Tuesday, August 5, 2014

Promoting Women into Leadership Pays Off

Educate a woman and you have educated the whole world.....Trust her with your office and she will make it her own and will make wonders...wink!!wink!! 

Josh Bersin writes,,,,Research shows that when women lead, the business performs.
Catalyst, a leading research firm that studies women in business, found that a 10% increase in women on the board correlates to a 21% increase in women in executive positions, and even more importantly:
  • Return on Equity: Companies with the highest percentages of women board directors outperformed those with the least by 53 percent.
  • Return on Sales: Companies with the highest percentages of women board directors outperformed those with the least by 42 percent.
  • Return on Invested Capital: Companies with the highest percentages of women board directors outperformed those with the least by 66 percent.
This has certainly been my own personal experience. In the company I founded (Bersin by Deloitte), many of our best analysts, sales people, and marketing leaders are women. In fact more than half our business is women.
If you are a business leader or HR manager look around at your own leadership. Are women represented adequately? If not, I challenge you to ask why.
Bottom Line: Employers Can and Should Make a Difference
The Shriver Report study makes a compelling case. Too many women still find the workplace difficult, uninviting, or unrewarding. Too many women live in poverty. And even professional women (and men) struggle to balance the demands of their employer with the needs of their family.
My point is that this is not only hard on people, it’s also bad business. Paying people well, creating flexible working conditions, and creating an inclusive environment improves business performance. It creates a workplace of engaged, hard-working, collaborative people. And this in turn increases sales, customer service, and long term profitability.
A famous 2008 Harvard Business Review article “The Service Value Chain” proves that employee-centric companies like Southwest Airlines outperform their peers on a regular basis. This lesson, which was learned many years ago, needs to be re-learned today.
What’s good for people is always good for business. Think about these issues in your own work environment and ask yourself are we doing what’s best for our people and our customers? If you do I think you’ll find many opportunities to help women in your own work environment, and improve your bottom line as well."
This comes to challenge all women out there,,,what are you doing in that office that you have been given ..?? are you a performer? are you a challenger and are you doing the best to show your capabilities???Do you have the confidence and do you believe in yourself that you can do it  without any inferiority complex??

1 comment:

  1. This as an encouraging article but I also urge women not to expect extra privileges just because they are female.