Latin America is forecast to have the world’s highest proportion of women in the workplace by 2025, outstripping gender equality in both Europe and the US, according to a new report.
Half of all Latin American workers will be women by 2025, up from 36 per cent in 2015, according to Mercer’s second annual Women Thrive report.
Australia and New Zealand are predicted to increase women’s participation in the workforce from 35 per cent to 40 per cent.
Mercer talked to 600 organisations in 42 countries, representing 3.2 million employees.
Women are expected to continue to make up 37 per cent in Europe, while the US and Canada will have just 1 per cent more women at work, according to the 10-year forecast.
Female workers in Latin America also rank first for profit and loss roles (P&L) globally.
Roles with P&L responsibility, which involve monitoring the revenue and expenses of a company, tend to be the primary path to a CEO position.
Mercer’s research said that they are now expecting Latin women to overtake 44 per cent of executives roles in 2025, an increase of 17 per cent from than today's rate.
Globally women are expected to comprise 40 percent of the workforce at the professional level and above by 2025.
The world's 15 most powerful women in 2015
The world's 15 most powerful women in 2015
1/15 Angela Merkel - German Chancellor
German Chancellor Angela Merkel has retained her number one ranking for topping this year’s Forbes list for the fifth consecutive year and ten times in total.
2/15 Hillary Clinton - Presidential candidate, United States
Clinton, who could become the world’s most powerful leader in 2016, has been featured on the list every year since it launched in 2014.
3/15 Melinda Gates - Cochair, Bill & Melinda Gates Foundation
Melinda Gates has cemented her dominance in philanthropy and global development to the tune of $3.9 billion in giving in 2014 and more than $33 billion in grant payments since she founded the Bill & Melinda Gates Foundation with her husband in 2000.
4/15 Janet Yellen - Chair, Federal Reserve, Washington, United States
Janet Yellen made history in 2014 when she became the first female head of the Federal Reserve.
5/15 Marry Barra - CEO of General Motors
Mary Barra made history by becoming the first female CEO of General Motors.
6/15 Christina Lagarde - Managing director, International Monetary Fund
Christine Lagarde is entering the last year of her first term heading the International Monetary Fund (IMF), the organisation which serves as economic advisor and backstop for 188 countries. Under Lagarde the IMF has supported efforts to increase female labor force participation as way to reduce poverty and inequality. The UK, Germany, China, France and Korea have endorsed Christine Lagarde for another term as the head of the IMF.
7/15 Dilma Rousseff - President, Brazil
Dilma Rousseff, who has been elected in 2010, is Brazil's first female president.
8/15 Sheryl Sandberg - COO of Facebook
Sheryl Sandberg, Facebook COO and author of bestseller “Lean In,” joined the company in 2008 and became the first woman on its board four years later. Sandberg helped the social network go public and expand digital revenue.
9/15 Susan Wojcicki - CEO of Youtube
Susan Wojcicki is CEO of YouTube, the world’s most popular digital video platform used by over a billion people across the globe. She oversees YouTube's content and business operations, engineering, and product development.
10/15 Michelle Obama - First lady, United States
Michelle Obama, the 44th first lady of the United States has focused her attention on issues such as the support of military families, helping working women balance career and family and encouraging national service.
11/15 Park Geun-hye - President, South Korea
Park Geun-hye is the first female leader of a country that has the highest level of gender inequality in the developed world. In her inauguration speech, she promised to prioritise both national security and economic revitalisation.
12/15 Oprah Winfrey - Actress, Director/Producer, Entrepreneur, Personality, Philanthropist
Oprah Winfrey, a former queen of daytime TV has proven she can thrive without a talkshow. Her 'The Life You Want' tour sold out stadiums from Newark to Seattle in 2014.
13/15 Ginni Rometty - CEO of IBM
Ginni Rometty joined IBM in 1981 and later became the first woman to lead the company.
14/15 Meg Whitman - CEO of Hewlett-Packard
Meg Whitman is the only woman to have headed two large U.S. public companies: eBay and Hewlett-Packard.Until Marissa Mayer's arrival at Yahoo, she was the only female head of a leading Internet-based company.
15/15 Indra Nooyi - CEO of PepsiCo
Indra Nooyi is Chairman and Chief Executive Officer of PepsiCo. Mrs. Nooyi leads one of the world’s largest convenient food and beverage companies, with 2008 annual revenues of more than $43 billion.
Pat Milligan, senior partner at Mercer, said organisations in all the regions surveyed were committed to improving gender equality but the current means of hiring, promoting and retention of women are not enough to close the gap between men and women in the next decade.
“In 10 years, organisations won’t even be close to gender equality in most regions of the world. If CEOs want to drive their growth tomorrow through diversity, they need to take action today,” she said.