Female entrepreneurs are outperforming their male peers when it comes to hiring, according to new research released this week to coincide with the EY World Entrepreneur Of The Year™ Forum.
According to the EY Global Job Creation Survey 2016, a survey of 2,673 entrepreneurs globally, women are leading in the job creation stakes, anticipating an average growth rate of 10.9% in the next year, compared to 8.3% among male entrepreneurs. Furthermore, 43% of women surveyed said they hired more than expected in 2015, compared to 39% of male entrepreneurs.
The survey shows that job creation levels are even higher among younger women. Female entrepreneurs under the age of 35 expect an average 16% increase in workforce size in the year ahead, while 56% recorded better than expected job creation in the past year. The figures for men in the same age bracket are 13% and 56% respectively.
- Female entrepreneurs predict growth in their workforce of 10.9% in the next year, compared to 8.3% among male entrepreneurs
- Younger female entrepreneurs predict even higher workforce growth (16%) in the year ahead
- Women entrepreneurs surveyed are 19% more likely to be running a US$1b+ businesses than men