We have been celebrating National Women’s History Month all month, really, we celebrate women year-round. Especially women in the workplace. March gives us the opportunity to spend extra time reflecting and celebrating. We are a woman-owned business and keeping women in the workforce is in our roots. We started what is now Spot On Talent to advocate for women in the workforce. By matching female professionals with the right opportunity to leverage their strengths, women and their employers see a positive return. Layered with the economic importance of women in the workplace, March is the month to high five all the beautiful and talented women past and present!
Spot On Talent Celebrates Women’s impact in the labor force with these top 3 stats:
For Every 10% Increase in Women Working, We See a 5% Increase in Wages
When we uplift working women, everyone wins. Evenly integrating women into workplaces results in higher productivity overall – leading to higher wages for all. Spot On Talent celebrates the diverse perspectives women bring and the rise in wages that comes along with it.
More Than Half of Management Occupations Are Held by Women
In 2019, women held 51.8% of all management, professional, and related occupations. The 2020 Fortune 500 list revealed a record high for the number of women CEOs (37). In comparison, men held 463 CEO positions in the Fortune 50. A record high is a reason to celebrate! High five!
More than 1 in 4 women are considering downshifting their careers or leaving the workforce completely
Due to the pandemic, companies are at risk of losing women in all positions. Research shows that company profits and share performance are almost 50% higher when women are well represented at the top. Spot On Talent celebrates women’s contributions to the workforce to highlight the necessity of keeping the levels of working women rising.
“Company profits and share performance can be close to 50 percent higher when women are well represented at the top“
If you are at risk of losing talent, Harvard Business Review details 5 ways to Bring Women Back into the Post-Pandemic Workforce.
Women’s history month is not the only time to celebrate women in the workforce. Their importance runs throughout the year so here are some fun facts to educate yourself about the history and importance of working women.
- More than a million women joined the workforce between 1914 and 1918, helping to fill the gap left by a generation of military men.
- One recent study estimates that increasing the female participation rate to that of men would raise our gross domestic product by 5 percent. Our workplaces and families, as well as women themselves, would benefit from continued progress.
As a woman-owned staffing agency, Spot On Talent dedicates itself to helping companies of all sizes assemble a diverse and driven workforce. We will work closely with you to better understand your needs, and find Spot On employees for your company. Contact us today to speak with a staffing professional.
Spot on Talent is proud to be a women-owned, WBENC, WOSB and Texas HUB certified business.
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