Women, who comprise more than half of the Philippine population, are becoming a major economic force in the country. For instance, there are now more female executives than ever. New research from Grant Thornton International reveals that the Philippines has the greatest percentage of women in senior management, with 47% compared to the global average of less than a quarter. The International Labor Organization also says the ratio of women to men in executive jobs in the Philippines is the highest in the world.
The Department of Labor and Employment’s Bureau of Labor and Employment Statistics Filipino women has echoed this phenomenon, noting that women have steadily been outnumbering men in executive positions over the last several years. There are around 2.3 million Filipinas holding managerial positions, from supervisors to executives. There are also more female than male professionals, such as doctors, lawyers, and accountants (69%), as well as more female overseas workers (over 50%).
FILIPINO WOMEN OUTPERFORM MEN IN BUSINESS
As for business owners, while more established businesses are owned by men (66%), there are more budding entrepreneurs (69%) and new business owners (51%) among women, according to Global Entrepreneurship Monitor. Of the 13 million employed women, 30% are self-employed.
The National Statistics Office has also found out that women outperform men when it comes to income, based on their Gender Equality Ratio (GER) of 1.2299 in 2003 (a GER greater than one signifies an advantage of women over men). The MasterCard MasterIndex of Women’s Advancement, which measures the socioeconomic level of women in relation to men in Asia Pacific, has Filipino women topping the ranking in terms of labor force participation, managerial positions, and above median income.
So with more women heading key positions in corporations and running their own business, does it follow that there are more millionaire women than men in the Philippines? There are no studies on this yet, but the probability is high. It is not surprising if there are a lot of Filipinas who became self-made millionaires.
What makes their accomplishment even more inspiring is that many of them are also mothers who managed to raise their children and manage their household as they were building their career and reaching financial independence.
The National Statistics Office has also found out that women outperform men when it comes to income, based on their Gender Equality Ratio (GER) of 1.2299 in 2003 (a GER greater than one signifies an advantage of women over men). The MasterCard MasterIndex of Women’s Advancement, which measures the socioeconomic level of women in relation to men in Asia Pacific, has Filipino women topping the ranking in terms of labor force participation, managerial positions, and above median income.
So with more women heading key positions in corporations and running their own business, does it follow that there are more millionaire women than men in the Philippines? There are no studies on this yet, but the probability is high. It is not surprising if there are a lot of Filipinas who became self-made millionaires.
What makes their accomplishment even more inspiring is that many of them are also mothers who managed to raise their children and manage their household as they were building their career and reaching financial independence.
original article - http://pr-usa.net/index.php?option=com_content&task=view&id=215519&Itemid=28
-You go pinay!
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