The Future of the Job Market: Gender Equality


With so many talented female professionals taking the world by storm, gender pay gap has become a widely discussed topic. According to the World Economic Forum, 2017 signified a fundamental shift.  Gender equality gap has widened for the first time in decades. However, is the situation really getting worse?

We have made 4 lists which include the countries with the smallest gender equality gap, based on different parameters.

Below are the top 10 countries with the greatest overall gender parity. We took into consideration such factors as educational attainment, business opportunities, wage rates, economic and political participation:

  1. Iceland
  2. Norway
  3. Finland
  4. Rwanda
  5. Sweden
  6. Nicaragua
  7. Slovenia
  8. Ireland
  9. New Zealand
  10. Philippines
  11. France
  12. Germany

The next list represents the countries with the smallest gender wage gap:

  1. Costa Rica – 1.8%
  2. Luxembourg – 3.4%
  3. Belgium – 4.7%
  4. Italy – 5.6%
  5. Denmark – 5.8%
  6. Turkey – 6.9%
  7. Colombia – 7.1%
  8. Norway – 7.1%
  9. New Zealand – 7.8%
  10. Hungary – 9.4%
  11. France – 9.9%
  12. Iceland – 9.9%

The following data shows the percentage of female entrepreneurs (total population) who receive sufficient training and financing:

  1. Finland – 90%
  2. New Zealand – 70%
  3. Australia, Canada, Estonia, Iceland, Sweden, – 65%
  4. Austria – 60%
  5. The US, Ireland – 58%
  6. Denmark – 55%
  7. The UK, Portugal – 53%
  8. The Netherlands, Spain – 50%
  9. Belgium – 47%
  10. Luxembourg – 45%
  11. Germany – 42%
  12. Hungary – 40%

The final rate demonstrates the percentage of women inventors against the country’s total population:

  1. Latvia – 27%
  2. Portugal – 20%
  3. Russian Federation – 18%
  4. Spain, Mexico – 16%
  5. Chile – 15%
  6. Poland, Turkey, Estonia – 14%
  7. France – 13%
  8. Greece, Canada, Slovenia – 12%
  9. Slovak Republic, Belgium, Israel, Czech Republic, Denmark – 11%
  10. Australia, the US, Switzerland – 10%
  11. Finland, Hungary, Iceland, Italy, the Netherlands, New Zealand, Sweden, the UK – 9%
  12. Ireland, Luxembourg – 8%

Overall, some of the results were very much expected. Meanwhile the others came as a complete surprise. What do you think?

Nonetheless, many countries are investing a lot of effort into gender parity. Which is fundamental to whether and how economies thrive. Ensuring full development and appropriate deployment of half of the world’s total talent pool has a major impact on the growth, competitiveness and future-readiness of businesses worldwide.

Are you a professional looking for a new challenge? Contact Bradford Jacobs to see how our experts can help you develop opportunities in the new markets.