Gender balance index

Meaning & Definition

Gender Balance Index is a tool that is used to measure gender equality within the government as well as among the workforce. It evaluates the degree to which men and women participate in leadership, employment and in making decisions. By evaluating these measures, the gender balance index enables organisations and authorities to achieve a greater balance and inclusiveness within the workforce.

Importance of Gender Balance

• Tracks and improves gender equality within all sectors. 
• Provides equitable representation in positions of leadership. 
• Maintain diversity, equity, and inclusion (DEI) initiatives. 
• Enhances an organization’s ability to perform better and innovate new ideas. 
• Produces a strengthened global image and the ability for an organization to compete on a worldwide market.

Legal Compliance 

• National initiatives exist to promote workforce inclusion and gender equality.
• Equal pay laws mandate that businesses treat their workforce fairly when compensating them.
• Benchmarking will allow government entities to compare their gender balance against one another.