A recent report commissioned by eBay using data from the National Office for Statistics predicts that by 2025 businesses run by mums will generate £9.5bn for the UK economy as well employing over 200,000.
It’s hard to say how may of these women have stepped out of corporate life but its crystal clear many women want to have a family and realise their career potential and are finding their own way to do this.
Our website now carries a number of statistics and links to reports and data which highlight the business case to convince those who may still need some convincing.
Here’s a list of further resources:-
- 51% of women working part-time and below their potential said they were only doing so because they needed to combine work with caring for children.
- Half of the net growth in female employment in 2014 came from women moving into lower paid part-time jobs.
- 57% of businesses said hiring returning mothers significantly increased productivity by reducing induction and training costs.
- Research by Ernst & Young has shown that women working part-time are the most productive in the workforce, wasting just 11.1 per cent of their working hours compared to 14.5 per cent for the rest of the workforce., and 14.2% of men working part time.
- A study of the Fortune 500 by Catalyst demonstrated that companies in the highest percentile of having women on their boards outperformed those in the lowest percentile by 53% in terms of a higher return on equity, 42% higher return on sales, and 66% higher return on invested capital.
- Companies with more women on their boards outperformed those with no women by 17% higher return on sales and 54% higher return on investment according to a Danish study.
- It’s also been shown that having women in senior management roles or on boards significantly increases the success and profitability of companies:
- A report on mothers in the workforcerevealed that 93% of businesses said offering flexible working hours was the top way of keeping women in the skilled workforce. Flexible working practices have also been showngenerally to increase staff retention and reduce absenteeism, increase business productivity and improve employee relations.
- A McKinsey report revealed that businesses with the most women on their boards of directors outperformed those with no female board members by a huge 41% in terms of return on equity.