Gender Equality at Work can Promote Economic Growth in SA’s Tech Industry – Report

Posted on April 18th, 2018
Biz News

Gender equality at Work can Promote Economic Growth in SA's Tech Industry - ReportChanging gender perceptions and behaviour towards women in the workplace can promote economic growth in South Africa’s emerging tech industry, a recent report by PricewaterhouseCoopers revealed.

The report released by PwC on Tuesday says the imbalance between men and women in the technology sector is unlikely to be redressed as females remain significantly under-represented.

Women currently hold 19 percent of technology based jobs at 10 leading global companies, while men have 81 percent.

The report says 28 percent of women hold leadership positions at the same global technology companies, versus 72 percent of men.

Chief Economist for PwC Africa, Lullu Krugel, said the lack of female representation in the workforce was a barrier to gender equality, and that closing the gap would help alleviate poverty while low-income households would receive an estimated 2.9 percent more income than before.

Economists estimated that if the gender gap was closed, both in terms of representation and they pay gap, by 10 percent, South Africa could achieve higher economic growth.

The report further suggests that organizations, schools and universities work together to change perceptions about the technology industry.

Education is one in a multifaceted interplay of drivers that will bring more women into skilled jobs, especially in science, technology, engineering and mathematics (STEM) fields.

Cultivating an interest in STEM fields must start as early as possible, at school and in higher education, from an early age. (va African News Agency