Creating opportunities for women would boost the Channel Islands’ economy – matching female employment rates in Sweden could increase GDP in Jersey and Guernsey by 6%.
How can policymakers, educators and businesses realise this untapped potential? How can women who want to work, earn more and advance their careers, seize the opportunity?
Realising the untapped potential
Women are a critical but still under-utilised source of talent and economic dynamism
The Channel Islands’ continued competitiveness as an International Finance Centre is essential to attract global business that has driven our growth and prosperity for decades. Yet in a rapidly changing world, the Channel Islands have an even greater need for talent and key skills than ever to deal with disruption and to capitalise on new opportunities for growth. Globally, one of the biggest opportunities is in the Alternative asset and wealth management (AWM) – a sector that has been one of the architects of our success to date. How do we ensure we have the right skills and talent to put us in the strongest position to seize these opportunities and cement our position as the leading jurisdiction in the industry?
“The world will never realise 100% of its goals if 50% of its people cannot realise their full potential. When we unleash the power of women, we can secure the future for all.”
Key results
Five key measures
- The gender pay gap
- Female labour force participation
- The gap between male and female labour force participation
- Female unemployment
- Female full-time employment
Headlines
- Significantly high number of ‘non employed’ women
- Gender pay gap is high at 21%
- No female unemployment
- Lots of women in work but working in lower paid roles or working part time
Impact of GDP economic boost
Guernsey
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Jersey
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PwC's Women in Work events in Guernsey and Jersey
On 6 and 7 March, we hosted events in both Guernsey and Jersey to highlight the benefits of having a diverse leadership team in business and how this links directly to higher economic performance.
During a week which celebrated International Women's Day (8 March), the packed events, entitled ‘Women in Work: The Key to Economic Success in the Channel Islands’, delved deeper into how more women participating in work, more women leading local businesses, more women creating new businesses and closing the gender pay gap would give a massive lift to our local economy.
Women returners
- The £1 billion career break penalty for professional women
- 427,000 professional women returning to work from career breaks
- 3 in 5 professional women return to lower-skilled or lower-paid jobs following their career breaks
- £1.1bn potential earnings gains to professional women from addressing the career break penalty
- £1.7bn potential boost to GDP from addressing the career break penalty
Women in Technology
This ground-breaking cross-industry initiative follows a PwC research study which reveals that in the UK:
5% of leadership positions in the technology sector are held by women
of females would consider a career in tech, compared to males
of females say a career in tech is their first choice
Girls are less likely to study STEM subjects at school and this continues through university and into their careers
78% of students can’t name a famous female working in technology
of females have had technology suggested to them as a career, compared to males
Interviews
1:09
Q1. Is there a gender equality issue in Guernsey?
1:58
Q2. What should government, business and education do to accelerate gender equality at work in Guernsey?
4:42
Q3. Why do you think increasing female participation at work is a good idea?
Contact us
Marketing and Communications Director, PwC Channel Islands
Tel: +44 7700 838353
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