The employment rate for women in the UK is now 69 per cent – the third highest of the G7 countries, behind Germany and Canada, but above the USA, Japan, France and Italy.
Upon finding out the government statistic, Caroline Dinenage, minister for women and equalities, said: “The facts speak for themselves – we have more women in work than ever before, over 25 per cent of boards are now made up of women and the gender pay gap is the lowest on record.
“But that doesn’t mean we stop and pat ourselves on the back. We need to continue to push this work forward. That is why we will be requiring employers with at least 250 employees to publish gender pay gap and bonus information, reviewing how we can get more women into executive positions and ensuring that young women and girls are inspired and have the opportunity to reach their full potential.”
Read more articles about time management:
- Seven time-saving apps to boost productivity
- SME growth more likely to happen with effective time management
- Is technology taking too much of your time?
Indeed, women seem to be making great strides, but blow LTD research sought to discover where in the UK women were pushing the boundaries in terms of working hours.
London’s female workers complete on average 1,631 hours a year (75 hours or ten typical working days more than the rest of the UK’s female workforce) while for Scottish female workers the figure is 1,626 (70 more than the rest of the UK). Working women in the North West were the third hardest workers with 1,570 hours a year, representing 14 hours more than the rest of the UK.
The research also highlighted those working women aged 22–29 were on average working 1,692 hours a year (136 hours or roughly 18 typical working days more than the rest of the female workforce). Women in work aged 30–39 completed on average 1,631 hours a year (75 hours or ten typical working days more than the rest of the UK). And women aged between 40–49 clocked in 1,515 hours a year – 42 hours or roughly six days a year less than the average UK working woman.
blow LTD also identified a growing emergence of time-poor working women. Fiona McIntosh, co-founder of blow LTD, said: “Our research highlights the levels of time poverty faced by working women across the UK. There are more working women than ever before, and those women – whether millennials or working mums – are putting in significant hours. With increasing pressures at work, comes a greater burden in our social media mad world, to look well groomed.”
For many entrepreneurs, time is a key constraint to growing a business. But in order to help entrepreneurs relieve their time bottleneck, assistant professor Onesun Yoo from UCL School of Management scientifically revisited the popular mantra of “invest time now to save time later”.
Concerned with issues surrounding gender diversity in business? Don’t miss the Real Business First Women programme:
Drawing on years of the First Women movement and the phenomenal network of pioneering women the Awards has created, this programme features The First Women Awards and The First Women Summit – designed to educate, mentor and inspire women in all levels of business.