Gender diversity in the workplace refers to a fair representation of people of different genders within an organization. Nevertheless, diversity extends far beyond having the right mix of male and female employees in a workplace. It also encompasses paying equal wages to men and women regardless of gender and ensuring both genders have equal opportunities to advance.
Is Your Organization Gender Diverse?
Well, to get an answer to this question, you need to ask yourself the following pressing questions:
- Is your organization doing enough to provide a safe and healthy work environment for transgenders, women, and other non-binary employees that they hire?
- Does your company have a rigid anti-bullying and anti-harassment policy to protect the staff or the employees?
- Does your company follow any unconscious biased organizational processes and systems that discriminate against employees' gender?
- Is there sufficient gender diversity on your company’s board, executive team, and management roles?
Answers to these questions will give you a fair idea about where your company stands with respect to fostering gender diversity.
Medly As A Gender Diverse Workplace
At Medly, we strive to foster a non-gender biased working culture by ensuring that women at all levels have equal opportunities to represent and prove themselves. We’re committed to a diverse, inclusive work culture that encourages authenticity and cultivates a sense of belonging. We strive to provide all our employees, irrespective of their gender, with access to opportunities to reach their full potential. We're proud to foster a culture of equality that keeps our people at the forefront of an ever-changing industry.
Despite being a comparably new player in the Pharmacy Industry, we take pride in declaring ourselves as a diverse workforce, currently standing at 25% women diversity with the target to reach a 50-50 gender balance ratio soon. Furthermore, the company is committed to having equity in pay, fair promotions, and salary hikes, regardless of the employee’s gender. We can proudly say that Medly is an equal opportunities employer.
How Gender Diversity Boosts Organizational Productivity
The latest Harvard study performed on 1,069 leading companies across 35 countries and 24 industries worldwide found that gender diversity relates to more productive firms as quantified by revenue and market value. Hence, empowering a diverse workforce is one of the smartest investments a company can make in the transformation to be more productive. Here are three ways in which gender diversity can make a difference to the productivity of an organization:
1. Broadens The Talent Pool At The Organization
When companies fail to address gender diversity, it restricts the talent pool from coming into its organization. By encouraging more women to join the workforce, companies can tap into their talents and abilities, making a vast difference to organizational productivity. At Medly, gender equality is at the heart of our strategy for achieving equity in our employee experience, policies, practices, talent recruitment, representation, and retention.
2. Helps Understand Customer Needs Better
When it comes to making buying decisions, women are very influential; they control 64% of consumer spending and are the fastest-growing consumer group and that’s a lot of buying power to connect with! Considering that customers come from all gender backgrounds, having a diverse workforce helps understand your consumer needs better. Medly aims to integrate and embed gender equality considerations across all the verticals-from entry-level to leadership roles to enable our female employees to get equal access to all opportunities at our organization.
3. Helps Achieve Better Staff Retention
An inclusive work culture boosts morale and confidence amongst the employees and empowers them. Diverse and inclusive workplaces are known to have lower employee attrition rates indicating substantial savings in terms of time, efforts, and money spent on recruiting new talents. Medly is committed to following best practices to retain high-quality human resources. The company has monthly team-building budgets to organize fun and recreational activities to attract and retain creative and innovative employees. In addition to that, Medly offers competitive compensation packages in line with the market standards, irrespective of employee gender. The human resource management team in Medly uses coaching and mentoring to retain and develop employees with leadership potential across all genders.
Ensuring an equal and fair women representation in the workplace can have a positive impact on your organization. Having a diverse workforce not just makes your company highly engaged but also improves a company's financial performance. It also allows the organization to cater to an increasingly diverse customer base.
At Medly, we aspire to become a more diverse, equitable, and inclusive company by ensuring that women at all levels have equal opportunities to represent and prove themselves. We continue to work with our partners to promote gender diversity and the way we reflect our commitment to Diversity, Equity & Inclusion. You can know more about us here.