Ireland ranked in bottom half globally for gender pay equality
Ireland has ranked 62 out of 120 countries in the world when it comes to the gender pay gap, according to a report from the Adecco Group.
While the country ranked 13 in the world for talent competitiveness, according to the Global Talent Competitiveness Index (GTCI), the country performed poorly in the area of gender equality.
Ireland was amongst the top performing countries in terms of social inclusion, especially when it comes to tolerance of both minorities and immigrants on which it ranks fourth.
However, its poor performance in areas of gender equality suggests that it still has a way to go to fully leverage the benefits of diversity for competitiveness.
"More must be done to promote diversity, especially when it comes to establishing gender equality in the workplace," John Marshall, CEO NA, UK & Ireland, Professional Staffing, the Adecco Group said.
"By developing a true culture of diversity and inclusion, rather than letting it be another tick box exercise, Ireland can ensure that it remains a top destination for workers, with the right talent to effectively compete in the global economy," he continued.
The index, which measures countries’ ability to attract, retain and grow talent, found that Ireland’s success in attracting and fostering talent that resulted in its ranking of 13 for talent competitiveness can, in part, be attributed to its position in securing foreign direct investment.
The GTCI looked at 68 different variables in determining a country’s 'talent competitiveness', ranging from collaboration within organisations and foreign direct investment to the gender pay gap, labour productivity and university rankings.
Switzerland topped the list for talent competitiveness, followed by Singapore and the United States.
The report suggests that by creating a truly diverse and inclusive corporate culture companies can gain a competitive advantage that will enable them to not just better attract and retain talent, but also create a high performing workforce.