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" More women in the workforce – making sense for business and the economy"

Explore the untapped potential of women in the European workforce to enhance economic growth. Address key challenges and strategies.

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" More women in the workforce – making sense for business and the economy"

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  1. "More women in the workforce – making sense for business and the economy" Wallis Goelen, DG Employment, Social Affairs and Inclusion Dublin 29th & 30th April 2013

  2. Women are still under-represented in the European workforce

  3. A lower labour participation due to financial disincentives The taxes to be paid resulting of the increase in gains The reduction of benefits • The combination of these parameters might hamper the expected income gain due to job take up. • Expected earnings from labour market participation • The pay gap is still of 16,2% in 2011 Cost of childcare

  4. Women are a huge untapped workforce potential to boost european economy Women are a skilledworkforcepotential Ageing population and decreasing fertility Work force and skills shortage • 60% of university graduates are female • OECD has shown that a 50% decrease in the gender gap in labour force participation rates will lead to an increase in the GDP per capita annual growth rate of 0.3 p.p. • Paying women and men for their actual skills and valuing their contribution on an equal basis lead to the recruitment and retention of the best and most talented staff.

  5. The European Commission addresses these challenges in its political agenda • 2020 strategy Althoughthereis no definittarget, itisexplicitlystatedthat… …The employment rate of the population aged 20-64 should increase (…) to at least 75%, including through the greater involvement of women

  6. The European Commission addresses these challenges in its political agenda • EPSCO Conclusions (feb. 2013) • Joint employment report (2012) • Country specificrecommendations (2012) To provide quality, available and affordable childcare supports for women • To reduce fiscal disincentives for second earners

  7. The European Commission addresses these challenges in its political agenda • AnnualGrowth Survey 2013 Increasingemployabiliy by investing in skills Promoting voluntary flexible working arrangements

  8. The European Commission addresses these challenges in its political agenda • Annual Growth Survey 2013 • Joint employment report (2012) Reducing long-termunemployment by investing in active policies

  9. THANK YOU FOR YOUR ATTENTIONQuestions

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