Recently the World Economic Forum produced their ‘Global Gender Gap Report’ which has been measuring the wage difference between men and women for 10 years – and the results of the 2015 report shows that there have been some massive strides in closing the gender gap in recent years.
Since 2006, an extra quarter of a billion women have entered the workforce while the number of female politicians is rising in many countries. But it’s not all good news: the report also shows how much work is required before the world achieves gender equality.
The Economist created a glass-ceiling index based on data from the Forum’s report as well as from the OECD, the European Commission and other sources, which measures how well OECD countries perform when it comes to equality for working women.
Each country’s score is a weighted average of its performance across nine indicators: higher education gap; labour-force participation; wage gap; share of senior managers who are women; women on company boards; childcare costs; paid maternity leave; share of GMAT (Graduate Management Admission Test) candidates; and women in parliament.
Finland comes out top as the best country for working women, followed by fellow Nordic nations Norway and Sweden. These countries score highly in most categories, and take the top spots in labour-force participation. Finland and Sweden have the highest scores for women aged 25-64 when it comes to higher education and the proportion of women in parliament.
Norway’s law requiring 40% of public limited company board members be women, which came into force in 2008, is paying off. The country secured the top spot for the most women in boardrooms. However, it ranks considerably lower (15th) for the number of women in senior managerial positions. In this category, the United States takes the top spot with a 42.7% share of female senior managers.