Women in Work Index 2018—Canadian insights
Organizations are more committed to diversity and inclusion (D&I) than ever before, with 87% of global organizations pointing to D&I as a stated value or priority area. They’re creating inclusive workplace cultures, where diverse skills, experiences and backgrounds are sought out and used to stimulate innovation in an increasingly competitive and rapidly changing market.
Additionally, since the global #MeToo movement has heightened public awareness of bullying and workplace harassment, organizations also see managing D&I as an opportunity to accelerate their people’s potential and avoid reputation risks.
While it’s encouraging to see government’s initiatives that take Canada to the next level, organizational leaders need to prioritize D&I on their business agenda by taking actions to close the gender gap and make a real impact on women at work.
Bringing together people with diverse perspectives and backgrounds leads to more creative and innovative solutions as well as cost savings.
“There’s mounting evidence to suggest a diverse workforce leads to more innovation and stronger financial results. Creating an environment where women thrive makes good business sense.”
D&I initiatives should focus on promoting leadership capabilities and building up women in the workplace. Our global Time to Talk survey of 3,627 professional women from across all sectors gives a realistic snapshot of how professional women feel about their prospects for advancement and what they see as potential obstacles to successful careers. From Canada, 237 women between 28 and 48 years old participated in this global survey. Many women still feel there are limitations due to gender when it comes to pursuing their career aspiration.
35% of Canadian women believe an employee’s diversity (e.g. gender, ethnicity, age and sexual orientation) can be a barrier to career progression in their organization.
48% of women agree employers are doing what it takes to improve gender diversity.
46% of women believe employers in Canada are treating females equally to males when it comes to promoting from within.
According to our Women in Work Index, Canada is ranked 10th out of 33 Organisation for Economic Co-operative Development (OECD) countries when it comes to five indicators:
While our female labour force participation is quite high compared to other countries (74% female labour participation, ranked eighth out of 33 OECD countries), Canada’s position has stayed the same in past five years. There’s a bigger gap when it comes to female leadership role representation as well as between female and male earnings. In Canada, women still earn $0.87 for every dollar earned by men, and this pay gap is larger than the OECD average.
Recognizing the importance of closing this gender gap, the federal and provincial governments have established multiple initiatives and focus areas to promote gender equality. Below are some highlights of initiatives:
Private sector organizations can also help close the gender gap by promoting equality.
Forty-seven percent of Canadian respondents identified the following as the top two actions employers should take to improve transparency and trust:
Communicating clear promotion and pay criteria, sharing data on current state, and tying metrics to D&I strategy can build a foundation of trust with employees.
Forces are reshaping the world of work. Business leaders are facing new organizational, talent and human-resource challenges such as global growth, skills gaps, disruptive technologies as well as risk and regulation.
In October 2018, the PwC network was named as a Leader in Talent and Leadership Consulting. As a trusted partner, our People & Organization Practice can help you rethink and design organizational transformation, improve the effectiveness of your workforce and help manage your human capital risks.
Elaine Chan, Senior Associate, People and Organization
Michelle Shin, Senior Associate, People and Organization
Sarah Sumner, Senior Associate, People and Organization
Winona Bhatti, Associate, Consulting and Deals
Kim Vander Aerschot
Partner, PwC Canada
Tel: +1 416 814 5893