DIVERSITY and inclusion. Through the years, these two buzzwords have inched their way to the heart of many companies' management blueprints, and all for good reasons. As companies realize their expanding societal responsibilities, addressing gender inequality in the workplace has climbed to the top of boardroom agendas. Management now understands that workspaces where diversity and inclusion are embraced and practiced create an ideal breeding ground for strategic visions instead of formulaic solutions. This, in turn, makes the company more transformational and adaptable to a fast-changing business environment.
Shifts in work models due to the pandemic actually helped and the results are optimistic, particularly for the Philippines. According to Grant Thornton's 2023 Women in Business (WIB) Report, an increase in the overall number of women in senior leadership roles continues among many mid-market firms. In the Philippines, nearly half or 49 percent of senior management roles are currently held by women, from 39 percent in the previous year. The progress was attributed to pandemic-related shifts in work models seen to have been beneficial for women leaders. More than half of mid-market firms surveyed said their organizations were utilizing a hybrid work model post-Covid, with 52 percent agreeing that their current work framework helps ensure visibility for more women staff.
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