Workplace, financial management, and physical and mental satisfaction all fail!Women fans and CakeResume reveal the latest Taiwanese women's trends and challenges in 2024

Womany, Taiwan's first diverse and inclusive DEI ecosystem platform, combined with CakeResume, an international talent platform, jointly released the latest 2024 Taiwan Women's Trend Survey.

More than 1,000 Taiwanese women participated in the survey, revealing the challenges of Taiwanese women in terms of workplace performance, financial competence and mental health.

Here are four key findings that reflect the current predicament and opportunities for women in Taiwan:

Women in the workplace crave flexible work, but the reality is far behind

8 out of 10 women affirm that flexible working policies help with job retention, 7 out of 10 women who are caregivers face the dilemma of work and family care, but only 6 in 10 workplaces implement flexible work policies.

Eighty-three per cent of women believe that flexible working helps with retention, reflecting a high demand for work-life balance, yet only 61 per cent of workplaces actually implement this policy, indicating a gap between demand and actual supply.

Further analysis pointed out that 77.4% of women with caring responsibilities faced the dual pressure of career and family care, highlighting the challenges and difficulties faced by women in career planning.

(Jiaying at the same scene: Mother's job search method is open: human resources expert consultant Wu Mingjie Gwen gives you three major workplace trends|Create a second life in the workplace Symposium directly hits)

Women have low expectations about the future sustainability of work

The Sustainable Development Goals (SDGs) are an important trend in the global corporate workplace, but a whopping 74.6% of women in Taiwan still believe that their existing jobs lack long-term sustainability. The main reasons include high work intensity, low wages, and precarious earnings, combined with a lack of necessary flexibility in the workplace.

According to the survey, the top five challenges faced by women in the workplace are: micro-discrimination/micro-aggression in the workplace, unequal pay for equal work, lack of diversity and inclusion, female competition, and lack of support for working mothers.

According to the latest data released by Taiwan's Ministry of Labor in 2024, there is a 14.7% pay gap between women's average hourly earnings and men's, which means that women need to work 54 more days than men to earn the same annual salary as men.

These challenges – from microdiscrimination in the workplace to unfair pay and lack of support for work-life balance – combine to create a work environment that is hostile to women, severely hindering women's continued career development and progression, and making it difficult for them to see the possibility of continuing to work under current working conditions until retirement.

(Gaying in the same scene: Even if you break the law, you are still asked!77% of workers are asked about marriage and childbirth plans during interviews, and women fans reveal that marriage and childbirth, promotion, and age discrimination still exist in Taiwan's workplace)

In order to promote the sustainable development of women in the workplace, there is an urgent need for companies to take concrete actions to improve these negative factors, ensure gender-friendly workplaces, and support the holistic development of women.

Eighty in ten women are excluded from the virtual currency market despite their active financial habits

According to the survey, as many as 81.9% of women regularly invest their money in various investments, but only 2% of women are involved in the field of virtual currency investment.

The data shows that although women are active in financial management, there are still significant gender differences in the emerging field of finance, which is worth paying attention to. In addition, the report mentions that 74.6% of women believe that their biggest financial challenge is a lack of adequate financial literacy, which highlights the urgent need to strengthen financial education and knowledge popularization.

Bosses and co-workers, making it easier for women to be unhappy

Nearly 80 percent of women believe that self-management is the biggest challenge to their physical and mental health, and when it comes to interpersonal communication, their bosses and colleagues in the workplace are the main stressors. Survey data shows that 79.9% of women experience stress, anxiety and lack of self-confidence, highlighting the importance of promoting women's physical and mental health and energy management.

More than half of women felt pressure from their colleagues and supervisors in the workplace, with 67.5% of the stress coming from their colleagues and 51.7% from their bosses, further revealing the profound impact of the workplace environment on women's mental health.

(Gaying at the same scene: Only 9.9% of employees in Taiwan have a high degree of psychological safety to express their thoughts|2023 Diversity and Inclusion White Paper (3))

"Women's power is not only to serve women, but to help everyone have a fair chance to develop their full potential. We will continue to improve the possibilities for women in the workplace, and also focus on women's economic and mental health capabilities. 」

Zhang Weixuan called on enterprises to face up to the plight and needs of female talents, create a more inclusive workplace environment, and create a sustainable win-win situation for talents and enterprises.

Liu Junyi, founder and CEO of CakeResume, shared that according to the data survey, women still face multiple challenges in the workplace, both in terms of working conditions and mental health, and gender equity is not only a social issue, but also a key factor in the success of enterprises in retaining and nurturing talents.

(Also in the same session: 4 Leadership Trends 2024 to Help Workplace Leaders Succeed in the Face of Ambiguity)

CakeResume continues to actively promote DEI-themed career zones through collaborative initiatives and DEI-themed career zones, and looks forward to helping companies and job seekers jointly create and pursue a more diverse, fair and inclusive workplace environment.

The survey provides a series of specific guidelines to support women's holistic development in all areas. It is hoped that by enhancing women's empowerment in the workplace, providing financial education and professional companionship, and enhancing women's ability to manage their physical and mental health, we hope to jointly promote a more friendly and supportive social environment for women's development.

To learn more about the detailed report of the 2024 Women's Power Trends Survey, please visit the Women's Fan website to read the special report in depth.