ACCA asks: “Another 135 years to narrow the gender gap?”
According to World Economic Forum, due to the impact of Covid-19, the global gender gap has increased from 99 to 135 years. The global pandemic further adversely affected woman in terms of health, an upsurge in domestic violence and social factors. The OECD shows women were the first victims of the economic crisis caused by the pandemic.
82% of women asked by Deloitte said that the pandemic has negatively impacted their lives. 77% of respondents reported having had an increase in their workload in paid employment, while 59% are carrying out more domestic tasks. Looking at the image below, I cannot resist the feeling how perfectly it mirrors my experience and that of my female colleagues over the last two years.
Do we need women in business?
Increasing the effort to close the gender gap in Central and Eastern Europe could unlock 146 billion euros in annual GDP by 2030 and considerably solve CEE’s labour shortage as the region currently has 630,000 vacancies. That could put the region squarely back on a path to dynamic growth after the challenges of the Covid-19 pandemic - according to the McKinsey report: Win-win: How empowering women can benefit Central and Eastern Europe.
Solutions are already here
Simple steps, significant leaps
ACCA is in a strong position when it comes to gender balance – our membership has a 50/50 gender split, and our Council and executive team are also balanced in terms of men and women. But there is still work to be done, for us – as the professional organization – and globally within the business.
That is the reason why ACCA shares the stories of its female members. One person’s story can help others to boost their self-confidence and motivation to succeed. Reflecting on our own lives is a valuable exercise and hindsight is a wonderful thing, where we may see our decisions in a different light and consider how things have developed.
In upcoming months, we will share interviews with finance professionals; successful women from Ukraine, Poland and other CEE countries. We hope it will provide inspiration and inform your own moment of reflection.
You can start now by reading the report: Leading inclusion: simple steps significant leaps and registering for the ACCA CEE International Women’s Day Conference (details soon). Look around, maybe you can be an inspiration for others, or you could start an in-depth discussion among your community on gender parity.
 Read more about Ethel: https://www.accaglobal.com/in/en/member/member/accounting-business/2019/02/insights/gender-balance.html
 -Women at Work in G20 countries- OECD – ILO https://www.oecd.org/gender/OECD-ILO-2021-Women-at-WorkP%C3%B6licy-Action-Since-2020-G20-Italy.pdf