Part II: Women & Leadership: Ideas for Support & Growth

Tomorrow, March 08, is International Women’s Day. In this 2nd part to my previous post, I propose some solutions for the challenges women face when aiming for leadership positions at the workplace. Organizations like Accenture, Deloitte, GE, and Credit Suisse have already implemented programs for women employees. The steps that seem to work for them can be grouped into the following categories:

1. Follow the data: A study conducted by EY and the Peterson Institute (nonprofit based in Washington) in 2016 found that an increase by approx. 30% in the number of women in leadership positions leads to an approx. 15% rise in organizational profitability. Another study by The Catalyst Group (Canada, 2011) found that this profitability becomes more evident when companies sustain higher representation (3 or more women board directors over 4-5 years) as this can lead to approx. increases of 84% on return on sales, 60% on return on invested capital, and 46% on return on equity. These are some of the most convincing data-driven arguments in favor of encouraging more women to higher leadership positions.

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