SMEs should look to women for growth

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Small and medium-sized enterprises (SMEs) looking to boost growth and help the ailing UK economy at the same time, should look no further than the women in their companies.

 

That is according to a report by the Women’s Business Council (WBC), which says more must be done to “unblock the talent pipeline” and support females in their careers, HR Magazine reports.

 

While many SMEs may not consider optimising career development in women, ensuring they have the same opportunities as men is essential, the WBC believes.

 

Not only will this help to boost business, but it could also increase economic growth by 0.5 per cent a year, with potential gains of around ten per cent of gross domestic product by 2030.

 

Chair of the WBC, Ruby McGregor-Smith, said: “We need to ensure that at every stage of a woman’s career she has the opportunity to learn skills, develop and contribute.”

 

“If we can achieve this, we will unblock the talent pipeline that for so long has restricted women from reaching the most senior levels in business and we will deliver economic growth.”


Posted by the Secret Businessman