Oireachtas Joint and Select Committees

Wednesday, 3 July 2024

Joint Oireachtas Committee on Jobs, Enterprise and Innovation

Engagement with the Department of Enterprise Trade and Employment

10:00 am

Photo of Peter BurkePeter Burke (Longford-Westmeath, Fine Gael)
Link to this: Individually | In context | Oireachtas source

Balance for Better Business is very important. I met with it recently. It launched a new five-year strategy and targets 40%-plus female representation across boards and leadership teams through to 2028. I absolutely concur that it is important we have additional female participation in senior leadership roles across our economy. It is critical. There are 2.7 million people employed and approximately 1.25 million female participants now in the labour market. That is up about 170,000 since quarter 1 of 2019. Policies like remote working and improved childcare all contribute to a significant increase in participation. More agile rules are underwriting our labour force. Balance for Better Business is a critical tool in advocating on behalf of that. It has met its initial target and is working on the five-year strategy to hit 40% participation through to 2028.