digitisation, social and economic growth will increasingly depend upon people's ability to use technology. Hence basic digital literacy is a must to engage with a digital economy. Despite making up 50% of the world population, we do not see equitable participation of women in the digital economy. This digital gender divide is fuelled primarily due to lack of primary and higher education, technological literacy, professional training, economic opportunities, unequal access to technology/internet and socio-cultural norms, among many other reasons. Gender equality is a fundamental human right and the foundation for a sustainable economy. Empowerment of women through equal access to quality education and health, employment opportunities, and career growth ensures the holistic development of society.
Gender inequality persists in most developing countries and stagnates social progress. Therefore, we must tackle this issue from the early years of the education system so everyone gets the best possible start in life. The other area we need to look at is employment. Despite many companies promoting diversity and inclusion in the workplace, there is a lack of progress in closing this gender gap, especially as they move up the corporate ladder. Let's understand how we can address this disparity in both these segments.
With the advent of the digital age, technology has rapidly developed. Somewhere we need to redefine the parameters of basic literacy such that it also includes digital and financial literacy as its intrinsic part.
Assuming we have addressed this disparity at the education level and have enough women entering the workforce, we still see a noteworthy percentage of women quitting their jobs. The main reasons comprise family responsibilities, including childcare and health concerns, lack of enabling support systems, especially in remote locations and manufacturing plants, not being given the role they aspired for, lack of mentorship, not getting a seat at the table and no role model. Businesses should follow the below tactics to create an equitable workplace culture and foster long-term retention of women employees:
We all have to join hands to change the mindset of people, support the upward social mobility of women, and reduce the gender gap. We need to combat gender stereotypes in the same way they are formed – use storytelling to redefine what women can do.