What Percentage of the Workforce is Female in 2020?

Apr 29, 2020 10:26:12 AM / by HR Tech

ht20_whrt blog_043020_1024x512Women are making big strides in the workforce in 2020, yet they face big challenges going forward.  A U.S. Labor Department’s report in December showed that women make up the majority of the workforce at 50.04%.  Yet, even with the mass number of women in the workforce, the percentage of executive-level roles held by women remains relatively low. Only 6% of the Fortune 500 have women as CEOs and only 2% or 60 of the Russell 3000 companies (the 3,000 largest companies domiciled in the U.S. and U.S. territories) have a board made up of at least 50% women according to Equilar.

Nobody would argue that those percentages aren’t low, but they are up from what it was just a few years ago. Change, although slow, is happening as reflected in the increase seen for the past nine consecutive quarters in the Equilar Gender Diversity Index (GDI), a quarterly update of female directors in the Russell 3000. Additionally, according to the Women in Workplace 2019 report by McKinsey & Company and Lean In, more companies have higher numbers of female C-level executives than in previous years.

Though the numbers are improving, the question remains, how do we help our organizations create a culture of inclusion and diversity.

Getting your organization ready to support the women who are poised and ready to lead

Without a welcoming stance and solid commitment to women’s career paths, companies risk losing valuable talent from those women who have what it takes. But how do you tackle the unconscious bias, retention and engagement issues that may be holding your organization and those women back?

The answers to those questions aren’t easy. For the past four years, we at the Women in HR Technology Summit, part of the HR Technology Conference, has been tackling the issues head on as a way of helping HR professionals understand the training, technologies and ethos needed to create a culture that fosters gender diversity in their organization.  The details on the 2020 summit sessions have just come in and we think you’ll be awed by the powerfully resonating line-up of speakers and sessions that will address today’s workplace diversity issues with possible solutions you can start implementing now.

Breaking Down Unconscious Gender Bias

Eradicating unconscious bias in companies doesn’t happen overnight. It will require formal steps being made such as implementing structured recruitment processes, conducting detailed people data analysis as well as anti-harassment training programs. That’s why we’re thrilled to have Julie Sowash, Tolonda Tolbert and Katee Van Horn  team up with their years of D&I experience at the Women in HR Technology Summit. They will reveal to you how unconscious bias is lurking where you least expect it and how you can use technology to diminish it and drive an inclusive workplace culture.

Retaining & Engaging Women in the Workforce

Inequalities in pay, work-life needs and other work-related discrepancies between men and women undoubtedly have a big impact on a company’s ability to tap into and retain women. In yet another thought-provoking session at Women in HR Tech, Allison Robinson of The Mom Project  will join Martha Bird, a Business Anthropologist at ADP’s Innovation Lab and Susan Vitale of iCIMS to help you find some answers as to why women exit the workforce at key milestones and what can be done to better retain and engage the women in your organization.

Driving D&I Change with Technology

Technology is core to effective diversity & inclusion. It can identify problems, close gaps and provide evidence-based measurements to support your business plan. Vera Gramkov, the Global Head of Talent & Performance at Bayer will join Ruth Thomas of Curo Compensation and Seena Mortazavi of Chronus in another Women in HR Technology session to share with you how you can take a building block approach to adding D&I tech to your HR ecosystem to gain clarity through accurate views into your company’s culture, opportunities and risks.

We hope you agree that finding ways to create a culture of inclusion in the workplace is important and that you’ll consider joining us for the 2020 Women in HR Technology Summit on October 13. To get an idea of the other sessions being planned for the Summit, visit www.HRTechConference.com/whrt. 

 

Topics: hr tech, women in HR Tech, Women in HR Tech Summit, workforce diversity, HR Tech 2020, women in workforce, females in the workforce

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