Why employers must provide equity of support to employees – and not just because it’s International Women’s Day

by | Mar 8, 2024

Share this article

As the theme of this year’s global International Women’s Day (IWD) taking place today, is to ‘inspire inclusion’, Towergate Health & Protection is reminding employers of the importance of providing female employees with equal, adequate, and appropriate support throughout their careers.

Two of Towergate Health & Protection’s inspirational women have provided their thoughts regarding changes needed relating to health and wellbeing support in the workplace.

Research shows that companies that have more than 30% female executives are more likely to outperform companies that do not. Therefore, it makes good business sense to support women in the workplace, and this includes giving them the health and wellbeing support appropriate to them:

Zanele Sibanda, head of business development at Towergate Health & Protection says: “Despite female-led businesses contributing a total of £221bn GVA to the UK economy, women still make up a very small percentage of insured key individuals for business continuity planning, so there is a lot of work to be done to support female business owners and female key people.

 
 

“With one in three small business owners reporting that they are working longer than 46 hours a week the unwelcome by-product of this is likely to be poor physical and mental health. Within the same group of survey respondents, 41% said that financial worries are having the single biggest impact on their mental health. And 81% of female business owners reported experiencing gender bias in the workplace3. The combination of these factors is a melting pot of scenarios that could lead to a business failing because of the unexpected absence of a key individual. So it is vital to raise awareness in the female business community of the financial planning solutions available that will help ensure the issues highlighted here don’t have a permanent and negative impact on their businesses.”

Debra Clark, head of wellbeing at Towergate Health & Protection, says:

“We must make it easier to help women to stay in work, and to return to work at all stages of their life, facing the specific issues they do – be that as carers or after having a family – otherwise too much talent is simply being lost. We need to help women thrive, as well as the businesses in which they work. We have raised the profile of women in business and the scales are beginning to balance, but for businesses to really fly, it is important that employers looking at the health and wellbeing of their employees take gender-specific issues into consideration. There are plenty of options available, such as screening for breast and cervical cancer, and support for menstrual, fertility, and menopause issues. It is vital that employers make themselves aware of the support available, appreciate the value it represents to the business, as well as to employees, and offer it to their staff.”

 
 

Share this article

Related articles

Sign up to the IFA Magazine Newsletter

Trending articles

IFA Talk logo

IFA Talk is our flagship podcast, that fits perfectly into your busy life, bringing the latest insight, analysis, news and interviews to you, wherever you are.

IFA Talk Podcast - listen to the latest episode

x