Channel Islands Women in Work Index 2019
boost to GDP in CI from increasing female employment rates to match Sweden’s rates
gender pay gap
= 6% boost to Guernsey's GDP
= 6% boost to Jersey's GDP
Creating opportunities for women would boost the Channel Islands’ economy – matching female employment rates in Sweden could increase GDP in Jersey and Guernsey by 6%.
How can policymakers, educators and businesses realise this untapped potential? How can women who want to work, earn more and advance their careers, seize the opportunity?
The Channel Islands’ continued competitiveness as an International Finance Centre is essential to attract global business that has driven our growth and prosperity for decades. Yet in a rapidly changing world, the Channel Islands have an even greater need for talent and key skills than ever to deal with disruption and to capitalise on new opportunities for growth. Globally, one of the biggest opportunities is in the Alternative asset and wealth management (AWM) – a sector that has been one of the architects of our success to date. How do we ensure we have the right skills and talent to put us in the strongest position to seize these opportunities and cement our position as the leading jurisdiction in the industry?
“The world will never realise 100% of its goals if 50% of its people cannot realise their full potential. When we unleash the power of women, we can secure the future for all.”
Revitalise our eastern seaboard
Enhance international air links
Investment in schools
Ageing population is a problem
Investment in schools
On 6 and 7 March, we hosted events in both Guernsey and Jersey to highlight the benefits of having a diverse leadership team in business and how this links directly to higher economic performance.
During a week which celebrated International Women's Day (8 March), the packed events, entitled ‘Women in Work: The Key to Economic Success in the Channel Islands’, delved deeper into how more women participating in work, more women leading local businesses, more women creating new businesses and closing the gender pay gap would give a massive lift to our local economy.
This ground-breaking cross-industry initiative follows a PwC research study which reveals that in the UK:
5% of leadership positions in the technology sector are held by women
of females would consider a career in tech, compared to males
of females say a career in tech is their first choice
Girls are less likely to study STEM subjects at school and this continues through university and into their careers
78% of students can’t name a famous female working in technology
of females have had technology suggested to them as a career, compared to males