McKinsey Global Survey results: Moving mind-sets on gender diversity: To ensure that corporate culture supports the ability of women to reach top management, companies must address mind-sets
Moving mind-sets on gender diversity: McKinsey Global Survey results
To ensure that corporate culture supports—not hinders—the ability of women to reach top management, companies must address mind-sets and develop a more inclusive, holistic diversity agenda.
In 2012 OIWC conducted an industry-wide survey to study perceptions of gender diversity and workplace values. The study serves as the foundation for workplace diversity and inclusion and women's leadership advancement efforts by the OIWC.
This document summarizes research from DDI's Global Leadership Forecast 2008|2009 that found women have not progressed as far up the management ladder as men. It explores why this is, such as lack of opportunities for high-potential programs, leadership transitions, and international experience. It also discusses how "safety in numbers" can help or hurt women's careers. The report then offers recommendations for organizations and women to help women advance, such as leadership development programs and sponsorship. The goal is to overcome discrimination holding women back and make better use of female talent.
A document on women on corporate boards from a global perspective was summarized. It provides country profiles on the representation of women on boards in 16 countries. Key initiatives to increase gender diversity are noted, such as quotas in some countries like France. Statistics show the percentage of women on boards remains low in many countries like Germany and Australia. Overall the document presents an overview of efforts globally to address the lack of gender diversity in corporate boardrooms.
This document discusses the importance of investing in people through effective human capital management practices. It argues that a competent and committed workforce can provide strategic advantages for microfinance institutions. The document outlines some common people challenges faced by MFIs, such as developing future leaders, rapidly developing workforce skills, and fostering knowledge sharing. It also discusses lessons from the recent microfinance crisis in India, highlighting the role of human capital practices. The document then provides recommendations for MFIs to maximize the value of their employees, including hiring the right people, planning for future needs, leveraging strengths, and creating opportunities for learning.
This document summarizes findings from McKinsey & Company and LeanIn.org's seventh annual research on women in the workplace. Some key findings include:
- 423 companies participated with over 12 million employees surveyed on their workplace experiences.
- Women's representation has declined year-over-year in news and media companies across most levels. Women of color continue to lose ground.
- Women, especially women of color, report higher rates of burnout and are more likely to experience disrespectful microaggressions. They also lack effective allies.
- Women leaders have taken on greater responsibilities supporting employee wellbeing and diversity, though this important work often goes unrecognized.
Pepsi co case of study building gender balaned leadership team updatedIcon Group Innovations
PepsiCo's document discusses building gender balanced leadership teams. It outlines PepsiCo's commitment to diversity and inclusion, including achieving parity between women and men in management. It describes key initiatives like talent reviews, mentoring programs, and work-life balance policies. The document also discusses PepsiCo Turkey's journey to increase female representation in leadership, through actions like establishing a task force, conducting surveys, defining flexibility policies, and strong communication. PepsiCo Turkey has seen success, with around 33% female representation in leadership roles.
The document discusses ways to re-engage disengaged employees during difficult times. It notes that engagement levels have dropped significantly for companies that have laid off workers. Top drivers of engagement include actions of senior leadership and direct supervisors. The document provides several suggestions for re-engaging employees, such as asking them what they need to be successful, focusing on their strengths, and using recognition. It also stresses the important role of senior leaders in communicating vision, building trust, and responding to feedback. Organizations can measure the impact of engagement efforts through surveys, anecdotal feedback, and business data.
An Interesting Panel discussion including senior diversity representatives from KPMG and TD Bank Financial Group followed the opening sessions, focused on how diversity is actually being moved forward in these organizations. Session 1: Dr. Wendy Cukier: The Diversity Lens: Leading Practices in Recognizing the Benefits of Diversity, Session
In 2012 OIWC conducted an industry-wide survey to study perceptions of gender diversity and workplace values. The study serves as the foundation for workplace diversity and inclusion and women's leadership advancement efforts by the OIWC.
This document summarizes research from DDI's Global Leadership Forecast 2008|2009 that found women have not progressed as far up the management ladder as men. It explores why this is, such as lack of opportunities for high-potential programs, leadership transitions, and international experience. It also discusses how "safety in numbers" can help or hurt women's careers. The report then offers recommendations for organizations and women to help women advance, such as leadership development programs and sponsorship. The goal is to overcome discrimination holding women back and make better use of female talent.
A document on women on corporate boards from a global perspective was summarized. It provides country profiles on the representation of women on boards in 16 countries. Key initiatives to increase gender diversity are noted, such as quotas in some countries like France. Statistics show the percentage of women on boards remains low in many countries like Germany and Australia. Overall the document presents an overview of efforts globally to address the lack of gender diversity in corporate boardrooms.
This document discusses the importance of investing in people through effective human capital management practices. It argues that a competent and committed workforce can provide strategic advantages for microfinance institutions. The document outlines some common people challenges faced by MFIs, such as developing future leaders, rapidly developing workforce skills, and fostering knowledge sharing. It also discusses lessons from the recent microfinance crisis in India, highlighting the role of human capital practices. The document then provides recommendations for MFIs to maximize the value of their employees, including hiring the right people, planning for future needs, leveraging strengths, and creating opportunities for learning.
This document summarizes findings from McKinsey & Company and LeanIn.org's seventh annual research on women in the workplace. Some key findings include:
- 423 companies participated with over 12 million employees surveyed on their workplace experiences.
- Women's representation has declined year-over-year in news and media companies across most levels. Women of color continue to lose ground.
- Women, especially women of color, report higher rates of burnout and are more likely to experience disrespectful microaggressions. They also lack effective allies.
- Women leaders have taken on greater responsibilities supporting employee wellbeing and diversity, though this important work often goes unrecognized.
Pepsi co case of study building gender balaned leadership team updatedIcon Group Innovations
PepsiCo's document discusses building gender balanced leadership teams. It outlines PepsiCo's commitment to diversity and inclusion, including achieving parity between women and men in management. It describes key initiatives like talent reviews, mentoring programs, and work-life balance policies. The document also discusses PepsiCo Turkey's journey to increase female representation in leadership, through actions like establishing a task force, conducting surveys, defining flexibility policies, and strong communication. PepsiCo Turkey has seen success, with around 33% female representation in leadership roles.
The document discusses ways to re-engage disengaged employees during difficult times. It notes that engagement levels have dropped significantly for companies that have laid off workers. Top drivers of engagement include actions of senior leadership and direct supervisors. The document provides several suggestions for re-engaging employees, such as asking them what they need to be successful, focusing on their strengths, and using recognition. It also stresses the important role of senior leaders in communicating vision, building trust, and responding to feedback. Organizations can measure the impact of engagement efforts through surveys, anecdotal feedback, and business data.
An Interesting Panel discussion including senior diversity representatives from KPMG and TD Bank Financial Group followed the opening sessions, focused on how diversity is actually being moved forward in these organizations. Session 1: Dr. Wendy Cukier: The Diversity Lens: Leading Practices in Recognizing the Benefits of Diversity, Session
This event showcased the work of the G20 EMPOWER Alliance and the OECD to support the implementation of commitments to strengthen women’s access to leadership positions in the private sector. This presentation shares results from the OECD Corporate Governance Factbook 2021, which features a comparison across all OECD and G20 countries of progress made to enhance the role of women on boards of directors and in senior management.
Phaidon International continues the 2017 Inclusive Talent Series in March discussing the challenges faced by women group within STEM industries; Attraction, Retention and Advancement.
One of the great paradoxes of the current economy is a relatively high level of general unemployment among Western economies and simultaneously, a very tight labor market for certain skilled roles. Anecdotes of hiring cycles in the six-month range for specialized developers or designers are not uncommon in software circles, and high-tech manufacturers voice frequent complaints about the lack of skilled talent. The key to solving these hiring challenges is to think differently about the problem. All too often, hiring managers and recruiters default to a “hiring” focused answer, when frequently the real answer lies in development, internal mobility, apprenticeship and long-term career and succession planning. In this session, we’ll talk about how all these pieces fit together and why “hiring for critical roles” is fundamentally the wrong strategy in most cases.
Women face barriers to advancement and unequal treatment in the workplace according to a study of over 130 companies and 34,000 employees. Women are less likely to be promoted or hired externally, especially to senior roles. As a result, few women reach the senior-most levels. Women also receive less access to opportunities, senior leaders, developmental assignments, and feedback. They are more likely to be penalized for negotiating promotions. Fewer women than men aspire to top leadership roles, and women have less confidence in achieving those roles. Women of color face even greater challenges and are the most underrepresented group. Overall, the study finds women experience disadvantages and unequal treatment compared to men throughout their careers.
As part of Mercer's commitment to providing clients with research-based solutions, Mercer’s employee research group conducts a series of national studies around the globe, entitled What’s Working™.
These studies allow us to analyze national trends regarding employee perceptions and to identify the key drivers of employee engagement – by country and on a global basis.
2009_03 Diversity Strategy (Talent Management in Pharma)Uxio Malvido
The document summarizes the agenda for the 3rd Annual Managing Talent in Pharma Diversity Strategy conference held by Merck & Co in Prague from March 19-20, 2009. The topics to be covered include inclusion, demographic trends, female leadership, global constituency groups, the business case for diversity, employer branding, flexibility, and talent management practices. Diversity strategies like the Global Constituency Group model and approaches to managing areas like multicultural diversity, female talent, and flexibility will also be discussed.
There is an ever-growing necessity for businesses to include women’s empowerment into corporate business strategies, to ensuring sustainable growth and to demonstrate the value and credibility that women leadership bring to the businesses. Women’s empowerment is essential to create a stable, inclusive, and sustainable society.
Changing the Trajectory: How Companies Can Lean In TooMcKinsey & Company
This document summarizes findings from McKinsey & Company's 2018 study on women in the workplace. Some key findings include:
- Women face challenges advancing in their careers, with promotion rates to manager being 21% lower than men. Black women face even greater challenges, with a 40% lower promotion rate.
- While most employees want to stay at their companies, 81% of women who plan to leave cite taking a role at another company as the reason.
- Gender diversity in companies is linked to improved performance, with diverse companies being 15% more likely to outperform industry averages. However, only 28% of women see their companies as adequately representing women in leadership.
Women in the Workplace is a multi-year joint research effort by McKinsey & Company and LeanIn.org and the largest comprehensive study of the state of women in corporate America
About 60 participants from around 20 Myanmar and international businesses, as well as LGBT+ rights groups, trade union rights, international organisations, experts and lawyers discussed attended a workshop on 28/29 August at the Rose Garden Hotel, Yangon to discuss how businesses can support LGBT+ equality in Myanmar.
Read more: https://www.myanmar-responsiblebusiness.org/news/lgbt-equality.html
Women in the Workplace: Travelers Conference presentation April 2019McKinsey & Company
The document summarizes findings from a 2018 McKinsey report on women in the workplace in the insurance industry. It finds that while the insurance industry starts with better gender diversity at entry levels compared to other industries, the pipeline leaks for women at higher levels. Specifically, women of color face the steepest drop-off in representation between entry levels and the C-suite. External hiring and promotions also favor men, contributing to the gender gap. The report also examines themes of microaggressions experienced more by women, networks that are less helpful for women's careers, and negative impacts of being a "only" for gender or racial minorities in meetings.
Women remain underrepresented in corporate leadership. While women earn 57% of college degrees, they hold only 20% of senior roles. They face challenges including unequal pay, lack of support from managers, carrying a larger burden of household work, and perceiving their gender as a disadvantage. However, companies that focus on accountability, flexible work policies, and fair hiring/promotions see faster progress getting more women into management and leadership. Individual actions like calling out bias, sponsoring women, and changing biased language can also help close the gender gap.
Why Strategy Fails...and How You Can Make it Workleepublish
This document discusses strategic planning and why it often fails to be implemented successfully. It begins by providing statistics that show most organizations use strategic planning but few implement plans effectively. It then outlines the benefits strategic planning can provide, such as increased survival rates, longevity, sales, and performance. However, it notes that common reasons for failure include using poor practices, like having small planning teams without diverse perspectives or failing to monitor implementation. The document then lists 16 specific strategic planning problems and provides remedies for each.
Content Marketing Conference 2014 - Deloitte case studyTristan Lavender
1. The document discusses how to create a content-driven and customer-centric company culture through focusing on people.
2. It emphasizes that customers and employees value honest, open dialogue and that employees are more trusted sources of information than company executives or media.
3. The presentation outlines six keys to cultural change, including making employees proud, using data to educate them, creating role models, focusing on strengths, and using familiar channels of communication.
Race in the workplace: The Black experience in the US private sectorMcKinsey & Company
McKinsey's Race in the Workplace report 2021 is one of the most comprehensive benchmark studies of Black Americans in the US private sector. It highlights the complexity of the challenge for Black workers by examining Black worker representation and experience.
The Press Forward Discussion: Pipeline to Leadership for Women in NewsMcKinsey & Company
This document summarizes the findings of the 2020 Women in the Workplace report by McKinsey & Company and LeanIn.org, which surveyed over 40,000 employees from 317 companies. It finds that while there has been some progress for women in senior roles, the "broken rung" at the manager level remains. COVID-19 has exacerbated challenges like childcare responsibilities and burnout, particularly for women like mothers and senior-level women. It also highlights difficulties for groups like Black women. Companies are encouraged to offer more flexible work policies and support employee well-being and diversity to help address these issues.
This document provides an overview of Deloitte's Women's Initiative (WIN) through statistics and descriptions of its programs. Some key points:
- WIN was launched in 1993 and has grown to include over 1,000 women partners, principals, and directors. It aims to retain and advance women at Deloitte.
- WIN runs numerous leadership development programs for women at all career levels, including Leading Edge, Leading to WIN, and Emerging Leaders.
- WIN has had a positive impact on Deloitte's gender diversity statistics and culture. It has also received external recognition for its commitment to women.
In many ways, Asian Americans in the US have had meaningful economic and social impact but they face a number of challenges that have often been overlooked.
The document discusses the invisible barriers that hold women back from advancing into senior leadership roles despite corporate commitments to diversity, such as entrenched beliefs among managers that subtly hamper women's careers, and it proposes a hard-edged approach of systemwide change driven by targets, data-driven performance reviews, and genuine sponsorship to help companies overcome these problematic mindsets. It also examines data showing the leaky talent pipeline for women and common explanations given for failing to retain or promote promising women.
The document discusses changing corporate mindsets about advancing women's careers. It argues that invisible, unconscious biases block women's advancement and that committed leadership is needed to implement systemwide changes through targets, data-driven performance reviews, and genuine sponsorship. Companies that have made progress, like Pitney Bowes and Shell, focus on metrics like promotion slates that include women and long-term targets for women in senior roles. Reviews of succession plans and promotion slates also help broaden opportunities for women. Addressing biases requires buy-in from both men and women in an organization.
The Gender Gap At The Top: What's Keeping Women From Leading Corporate America?Subha Barry
This Working Mother research project takes a comprehensive look at the experiences of women - and men - at all levels of corporations to ascertain what perceptions and realities are keeping them out of the highest ranks and to offer real solutions to close the gap.
This event showcased the work of the G20 EMPOWER Alliance and the OECD to support the implementation of commitments to strengthen women’s access to leadership positions in the private sector. This presentation shares results from the OECD Corporate Governance Factbook 2021, which features a comparison across all OECD and G20 countries of progress made to enhance the role of women on boards of directors and in senior management.
Phaidon International continues the 2017 Inclusive Talent Series in March discussing the challenges faced by women group within STEM industries; Attraction, Retention and Advancement.
One of the great paradoxes of the current economy is a relatively high level of general unemployment among Western economies and simultaneously, a very tight labor market for certain skilled roles. Anecdotes of hiring cycles in the six-month range for specialized developers or designers are not uncommon in software circles, and high-tech manufacturers voice frequent complaints about the lack of skilled talent. The key to solving these hiring challenges is to think differently about the problem. All too often, hiring managers and recruiters default to a “hiring” focused answer, when frequently the real answer lies in development, internal mobility, apprenticeship and long-term career and succession planning. In this session, we’ll talk about how all these pieces fit together and why “hiring for critical roles” is fundamentally the wrong strategy in most cases.
Women face barriers to advancement and unequal treatment in the workplace according to a study of over 130 companies and 34,000 employees. Women are less likely to be promoted or hired externally, especially to senior roles. As a result, few women reach the senior-most levels. Women also receive less access to opportunities, senior leaders, developmental assignments, and feedback. They are more likely to be penalized for negotiating promotions. Fewer women than men aspire to top leadership roles, and women have less confidence in achieving those roles. Women of color face even greater challenges and are the most underrepresented group. Overall, the study finds women experience disadvantages and unequal treatment compared to men throughout their careers.
As part of Mercer's commitment to providing clients with research-based solutions, Mercer’s employee research group conducts a series of national studies around the globe, entitled What’s Working™.
These studies allow us to analyze national trends regarding employee perceptions and to identify the key drivers of employee engagement – by country and on a global basis.
2009_03 Diversity Strategy (Talent Management in Pharma)Uxio Malvido
The document summarizes the agenda for the 3rd Annual Managing Talent in Pharma Diversity Strategy conference held by Merck & Co in Prague from March 19-20, 2009. The topics to be covered include inclusion, demographic trends, female leadership, global constituency groups, the business case for diversity, employer branding, flexibility, and talent management practices. Diversity strategies like the Global Constituency Group model and approaches to managing areas like multicultural diversity, female talent, and flexibility will also be discussed.
There is an ever-growing necessity for businesses to include women’s empowerment into corporate business strategies, to ensuring sustainable growth and to demonstrate the value and credibility that women leadership bring to the businesses. Women’s empowerment is essential to create a stable, inclusive, and sustainable society.
Changing the Trajectory: How Companies Can Lean In TooMcKinsey & Company
This document summarizes findings from McKinsey & Company's 2018 study on women in the workplace. Some key findings include:
- Women face challenges advancing in their careers, with promotion rates to manager being 21% lower than men. Black women face even greater challenges, with a 40% lower promotion rate.
- While most employees want to stay at their companies, 81% of women who plan to leave cite taking a role at another company as the reason.
- Gender diversity in companies is linked to improved performance, with diverse companies being 15% more likely to outperform industry averages. However, only 28% of women see their companies as adequately representing women in leadership.
Women in the Workplace is a multi-year joint research effort by McKinsey & Company and LeanIn.org and the largest comprehensive study of the state of women in corporate America
About 60 participants from around 20 Myanmar and international businesses, as well as LGBT+ rights groups, trade union rights, international organisations, experts and lawyers discussed attended a workshop on 28/29 August at the Rose Garden Hotel, Yangon to discuss how businesses can support LGBT+ equality in Myanmar.
Read more: https://www.myanmar-responsiblebusiness.org/news/lgbt-equality.html
Women in the Workplace: Travelers Conference presentation April 2019McKinsey & Company
The document summarizes findings from a 2018 McKinsey report on women in the workplace in the insurance industry. It finds that while the insurance industry starts with better gender diversity at entry levels compared to other industries, the pipeline leaks for women at higher levels. Specifically, women of color face the steepest drop-off in representation between entry levels and the C-suite. External hiring and promotions also favor men, contributing to the gender gap. The report also examines themes of microaggressions experienced more by women, networks that are less helpful for women's careers, and negative impacts of being a "only" for gender or racial minorities in meetings.
Women remain underrepresented in corporate leadership. While women earn 57% of college degrees, they hold only 20% of senior roles. They face challenges including unequal pay, lack of support from managers, carrying a larger burden of household work, and perceiving their gender as a disadvantage. However, companies that focus on accountability, flexible work policies, and fair hiring/promotions see faster progress getting more women into management and leadership. Individual actions like calling out bias, sponsoring women, and changing biased language can also help close the gender gap.
Why Strategy Fails...and How You Can Make it Workleepublish
This document discusses strategic planning and why it often fails to be implemented successfully. It begins by providing statistics that show most organizations use strategic planning but few implement plans effectively. It then outlines the benefits strategic planning can provide, such as increased survival rates, longevity, sales, and performance. However, it notes that common reasons for failure include using poor practices, like having small planning teams without diverse perspectives or failing to monitor implementation. The document then lists 16 specific strategic planning problems and provides remedies for each.
Content Marketing Conference 2014 - Deloitte case studyTristan Lavender
1. The document discusses how to create a content-driven and customer-centric company culture through focusing on people.
2. It emphasizes that customers and employees value honest, open dialogue and that employees are more trusted sources of information than company executives or media.
3. The presentation outlines six keys to cultural change, including making employees proud, using data to educate them, creating role models, focusing on strengths, and using familiar channels of communication.
Race in the workplace: The Black experience in the US private sectorMcKinsey & Company
McKinsey's Race in the Workplace report 2021 is one of the most comprehensive benchmark studies of Black Americans in the US private sector. It highlights the complexity of the challenge for Black workers by examining Black worker representation and experience.
The Press Forward Discussion: Pipeline to Leadership for Women in NewsMcKinsey & Company
This document summarizes the findings of the 2020 Women in the Workplace report by McKinsey & Company and LeanIn.org, which surveyed over 40,000 employees from 317 companies. It finds that while there has been some progress for women in senior roles, the "broken rung" at the manager level remains. COVID-19 has exacerbated challenges like childcare responsibilities and burnout, particularly for women like mothers and senior-level women. It also highlights difficulties for groups like Black women. Companies are encouraged to offer more flexible work policies and support employee well-being and diversity to help address these issues.
This document provides an overview of Deloitte's Women's Initiative (WIN) through statistics and descriptions of its programs. Some key points:
- WIN was launched in 1993 and has grown to include over 1,000 women partners, principals, and directors. It aims to retain and advance women at Deloitte.
- WIN runs numerous leadership development programs for women at all career levels, including Leading Edge, Leading to WIN, and Emerging Leaders.
- WIN has had a positive impact on Deloitte's gender diversity statistics and culture. It has also received external recognition for its commitment to women.
In many ways, Asian Americans in the US have had meaningful economic and social impact but they face a number of challenges that have often been overlooked.
Similar to McKinsey Global Survey results: Moving mind-sets on gender diversity: To ensure that corporate culture supports the ability of women to reach top management, companies must address mind-sets
The document discusses the invisible barriers that hold women back from advancing into senior leadership roles despite corporate commitments to diversity, such as entrenched beliefs among managers that subtly hamper women's careers, and it proposes a hard-edged approach of systemwide change driven by targets, data-driven performance reviews, and genuine sponsorship to help companies overcome these problematic mindsets. It also examines data showing the leaky talent pipeline for women and common explanations given for failing to retain or promote promising women.
The document discusses changing corporate mindsets about advancing women's careers. It argues that invisible, unconscious biases block women's advancement and that committed leadership is needed to implement systemwide changes through targets, data-driven performance reviews, and genuine sponsorship. Companies that have made progress, like Pitney Bowes and Shell, focus on metrics like promotion slates that include women and long-term targets for women in senior roles. Reviews of succession plans and promotion slates also help broaden opportunities for women. Addressing biases requires buy-in from both men and women in an organization.
The Gender Gap At The Top: What's Keeping Women From Leading Corporate America?Subha Barry
This Working Mother research project takes a comprehensive look at the experiences of women - and men - at all levels of corporations to ascertain what perceptions and realities are keeping them out of the highest ranks and to offer real solutions to close the gap.
Women in the Workplace is a comprehensive study of the state of women in corporate America published by LeanIn.Org and McKinsey & Company. Learn more at womeninthworkplace.com
Role of Women in Top Management Positions and its Impact on Company Leadershipijtsrd
Women score 86 higher than men in emotional self awareness, according to Hay Group. Emotional self awareness includes understanding emotions and their effect on performance and how those emotions drive one’s actions. Adaptability, empathy, and social awareness are also areas within the soft skill spectrum where women excel. Women make up half of the worlds population, but they continue to face inequalities in every field, whether in government or non government organisations, and particularly in leadership because men believe women cannot be good leaders or managers, whereas men agree for women to work at home because men believe women are only good for domestic work. Attaining gender equality in organisations at all levels is a lengthy and difficult process that necessitates the involvement of the entire firm as well as a strong commitment from top management. Women constitute half of the worlds population, undertake two thirds of the worlds labour, but receive just a third of the worlds income, according to UN publications on women issues of the year 2000. I make a tenth of its income and hold less than a hundredth of its assets. Women account for more than 40 of the global labour force and half of the global population. Over the years government seeks to establish policies and programmes to progress women in government companies and organisations. Women produce more than 55 percent of the food grown in developing countries, particularly in rural areas. According to several surveys, women have shown to be successful business owners as well as managers. According to the research, women make up 16 percent of junior management jobs, 4 percent of middle and senior management positions, and only 1 of organisational leadership positions CEOs . This paper is based on secondary information. The study focuses on the challenges that women face in India when it comes to top management position and overall leadership and management. Shreya Kulkarni "Role of Women in Top Management Positions and its Impact on Company Leadership" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-7 | Issue-2 , April 2023, URL: https://www.ijtsrd.com.com/papers/ijtsrd56251.pdf Paper URL: https://www.ijtsrd.com.com/management/other/56251/role-of-women-in-top-management-positions-and-its-impact-on-company-leadership/shreya-kulkarni
The document summarizes findings from a survey of 265 women working in new economy companies. Key findings include:
- Many women find the new economy exhilarating and feel they have more opportunities for creative freedom, impact, and rapid growth compared to traditional companies. However, they also experience high stress and difficulties balancing work and personal lives.
- While gender issues may be less pronounced, nearly a third still felt unequal treatment based on attributes like being single or a working mother. A quarter also felt issues like feeling undervalued or overlooked for opportunities.
- Women use strategies like adapting flexibility, maintaining perspective, developing peer support networks, and constant learning to navigate challenges. However, the demanding lifestyle may only be temporary for
Gender diversity in corporate workplaces is important for businesses to sustain their operations. While many companies have good intentions around gender diversity, some lack knowledge on how to implement it or get stuck in inertia. True gender diversity means proportional representation of men and women at all levels of an organization. Research shows diverse organizations are more successful due to improved communication, decision-making, problem-solving, and ability to market to different customer groups. However, women remain underrepresented in top corporate positions globally despite making up half the workforce.
The study examined the experiences of 1,000 professional women across different sectors to understand support for careers and the talent pipeline. It found a paradox where most women feel supported, but many have faced gender-related obstacles. Accountancy, Law, and Education were best for women and mothers, while Advertising/Media and Engineering were worst. Flexible work and role models were seen as most important for progress. Addressing unconscious biases and creating a culture where issues can be safely raised could help solve the disconnect between perceived and actual support.
This document discusses women's empowerment and the challenges women face in achieving leadership positions. It proposes a new model to help more women succeed called the 3I model, which focuses on women imbibing lessons from experiences, innovating and applying new ideas, and inspiring others. It also discusses the EMI model which looks at how ready families, societies, and organizations are to support women. Overall the document argues that while progress has been made, more needs to be done to remove barriers and create environments where women can fully utilize their strengths to become leaders.
This document discusses women's empowerment and the challenges women face in achieving leadership positions. It proposes a new model to help more women succeed called the 3I model, which focuses on women imbibing lessons from experiences, innovating and applying new ideas, and inspiring others. It also discusses the EMI model which looks at how ready families (emotional quotient), societies (motivation quotient), and organizations (innovation quotient) are to support women leaders. Overall the document aims to analyze barriers facing women and provide a framework to help more women develop leadership skills and attain leadership roles.
[Report] Gender Equality in the executive ranks a paradox – the journey to 2030Weber Shandwick Korea
Several factors are simultaneously pushing gender equality in executive ranks forward and pulling it back, creating a paradox. Media attention to the issue has increased significantly in recent years and is pushing for more equality. However, many companies still lack formal goals and plans to achieve gender parity at senior levels, and doubts about women's qualifications are holding progress back. Overall, a complex dynamic of forces that could potentially create tipping points was identified, but action is needed by companies to actually achieve equality in the C-suite by 2030 as most executives expect.
The document summarizes the key findings of a global survey of 5,000 women in the workplace across 10 countries conducted by Deloitte in 2022. Some of the main findings include:
- Widespread burnout among women with over half reporting higher stress and nearly half feeling burned out, yet only 43% feel comfortable discussing mental health challenges at work.
- Flexibility is still lacking for many with just one-third having access to flexible work policies and 94% believing flexibility will impact promotions.
- Non-inclusive behaviors like harassment and microaggressions increased and are underreported due to fears of career backlash. Groups like LGBT+ and minority women face more challenges.
- While hybrid work enables
White paper 2018 - 2019 LEE HECHT HARRISON ( LHH ) Elevating women in leader...Michal Hatina
Organizations need to pull several levers at the individual, cultural and organizational levels to make meaningful change. Women need to believe that leadership is a possible career path for them and engage in deliberate ongoing planning. Leaders need to actively champion female talent and create opportunities for women to grow and advance. Organizations must continue to support women in their development, offer meaningful formal practices and hold leaders accountable for creating an inclusive environment. When these initiatives are implemented effectively, movement will occur.
In all our institutions, we are still experiencing a tremendous leadership gap. We will talk about the remaining barriers and unconscious biases towards female leadership and the different existing initiatives to overcome it.
The document summarizes research on the impact of women on corporate boards. It conducted interviews with 102 corporate directors from around the world to understand their perspectives. The directors believe that women contribute differently than men in ways that make boards more effective, such as bringing a diversity of perspectives and asking more questions. However, women still make up a small percentage of directors globally. Standard recruitment practices and a lack of effort to recruit women contribute to the slow pace of change.
This document summarizes the key findings of a global survey conducted by Egon Zehnder on how gender, generations, and geography influence views on leadership, career success, and diversity. Some of the main findings include:
- When defining great leadership, respondents globally valued ethical, strategic, and humble leaders the most, with few differences between men and women. Younger generations placed more importance on humility.
- Regarding career success, aspirations to reach the C-suite were nearly equal between men and women but varied more by generation, geography, and job level.
- Most respondents experienced some barrier during their careers, such as bias or lack of sponsorship, though younger generations reported barriers more than older ones.
Women now make up half of managerial positions, yet comprise only 12.5% of corporate officers and 6.2% of top leadership. Studies show that women are rated equally or higher than men on leadership skills, challenging the idea that women lack skills for leadership roles. However, a paradox exists - while women succeed in applying leadership skills, they have less success being promoted. This is partly due to leadership being implicitly defined by masculine norms and gender biases shaping which skills are valued for men and women. For women to advance, they must build advocacy, understand gender norms, make skills visible, and challenge assumptions constructively.
Millennial Women and Workplace Transformation: A PreparedU Infographic StorybookBentley University
Bentley University's PreparedU Project examines the unique challenges and opportunities facing millennial women in the 21st Century workforce. How can they be prepared for success? What roles do parents, companies, mentors, higher education institutions, and millennial women themselves need to play? Drawing on the results of the PreparedU survey, this infographic storybook moves past the problems to highlight solutions grounded in data and in the personal stories of women leaders at all stages of their careers. Learn more at www.bentley.edu/prepared and follow the conversation on Twitter with #PrepUWIB.
A majority of executives believe gender diversity in leadership links to better financial
performance, but companies take few actions to support women in the workforce.
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McKinsey Global Survey results: Moving mind-sets on gender diversity: To ensure that corporate culture supports the ability of women to reach top management, companies must address mind-sets
1. McKinsey Global Survey results
Moving mind-sets on gender diversity
To ensure that corporate culture supports—not hinders—the ability of women to reach
top management, companies must address mind-sets and develop a more inclusive, holistic
diversity agenda.
Female executives are ambitious and sure of their own abilities to become top managers,
though they are much less confident that their companies’ cultures can support their rise.
In our latest survey on gender and workplace diversity,1 the results indicate that collective,
cultural factors at work are more than twice as likely as individual factors to link to
women’s confidence that they can reach top management.
1
The online survey was in the field
from August 20 to September 6,
2013, and received responses from
1,421 executives (624 men and
797 women) representing the full
range of regions, industries,
company sizes, tenures, and functional specialties. To adjust
for differences in response rates,
the data are weighted by the
contribution of each respondent’s
nation to global GDP.
2
For more, see the full report,
Women Matter 2012: Making the
Breakthrough, March 2012,
mckinsey.com.
According to our previous surveys on the topic and our 2012 analysis of more than 230
European companies,2 many organizations are implementing measures to increase gender
diversity within their management teams. Indeed, majorities of executives have said in
earlier research that their companies had implemented at least one measure to recruit, retain,
promote, and develop women—yet few companies have seen notable improvements as
a result. The 2013 results confirm that, beyond specific actions, culture has a critical role to
play in either supporting or hindering efforts to advance diversity.
The responses suggest that mind-sets and company culture are significant in affecting
women’s confidence to achieve their career goals; they also highlight the particular aspects of
corporate culture that make it most difficult for women to reach the top. Yet there is still a
Jean-François Martin
2. 2
McKinsey Global Survey results Moving mind-sets on gender diversity
notable gap in how men and women regard the gender-diversity problem. Men are much
more likely than women to disagree that female executives face more difficulties in reaching
top management, and men see less value in the diversity initiatives that can correct
the gender imbalance.
What women want
At the individual level, female respondents report that their career ambitions are just as high
as those of their male peers.3 Seventy-nine percent of all midlevel or senior-level women
say they have the desire to reach a top-management position over the course of their careers,
3
This finding tracks with the
results from our February 2013
survey on workplace diversity
in Latin America, in which 79 percent of female executives said
that if anything were possible,
they would choose to advance to
C-level management; 73 percent of male executives said the
same. See Manuela Artigas,
Heloisa Callegaro, and Maria
Novales-Flamarique, “Why
top management eludes women in
Latin America: McKinsey
Global Survey results,” mckinsey
.com, August 2013.
compared with 81 percent of midlevel or senior men. Looking at responses from the
senior executives who are one step away from the C-suite, women are more likely than men
to strongly agree that they have top-management ambitions and want to advance in their
organizations (Exhibit 1).
Women are also ready to do what it takes to achieve their ambitions. Nearly two-thirds of both
male and female executives say they are willing to sacrifice part of their personal lives to
reach a top-management position. What’s more, three-quarters of women—a slightly higher
Survey 2013
share than men—say they promote themselves and communicate their ambitions to direct
Women matter
supervisors of 5others at the top, while 45 percent of women (and 48 percent of men) say they
Exhibit 1 and
have proactively asked for promotions.
Exhibit 1
Women’s career ambitions exceed those of their male
Women’scareer ambitions exceed those of their male peers. peers.
% of respondents1
Strongly agree
Over the course of my career,
I have the desire to reach a topmanagement position
Total,
n = 1,421
38
Female senior
managers, n = 307
Male senior
managers, n = 232
1 Respondents
44
37
39
I have a strong desire to
advance to the next level in
my organization
77
38
46
Agree
42
82
83
36
who answered “strongly disagree,” “disagree,” or “don’t know/not applicable” are not shown.
83
32
51
37
78
37
74
3. 3
McKinsey Global Survey results Moving mind-sets on gender diversity
Yet female executives are much less certain they will reach the top: 69 percent of midlevel or
senior women say they are confident they will succeed in reaching a top-management position,
compared with 83 percent of their male peers. To better understand what affects confidence
levels among women, we identified two sets of factors that can drive or inhibit career success:
those that center on personal actions, desires, and initiative to advance, and those that
reflect the organizational environment in which executives work.
Of the female respondents who want to reach the C-suite, we compared those who believe they
will succeed with those who do not—looking specifically at how each group perceives these
individual and collective factors. The responses from the two groups of women differ much
more when they consider the elements related to corporate culture rather than individual
factors. On average, the differences suggest that collective, cultural factors weigh more than
twice as much as individual factors on women’s confidence to reach top management
(Exhibit 2).
The more confident women are more likely to report, for instance, that their companies’
prevailing leadership styles are compatible with women’s leadership and communication styles,
that their corporate cultures are compatible with gender-diversity objectives, and that
women are just as likely as men to reach the top at their companies. So while women have
the ambition and are ready to do what it takes to succeed, collective factors have a
strong role to play in building (or undermining) the confidence these executives need to get
to the top.
4. 4
McKinsey Global Survey results Moving mind-sets on gender diversity
Survey 2013
Women matter
Exhibit 2 of 5
Exhibit 2
Women’s confidence to reach top management depends more more on
Women’s confidence to reach top management depends
on collective corporate culture than onon individual factors.
collective corporate culture than individual factors.
% of female respondents who agree
with the following statements
Individual
factors
Confident to succeed, n = 430
Not confident to succeed, n = 113
I am willing to sacrifice part of my personal
life to reach top management
81
69
I promote myself and clearly communicate
my ambitions upward
78
75
Average
percentage-point
difference
8
70
68
I have proactively asked for a promotion
I aim to develop my career in a function or
position with profit-and-loss responsibilities
Collective
factors
53
38
74
Overall, I maintain good work-life balance
48
My organization’s gender-diversity
aspirations match its overall culture
66
48
I find it easy to promote myself and
communicate my ambitions upward
63
42
Women’s leadership style matches the
prevailing style of top management
62
39
In my organization’s culture, diversity in
general (eg, age, ethnicity) is a core value
60
43
In my organization, women are as likely as
men to reach top management
45
12
Pregnancy and maternity leave can
undermine women’s career advancement1
29
30
A top career implies “anytime, anywhere”
availability that requires sacrifices1
Working part-time reduces the likelihood
of reaching top management1
1 To
26
17
6
0
compare responses to questions that were framed in a negative way, the “disagree”
responses are shown.
17
5. 5
McKinsey Global Survey results Moving mind-sets on gender diversity
Challenges of company culture
Significant hurdles in corporate culture stand in the way of women reaching top management,
according to respondents. One is a lower level of engagement and support on the part of
men. While three-quarters of men agree that diverse leadership teams with significant numbers
of women generate better company performance, fewer recognize the corporate challenges
that women face. Just 19 percent of male respondents strongly agree that reaching top management is harder for women, and they are almost six times more likely than women to
4
This result is consistent with
our earlier research: when asked
about the biggest barriers
to increasing top-management
diversity, for the fourth survey
in a row, respondents most
often cited the “double burden”
syndrome, in which women
must balance work and domestic responsibilities.
disagree (Exhibit 3).
Another challenge is the performance model that many companies adhere to. Most men and
Survey 2013 a top-level career implies “anytime, anywhere” availability to work, and that
women agree that
Women matter
this standard imposes a particularly severe penalty on female professionals. When asked
Exhibit having children is compatible with a top-level career for women, 62 percent of all
whether 3 of 5
respondents agree, while a much larger share (80 percent) says so for men.4
Exhibit 3
Men are much less aware than women challenges female
Menare much less aware than women of theof the challenges
employees face at work.
female employees face at work.
% of respondents
Strongly agree
Even with equal skills and qualifications, women have much more
difficulty reaching top-management positions
Female respondents,
n = 797
1
4 4
19
24
30
Disagree
Strongly disagree
Don’t know/not applicable
Male respondents,
n = 624
4 2
Agree
63
49
6. 6
McKinsey Global Survey results Moving mind-sets on gender diversity
Flexible working conditions are not necessarily the answer, though. While part-time opportunities may get more women into the company, at least 90 percent of men and women say
part-time work reduces the likelihood of reaching top management. At home, women also feel
less supported than men do, a difference in views that is greatest right before the C-level:
89 percent of male senior managers say their partners or spouses support their career
advancement and help them manage work and family life, while 71 percent of senior-level
females agree.
Last, current views on female leadership—and the behaviors that top managers should display—
also pose a challenge. While nearly all male and female executives believe women can
lead just as effectively as men, male respondents are not as strongly convinced (Exhibit 4). The
results also suggest a lack of diversity in leadership styles: almost 40 percent of female
respondents believe their leadership and communication styles don’t fit with the prevailing
habits required to be effective top managers where they work.
Moving 2013
Survey the needle through inclusivity
When asked about
Women matter the most important drivers for increasing gender diversity at the top,
executives of 5
Exhibit 4identify two in particular: first, strong CEO and top-management commitment, and
second, a corporate culture and mind-sets that support gender-diversity objectives. Along with
Exhibit 4
At all levels, the views on leadership diverge by gender.
At all levels, the views on leadership ability ability diverge by gender.
% of respondents,1 by tenure
Strongly agree
Agree
Women can lead just as effectively as men
C-level
Female
respondents
Male
respondents
1 Respondents
Senior managers
77
50
22
43
84
99
93
43
Midlevel managers
14 98
51
94
76
41
who answered “strongly disagree,” “disagree,” or “don’t know/not applicable” are not shown.
15 91
53
94
7. 7
McKinsey Global Survey results Moving mind-sets on gender diversity
Survey 2013
Women matter
Exhibit 5 of 5
Exhibit 5
Among male executives, skepticism gender-diversity
Amongmale executives, skepticism aboutabout
issues still lingers.
gender-diversity issues still lingers.
% of respondents who agree with the following statements
Female respondents,
n = 797
Male respondents,
n = 624
I see value in gender-diversity initiatives
and believe that organizations have a role
to play in increasing diversity
95
Even with equal skills and qualifications,
women have much more difficulty reaching
top-management positions
93
Having too many gender-diversity
measures or initiatives to promote women
leaders is unfair to men
84
68
34
Men who agree that women have
more difficulties
54
49
Men who disagree that women
have more difficulties
1 Respondents
66
who answered “strongly disagree,” “disagree,” or “don’t know/not applicable” are not shown.
our earlier research and experience, the latest survey results confirm that there is no single
way to make change happen; companies need a whole ecosystem of measures. However, change
starts at the top—and respondents recognize how important this leadership support is.
To implement the ecosystem approach that diversity-friendly culture and mind-sets can
reinforce, a key is increasing the inclusiveness of gender-diversity programs. For many respondents’ organizations, there is a clear need to engage male executives, given that men are
notably less likely than women to see value in diversity initiatives, less aware of the challenges
women face, and more likely to think that too many measures that support women are
unfair to men (Exhibit 5). This last belief, about unfairness, is especially common among
the men who are less aware of the challenges women face. Unless more men (and men
at the top) actively support a gender-diversity agenda, our experience suggests that nothing
will change. Ultimately, what is good for women will also be good for men—and
for corporations.