Jun
16
It appears, ladies, that we’ve been outed – the hard data is in. Companies concerned about enlarging their talent pool as shortages are appearing throughout industries, have discovered that hiring and retaining women at all levels helps them meet other business goals as well. McKinsey’s research on the organizational and financial performance of companies with senior women at the helm suggests that companies with higher numbers of women at senior levels score higher on organizational and financial performance. download if i didn t care dvdrip download legally blondes dvdrip free i can t think straight download where the heart is dvd Data shows that around the world, companies with the highest scores on nine organizational dimensions—from leadership and direction to accountability and motivation—are likely to have higher operating margins than their lower-ranked counterparts – and those with three or more women on the senior management teams scored higher on all nine organizational criteria.
In an EU study, 58% of companies reported that hiring women led to higher productivity from improved motivation and efficiency, suggesting that making gender diversity a significant goal is well worth the investment.
Though their “analysis doesn’t include a causal link” (come again?), companies are taking steps to achieve greater parity. Among their strategies are to rethink human resource strategies, the role of mentors, paying closer attention to women’s opportunities for promotion, and seeking to retain women by offering them a workable life: flexible hours, maternity and child-care leaves, and coaching to ease the return to the workforce. Some of these measure correlate to higher revenue per employee: about $1,000 a year.
In the EU, only 11% governing bodies are women, while in the US fewer than 30% of the leading 1,500 companies had a top executive in 2006.
Hat’s off gals!
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Comments
2 Comments so far
Encouraging research. Nice to have prime media reporting on this. Might be an angel on an investment strategy… look for a good mix of diversity in the leadership team.
If execs pick up on the story then could mean good prospects for senior female leaders. Thanks for sharing.
Della
Good thought on the investment strategy! It is encouraging that women leaders’ contributions are being quantified. No matter how diverse we are, I believe that, on the whole, women add value by creating a more egalitarian, inclusive, and supportive workplace that’s inherently motivating. Research on positive emotions also bears out these productivity gains.