Women Leaders Make Slow Progress
Despite the performance benefits of having more women leaders at the top of the org chart, slow progress has been made since 1960. This infographic reviews the ups and downs for women in business.
Stalls, Setbacks & Slow Progress for Women Leaders
Studies have shown women leaders to be essential components of a successful workplace, yet they are still overwhelmingly missing from leadership positions. Promoting diversity in leadership is not just the right thing to do, it’s the right business strategy. Company profits and share performance can be close to 50% higher when women are well represented at the top of the org chart, according to McKinsey research. And these stats are even more revealing:
- Companies with more women on their board improve cohesiveness and decision-making, increase corporate social responsibility, and respond better to change.
- Gender-balanced boardrooms are almost 20% more likely to improve business outcomes and have a greater ability to gauge consumer interest and demand.
- Companies that add just one more woman to their board (while keeping the board size unchanged) achieve an ROI of 8 to 13 basis points.
Despite the evidence that women leaders are key drivers of company success, organizations are still working toward gender equality.
Why are women leaders still underrepresented in the top tiers of organizations?
Is it because they lack the degrees and skills to fill those roles? Data proves this isn’t the case. A Zenger Folkman study shares that women commonly demonstrate key leadership traits more than men in 360° assessments.
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IMPACT Group is a WBE-certified global leader in leadership development, relocation support, and outplacement assistance. We offer leadership development programs for employees at all levels in their careers. IMPACT Group leverages our expertise to transform the workplace, delivering Women in Leadership™, High IMPACT Coaching, and Executive Coaching programs at organizations around the world.
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The Women in Leadership Program gave me the opportunity to work with an amazing group of women and helped me become a more effective manager.
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