Filipino Women Outperforms Men in Business

May 21, 2009 - PRLog -- Is Pilar earning more than Pepe? Is Marsha doing better than John? The answer appears to be yes. The latest statistics and surveys overwhelmingly show that Filipino women have an increasing edge over their male counterparts in business and entrepreneurship.

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%).

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.

How did these millionaire moms achieve success not only in their career but also in their family life? What are their secrets of living a rich life at home and at work? To answer these questions, seven accomplished Filipinas will share their insights and life stories at the “Secrets of Millionaire Moms” seminar this June 20, 2009 at the Carlos P. Romulo Auditorium, RCBC Plaza in Makati City.

The whole day seminar is aimed at working women who aspire to achieve a rich life at home and at work. Confirmed speakers include Philippine National Bank chairperson Flor Tarriela, Manila Genesis Entertainment president Angeli Pangilinan-Valenciano, celebrity pastry chef and entrepreneur Heny Sison, Richwell Trading founder and civic leader Myrna Yao, and Convergys country general manager Marife Zamora.

Their experiences and lessons will touch on such topics setting goals, building a personal brand, struggling with gender discrimination, managing transitions, juggling different roles, starting a business from scratch, networking with other working moms, managing the family finances, the role of faith, and work/life balance, among others.

The seminar is for working mothers, stay-at-home moms, single moms, married women, and even single women professionals who are transitioning into a new chapter in their lives. The seminar expects to gather around 300 participants.

“Secrets of Millionaire Moms” is produced by Learning Curve, behind the jam-packed “Developing a Millionaire’s Mindset” featuring Francis Kong and Chinkee Tan, the “Take Charge of Your Money” seminar of Citibank, and the “MoneySense Live” seminar series of MoneySense magazine, the country’s first and only personal finance publication. It is co-organized with DL Media Focus International, behind the highly successful CCAP Call Center Conference & Expo and BPO Summit Philippines.

The seminar fee, which includes snacks and freebies, is P3,000 net only with a special buy one-take one promo (two tickets for the price of one) up to June 10, 2009. For more information, visit www.iluvlearning.com, e-mail info@iluvlearning.com, or call tel. no. 996.4610.

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Learning Curve is an adult education provider that offers seminars and other learning programs to help people grow in their personal and professional lives. Our areas of expertise are personal finance, career, and small business.