PRESS RELEASE FROM The Centre for Gender Economics and Innovation 4 July 2015

“Rio Tinto’s boss Sam Walsh is dead right when he says, “We’re missing out on 32% of the talent that’s out there.” (SMH July 2, 2015) because of the gender gap in his company.” says Susanne Moore, the founder of the Centre for Gender Economics & Innovation, Sydney.

Walsh said he “is looking to fill the company’s senior ranks with more women, but says female employees need to be more confident”. Rio Tinto’s latest Workplace Gender Equality Agency report for 2014-2015 shows Rio’s overall female participation at 18.5% of the workforce and with a slightly higher rate of 22.6% as female managers and executives. This is on par with the resources industry average of 17% female participation overall. Moore says that “the good thing about resources is that they know that they have a gender balance problem, and they want to fix it, not just as a feel good measure – they know that it will increase productivity and performance”. The Centre for Gender Economics and Innovation works with the Australian Mines and Metals Association (AMMA) to roll out the AWRA Recognised™ program to increase women’s participation in that sector.

Walsh offers the idea that women don’t always have the confidence to come forward, unlike men that can be over confidence when it comes to their ability, women might hang back and not feel confident enough to promote themselves in the same way as men. Moore says that whilst this might be the case for some women, it is a generalisation and an oversimplification of the issue. Moore believes the issue of women being more visible is a result of long entrenched structural barriers in the way that we design and manage companies, behavioural expectations for leaders and cultural norms that can hamper women.

Research conducted worldwide by the Centre for Gender Economics and Innovation shows a clear link between improved gender diversity and business performance. Moore says, “Its just commonsense but many organisations are still unsure how to increase gender balance because they continue to look at the same old human resource solutions rather than looking more broadly at how they have gotten to the current position and then over lay that with a gender lens and this is Gender Economics”.

“Gender diversity remains one of the next frontiers in unlocking business underperformance and setting up a business culture for performance.   It’s the next business transformation,” says Moore.

Link to the SMH article here

ABOUT THE CENTRE FOR GENDER ECONOMICS AND INNOVATION

The Centre for Gender Economics & Innovation aims to be the global leader in bringing a “Gender Economics” lens to understand and improve business underperformance and enable a sustainable management of complexity.

ABOUT SUSANNE MOORE

Susanne is the Founder and Chair of The Centre for Gender Economics and Innovation and is credited with developing the emerging fields of Gender Economics (macro) and Diversity Economics (organisational). Now a Sociologist after a career in ICT and business, she has a focus on Gender, innovation and performance at an organisational level and as well as consulting, she is conducting a research project on ‘The Profit Impact of Organisational Gender Diversity programs”. She brings a practical business experience coupled with academic rigour to her consulting practice around Gender Economics.

CONTACT INFORMATION

www.centreforgendereconomics.org

http://awra.org.au/programs/awra-recognised-program/

For Media Enquiries and Further Information:

Tony Irvine

Director and CFO, The Centre for Gender Economics Pty Ltd

0417 691 758

Susanne Moore

Founder & Chair, Centre for Gender Economics and Innovation

0439 420 897

susanne.moore@gendereconomics.org