As the European workforce ages, it raises the possibility that more women will exit the job market to care for the growing elderly population, the report warns. “Leaders risk failing to develop enough qualified workers in Europe to deliver on economic growth,” said Patricia A. Milligan, Global Leader, When Women Thrive at Mercer.
“This is a wake-up call,” said Ms. Milligan. “Leaders should focus not only on getting women to the C-level, but on making sure their organizations have the pipeline of women to follow and maintain their progress with women’s representation.”
When Women Thrive shows a similar flattening of opportunity for women in the United States and Canada. Currently, 39% of positions at the professional level and above are held by women, a share that will rise by merely 1 percentage point by 2025, Mercer projects, unless organizations act to reduce differences between women and men in rates of hire, promotion, and retention.Read More