The Asia-Pacific region has made great strides in female participation in the workforce over the past few decades. But while rising numbers of women are entering the job market, there is a high turnover of female staff and only a handful of women are crashing through the glass ceiling.
Why does this matter for Thailand and Asia as a whole? Because if the region wants to rekindle its strong economic growth, create inclusive prosperity and reduce inequality, then capturing and managing the underutilised role of women in the workplace is an obvious way of helping to achieve this.
The World Bank Group tackles together with governments and companies this complex challenge. It is clear that the private sector has a particular role to play. Companies provide nine out of 10 jobs in developing countries. But currently, firms do too little to tap the potential of women. They are missing the chance to build long-term sustainable organisations that will better serve their clients, employees and national economies. Make no mistake about it: for firms small and large attracting and retaining women is not a charitable activity. It makes concrete business sense.
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