Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Skills not stereotypes

18 August 2011

Skills not stereotypes

New Zealand needs a sharper focus on skills not stereotypes, says Ministry of Women’s Affairs Chief Executive, Rowena Phair, speaking to the Institute of Directors (IOD) today.

Ms Phair was discussing findings from the recent Goldman Sachs report ‘Closing the Gender Gap: Plenty of Potential Economic Upside’ which looks at how New Zealand women are utilised in the economy.

“New Zealand women are highly skilled by world standards. But, many are employed in stereotypical roles with lower levels of pay and are not following male colleagues to more senior positions.

“Male graduates earn 7 percent more than women one year after they start work and that difference continues to grow.

“The Goldman Sachs report shows there are significant gains to be made by broadening the sectors women work in, their seniority, and increasing the number of women in senior governance roles. Goldman Sachs identifies an increase of up to 10 percent GDP by adopting such measures.

“The report also suggests the rebuild of Christchurch could be assisted by women entering non-traditional fields of work.

“We know there is a positive relationship between women on boards and better financial performance. Companies with diversity around the Board table fared better during the recent global financial crisis.

“The challenge now is for employers to test their own unconscious bias which stops them employing or promoting women, and for women to push through barriers into different sectors and higher paying roles.

“This is not about being politically correct – it’s about creating a successful economy and society for all New Zealanders.

“I applaud IOD’s newly announced mentoring scheme. The scheme will increase the pool of women ready for senior governance roles and increase diversity in New Zealand’s boardrooms.

“The work the Ministry of Women’s Affairs is continuing to lead includes recommendations Goldman Sachs made in the report”.

These include:

• investigating the fields of study and career choices of young women and young men
• identifying emerging industries and ways to increase women’s employment in those industries
• working with employers to encourage more women into trades
• increasing the number of women on boards and in leadership roles.

The Ministry of Women’s Affairs and the Trans-Tasman Business Circle will host an event for key business leaders later this month to report on the Goldman Sachs findings.

ENDS

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Commerce Commission: Latest Broadband Report Confirms Improved Performance Of Premium Fibre Plans

The latest report from the Commerce Commission’s Measuring Broadband New Zealand programme shows that the performance of Fibre Max plans has improved substantially. This follows a collaboration between the Commission, its independent testing partner, ... More>>

Air New Zealand: Capital Raise Deferred

Air New Zealand has decided to defer its planned capital raise to later in 2021 allowing more time to assess the impacts of recent developments on the airline’s path to recovery. 'We’ve seen some clearing of COVID-19 clouds recently, with ... More>>

Commerce Commission: Cartel Conduct Now Punishable By Up To 7 Years’ Jail Time

Cartel conduct can now be punished with a term of imprisonment of up to 7 years, after the Commerce (Criminalisation of Cartels) Amendment Act 2019 came into effect today. Cartel conduct includes price fixing, market allocation and bid rigging (see ... More>>

Stats NZ: Auckland Population May Hit 2 Million In Early 2030s

Auckland’s population may rise from about 1.7 million currently to 2 million by early next decade, Stats NZ said today. “Auckland will likely have the highest average annual growth of New Zealand’s 16 regions over the next 30 years, from ... More>>


Stats NZ: March Card Spending Rebounds Despite COVID

There was a lift in retail card spending in March following a fall in the lockdown-disrupted February month, Stats NZ said today. Seasonally adjusted retail card spending rose by $53 million (0.9 percent), compared with February 2021. Visit our website to read ... More>>

PwC: Outcome Of Review Into Air New Zealand Gas Turbines Business

Air New Zealand has received the report into its Gas Turbines business from independent external advisers PwC. Air New Zealand Chairman Dame Therese Walsh says the report identified a range of effective controls in the Gas Turbines revenue contracting ... More>>

LPG Association: Renewable LPG Achieves Emissions Budgets With No Need To Ban New LPG Connections

Renewable LPG can supply New Zealand’s LPG needs and achieve the emissions reductions proposed by the Climate Commission without the need to ban new connections, a new study shows. The investigation, by leading consultancy Worley, was prepared for the ... More>>