The Latest Insights from Leading NOW

Since the 1970s, many companies have understood and taken action on the business case for gender initiatives, made progress and reaped benefits. Others are still questioning whether this topic warrants their attention. In a recent interview for an upcoming TV biz news interview I was asked about this:

We use this blog to track the research into the correlation between the % of women in senior management and on boards and measurable business performance. It is updated as research comes in. You'll find related information on correlation v. causation here.

Sitting in a talent discussion a manager says, "She wouldn't want that assignment, she has young kids." Sound far fetched in the 21st century? It isn't! Our research finds that barriers created by mindsets like this are reported by women's focus groups in countries including the US, Canada, Brazil and India and focus groups of male managers in countries such as Belgium, China, Italy and Mexico.

Today, Tuesday, April 12, is Equal Pay Day in the United States. Equal Pay Day is day when women’s earnings finally “catch up” to men’s earnings from the previous year. Want to know how best to "celebrate" Equal Pay Day this year? Try these: Ask your HR team when the next wage equity audit will be conducted - and encourage your colleagues to do the same. Share well-researched information about the wage gap. For example: the WEF Global Gender Gap Report and Glassdoor report or any of the other articles listed below. Urge your elected officials to support wage equity. If you can self-nominate for advancement, do so. Contact Leading Women to see how we can help your company close the gender gap!

Most executives believe the "gender problem" isn't real. And many wonder why we're still talking about it. I recently read two reports on Gender Diversity published by McKinsey& Company: Women in the Workplace 2015, and The CEO’s Guide to Gender Diversity, that illustrate how real it is and why it hasn't been fixed.

We recently asked our cracker-jack researcher Lara Feghaly to decode the 10 most substantive articles on confidence that she could find. And to do the same with the book The Confidence Code. What she discovered is startling and crucial for women's career advancement. And we've turned it into an infographic for you.

The 2016 Deloitte Millennial Study is out - and Leading Women's research is in and neither is great news for companies without a leadership development program for their Millennial women: Deloitte research says: “This year’s survey shows that women are equally likely as men to rate 'opportunities for career progression and leadership roles' as a major factor for staying at or leaving a job.” “Millennials want to work for organizations that have a purpose beyond profit, and they want those organizations to provide opportunities to develop leadership skills. These may be the two most important factors in creating job satisfaction and long-term loyalty, especially among Millennial women.” “This year’s survey shows women (67 percent) are slightly more likely than men (64 percent) to leave their employers within the next five years. One reason could be that 48 percent of female respondents say they are 'being overlooked for potential leadership positions.'”

The World Economic Forum (WEF) released its 2015 Gender Gap Report, so we thought we'd take a look at the 10 year trend in the US and in some of the countries where our clients are working to close the gender gap in their companies. While progress is slow, many nations are making progress - and we are grateful for the improvements they are making in the lives of women.

Recently I read an article about Fortune Magazine’s Pattie Sellers moderating a discussion with execs from Facebook, Coca-Cola and FCB Worldwide on how their companies were attacking the problem of unconscious bias. When referring to unconscious bias, Maxine Williams, global director of diversity at Facebook spoke about “a problem that, as increasing numbers of companies are realizing, prevents them from improving their workforce diversity and typically interferes with the productivity of their employees.” When Seller asked the audience of 200 executives whether they had unconscious bias training programs within their company, only a dozen raised their hands. When asked how many would like to have a program, practically the entire room raised their hands. Huh. If unconscious bias is as big a problem as it seems, why don’t more companies have a plan to deal with it?

When it comes to overcoming mindsets that cause the leadership gender gap, one of the practices that we recommend is to require recruiters (internal and external) to deliver diverse slates of candidates for key positions. While companies often focus on senior positions, we recommend this practice be implemented for positions above the diverging point (the point at which the % of women begins to decline and that of men increases).