Workplace gender equality is vital for economic growth. With women making up 50 percent of the working population, but only contributing 37 percent to the GDP, it’s important to realize that their financial success is crucial for the global economy.
In order to see this success, women will need proper training and economic incentives to be economically stable. One small business owner, Daniel Vàsquez, moved his plantain processing plant from Tegucigalpa to Valle de Jamastràn in order to tap into the markets of smallholder farmers, both male and female alike.
Vàsque’s business, Dartma, processes the plantains that are used to make chips and other snack foods throughout small convenience stores in rural Honduras. His business model prioritizes gender equality throughout the workplace and was created by TechnoServe, a nonprofit that focuses on business solutions to poverty.
Dartma purchases produce from male and female farmers, and has a gender-balanced sales and production staff—individual talent determines who works where.
Vàsquez explains broadly, “There’s balance. Women are more creative in some areas, they’re detail-oriented, they’re better at product quality control. Men are better at activities requiring physical strength, like carrying materials.”
After implementing TechnoServe’s goals towards gender equality in the workplace, Dartma saw a 20 percent increase in revenue after one year. With more growth, he hopes to one day provide parental leave to his female employees.
According to global management firm McKinsey Global Institute (MGI), advancing women’s roles in the workforce can contribute $12 trillion in global growth by 2025.
For women to contribute more to the economy, there must be more gender equity at work. This requires adequate training that provides the skills females need to perform well in higher-productivity jobs, along with equal benefits and pay from the employer.
An MGI report states that in order to achieve gender equality at work, there must be economic development and a change in society’s attitude towards gender equality.
Over the last 30 years, these social attitudes have already improved, which has contributed to a 19.7 percent increase in female workforce participation last year, according to the same report. If this growth is maintained, nearly 240 million people will be added to the world’s labor force by 2025.
Daniel Vàsquez shares why he values the women who work for him and supports gender equality in the workplace. He states, “The main benefit of buying raw materials from women is that they deliver a higher quality product, they always deliver the right order and on time. The other benefit is that the money reaches their hands and they invest it in their children.”
– Kelsey Lay
Sources: McKinsey Global Institute, TechnoServe
Photo: Latin Correspondent