Saturday, 04 September 2021 18:15

Female education could be key to improving Latin America's economy

Written by Evelyn Alas

According to the Instituto Centroamericano de Administración de Empresas (INCAE), data on the sustainability of families and communities from a gender perspective are compelling:

  • Ten years of setback in women's occupation levels due to the pandemic, due to the surcharge of household care, according to ECLAC (Economic Commission for Latin America and the Caribbean).
  • According to the World Economic Forum's Future of Jobs 2020 Report, constant updating is recommended as the most in-demand jobs today are closely related to technological advances and there is "negative unemployment" for many jobs in these fields, with more vacancies than qualified candidates.
  • In most countries, women earn between 60 and 75 percent of men's wages, according to World Bank (WB) data.
  • Women account for just 14% of top management, 11% of executive boards and 10% of Parliament and local governments according to the Ethos Institute and the World Bank.

In its aim to support the sustainable growth of the Latin American region through the development of transformational leaders, INCAE launched an accompaniment platform for women called Executive Women on the Move, with which it will seek to contribute to their motivation to remain in the classroom at all levels of training.

Many of the women we know, or even we ourselves, hesitate to continue with our studies to improve the possibilities of professional development, because that competes directly with the time we spend on household chores (to which we dedicate an average of 47% more hours per week compared to men), according to CLACDS INCAE Calculations, with data from "Impact for Good, Facebook 2020".

"Today's in-demand professional skills are changing rapidly. Hard preparation and ongoing studies are required to stay ahead of the demands of the labor market. For this reason, our strategic life plans must include a permanent analysis of our environment, future opportunities, our capabilities, as well as our possibilities and sources of new learning. The effort, before being collective, must be individual. From personal growth we can then collaborate, contributing value to the collective, to the community," commented Camelia Ilie, Dean of Executive Education and Strategic Innovation and Chair of the Centro de Liderazgo Colaborativo y de la Mujer at INCAE.

The platform is regional and free, has the academic support of INCAE professors and close collaborators, and focuses on facilitating women's access to tools for self-knowledge (what are the specific challenges I face today in continuing my career?), defining priorities (how do I take advantage of this opportunity to find momentum and continue studying?) and effective accompaniment (what technical, professional and financial resources are available to me?).

Executive Women on the Move participants can expect a dynamic, solution-focused platform that will enable them to better understand where they are now and define how to properly focus their resources to design a tailored lifelong learning project.

"With balance between the personal and professional, and as a result of taking advantage of the refresher opportunities, we are confident that many doors will open in the professional world for the participating women”, said Gabriela Lucke, Director of INCAE's Center for Collaborative and Women's Leadership.

This initiative is supported by strategic allies who are also convinced that, by supporting women, we support the social and economic reactivation of the entire region. These allies are: Próxima Comunicación, Instituto El Arte del Cambio and BAC Credomatic, among others.

All women, companies and employers interested in Executive Women on the Move, can learn more and register through the following link: https://womenmove.incae.edu/