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International Women’s Day is more than just a celebration – it’s a moment to reflect on the resilience, achievements and ongoing challenges faced by women worldwide. From boardrooms to classrooms, women are shaping the future, breaking barriers and creating opportunities for the next generation.<\/p>
But progress doesn’t happen in just one day. Women continue to drive change every single day – whether leading businesses, educating communities or supporting loved ones from across the globe.<\/p>
Women leading change<\/h2>
Across industries, women are stepping into leadership roles and making their voices heard. Today, 29% of senior management positions worldwide are held by women, and that number continues to grow. From pioneering CEOs to heads of state, women are reshaping economies, influencing policies and driving innovation.<\/p>
Yet, many fields remain male-dominated – particularly in STEM \(Science, Technology, Engineering, and Mathematics\). Globally, women make up just 28% of the STEM workforce, but that is changing. Initiatives encouraging girls to pursue careers in tech and science are helping to bridge the gap, ensuring that the next generation of women has the tools to lead in the digital economy.<\/p>
In entrepreneurship, women are also making waves. The number of female business owners has surged in recent years, contributing to economic growth and job creation. Despite facing challenges such as limited access to funding, women-owned businesses are proving to be powerful forces of innovation and community development.<\/p>
Empowering women through education<\/h2>
Education remains one of the most powerful tools for women’s empowerment. However, 130 million girls around the world are still out of school. The impact of education on women’s lives is immense – every additional year of schooling can increase a woman’s income by 10–20%, while also improving healthcare outcomes, reducing child marriage rates and boosting economic development.<\/p>
In many regions, grassroots organisations and global initiatives are working tirelessly to close this gap. Programs that provide scholarships, mentorship and career training are giving more women the chance to achieve financial independence and create brighter futures for themselves and their families.<\/p>
Women and global migration: supporting families across borders Women make up nearly 50% of international migrants worldwide. Whether moving for better job opportunities, education or to provide for their families, female migrants play a crucial role in global economies.<\/p>
One of the most significant ways women support their loved ones is through remittances – sending money home to help fund education, healthcare and daily essentials. In some countries, women are responsible for sending a higher percentage of their income back home compared to men, ensuring the well-being of their families despite being miles apart.<\/p>
For these women, financial security and reliable money transfer services are essential. Fast, affordable and secure transfers mean they can continue to provide for their families without worrying about high fees or delays.<\/p>
All ArticlesThe Cost of a Bad Hire: The Importance of Strong Values (Cultural Principles) in the Interview Process
The Cost of a Bad Hire: The Importance of Strong Values (Cultural Principles) in the Interview Process
2023-02-02
All articles
World Culture
Personal Finance Tips
Hiring the wrong employee can be a costly mistake for any company. Not only does it result in decreased productivity and morale, but it can also lead to increased turnover, missed opportunities, and damage to the company's reputation. The cost of a bad hire can be staggering, and it is crucial for organisations to take steps to minimize this risk.
Here at Paysend, we made a conscious effort to ensure that not only did we embed our Paysend 7 Cultural Principles (see below) into the business but to integrate them into the evaluation process when candidates are interviewing for roles within the organisation.
Having worked within the Recruitment / Talent Acquisition field for a number of years, I've witnessed on numerous occasions when Hiring Managers have introduced candidates to the recruitment team and put pressure on individuals to push them through the process (“I worked with them previously and they were a great person”, “They will bring loads of business to our company” etc). Here at Paysend, every candidate introduced is evaluated by the Talent Acquisition team against our 7 Cultural Principles prior to moving the candidate to the next stage of the process, ensuring that the next Paysender is exactly that - A true Paysender. The key - We're not afraid to push back if the candidate doesn't demonstrate the right Paysend principles.
We have been keen to have this process in place to make sure that these individuals who are in the interview process and potentially joining Paysend have demonstrated positive attributes against our principles, so that everyone internally are aligned and set up for success within the business.
Finally, it is important to consider the long-term impact of hiring a candidate who does not align with the company's values. While a candidate may seem like a good fit based on their experience and qualifications, if their values are not aligned with the company's values, the potential for conflict and disengagement is high.
Ultimately, the cost of a bad hire can be significant and is something that all organisations should strive to avoid. By focusing on values during the interview process, organisations can reduce the risk of hiring the wrong employee and increase the likelihood of hiring someone who will be a positive and productive member of the team. Strong values create a positive work environment, increase employee engagement, and drive success for the company.