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Data is essential. It allows organizations to identify the cause of problems more effectively. And when it comes to gender equality, organizations still struggle to collect and use data that highlights the unique experiences of women, uncovers barriers to gender equality, and demonstrates what works to improve the lives of girls and women.
As a result, policy-makers make decisions without full knowledge of women's and girls' lives, which affects not only women and girls but also your organization's growth and success. Some researchers believe that gender diversity leads to more innovative thinking and shows investors that the business is doing well.
Here we will discuss how better gender data can assist your organization in promoting gender equality as well as fostering a more diverse and productive work environment.
Better gender data gives you more accurate and reliable information
To drive policies that promote gender equality, we need good gender data. Having accurate and complete data is crucial to achieving sustainable development goals. And the problem with gender data is that there is so little data that companies have about women, and the way that data is compiled is outdated, so it does not accurately reflect reality.
So policymakers around the world only have access to biased or incomplete data that does not accurately reflect the lives of women and girls. And it needs to be changed!
Female empowerment comes from better gender data
With better gender data, organizations can equally represent women on the board or the recruitment of diverse officials. Participating in things like gender equality, an inclusive corporate culture, and work-life balance (including maternity and paternity leave) can also help organizations attract the best talent.
By utilizing MERIT500 gender data, organizations have access to exclusive information about female candidates in key positions, helping them to recruit the best candidates while maintaining a gender balance and empowering women in their workforce.
Research shows that when women serve as leaders and employees of companies in industries traditionally dominated by men, companies benefit and improve their performance.
To understand the true benefits of diversification, leaders and managers must carefully consider the gender balance data of specific business units when designing and implementing diversification strategies. Many companies need to do more to fulfill their promises and regard gender diversity as a business priority.
The unique database of MERIT500 helps improve gender equality by ensuring that women and girls are identified and targeted correctly and by analyzing data on results based on gender-sensitive effects. This includes giving women equal opportunities, equal representation, and collecting more accurate gender data.