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TheBusinessofEmpoweringWomen November18 2009 PresentationattheWorldBank sGAPEventWorkingWomen BetterOutcomesforGrowth CONFIDENTIALANDPROPRIETARYAnyuseofthismaterialwithoutspecificpermissionofMcKinsey Companyisstrictlyprohibited 1 McKinsey Company sSocialSectorOfficehelpstheworld sleadinginstitutionsdevelopandscaleupsolutionstomajorsocietalchallenges GlobalPublicHealth EconomicDevelopment Philanthropy Education ClimateChange 2 TheBusinessofEmpoweringWomenisafurthercontributiontothemissionofourSocialSectorOffice Presentsacaseforwhyandhowtheprivatesectorshouldeconomicallyempowerwomenindevelopingcountries McKinseyinsight McKinseyQuarterlyGlobalSurveyof2 300seniorprivatesectorexecutivesworldwideOuranalysis expertiseandexperience includingourworkonwomenandprivatesectorengagement ExternalInsight Morethan50interviewswithsocialandprivatesectorexpertsandleadersengagedinthisfieldReviewofleadingresearchandactiononthetopic TheWorldBankandPSLFcollaboration MemberoftheGlobalPrivateSectorLeadersForumoftheWorldBankGroup sGenderActionPlan PSLF ImportantinsightsprovidedbythePSLFteamandmemberorganizations Informsimpactfulactionbytheprivatesectorateachstageofwomen slives TheBusinessofEmpoweringWomen anddrawson 3 Thecaseforeconomicallyempoweringwomen Economicallyempoweredwomen createhealthierandmoreproductivesocieties helpprivatesectororganizationsachievetheiraspirations and 4 Onlyonefifthofrespondentsreportthattheircompanies effortsfocusspecificallyonwomen Engagementfocusesspecificallyonwomen Engagementdoesnotfocusspecificallyonwomen Privatesectordevelopment Povertyreduction Education Accesstolawandjustice Total Healthoutcomesimprovement Note Totalincludesprivatesectororganizationswhoseengagementincludesgenderequality women seconomicempowerment Percentageselecting Doesyourcompany sengagementintheissuesselectedbyyouaskeytoeconomicgrowthindevelopingcountriesandemergingmarketsfocusspecificallyonwomen 5 Butoutofthosewhodo morethantwothirdshaveseenorexpecttoseehigherprofitsasaresult viaanumberofways 30 Newlyopenedmarketsandfairertrade ImprovedrelationshipwithinternationalNGOsormultilaterals Anincreaseinemployeeproductivityandretentionindevelopingandemergingeconomies Anincreaseinthepoolofskilledandaccessiblelabor 66 64 Anincreasedabilitytorecruittalentindevelopedcountries 57 38 Creationofnewmarketsorexpansionofexistingmarkets 58 Animprovedrelationshipbetweenthecompanyandgovernmentofficials 40 Enhancedbrandreputation 59 Percentageselecting Inwhatwaysdidorwillsuchengagementwithwomengeneratehigherprofitsforyourcompany 72 reportedlinktotheirorganizations increasedprofitability 6 Whattheprivatesectorcandotomakeadifference Impactfulactionstodriveeconomicempowermentofwomenateachstageoftheirlives Provideeducation vocationaltraining andemploymentopportunitiesSupporteducationalscholarshipsortrainingopportunitiesthatleadtohigherlevelsofeducationand orbetteremploymentProvidetraininginhigh demand well paidvocationalskillsBuildself esteemandconfidenceHelpdeliverprogramstoincreaseself esteemProvidementorstoadviseandserveasrolemodels CreateopportunitiesforwomenMakewomenawareofemploymentopportunitiesandhowtoobtaintheskillsrequiredtocapturethemActivelyrecruitwomenforjobsAdvocateforandenforcenon discriminatoryhiringpoliciesHelpretainanddevelopwomenSupporttheneedsofwomenintheworkplace e g withmaternityandfamilyleave healthcarebenefits childcare Extendcredittofemaleentrepreneurs ontermsthatrecognizetheuniquechallengesandcircumstancesfacingwomeninthedevelopingworldAdvocateforcreditstandards propertyrightsprotections andassetdocumentationrulesthatdonotdisadvantagewomen Helpprovidesecure preferablyon site savingsaccountsforemployeesProvidefinancialliteracytraining includingretirementstrategiesSupportextensionofhealthcare disability andretirementbenefitstowomen Incomereadiness Employment Financialsecurity Entrepreneurship 7 Movingforward Supportingwomen seconomicempowermentisagoodbusinessandmoreprivatesectororganizationswilljoinin Performanceimprovement Statedneedoflocalcommunities Additionalvaluetobegenerated Don tknow Other Media NGOpressure Globalgivingtrends Corporatetradition culture Employeeinterest PersonalinterestofCEO board seniormanagement Percentageofrespondents 67 ofoursurveyrespondentsex
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