⏳ Did you know it will take 48 years to reach true gender parity in senior leadership at the current pace of change? Fresh data from McKinsey & Company's 2024 Women in the Workplace report reveals (annd isn't this a timely release of this report? 🤐): 👔 Women in C-suite: 29% (up from 17% in 2015) ⚠️ But progress is fragile - largely driven by adding staff roles rather than line roles 🔍 Women of colour hold just 7% of C-suite positions The path to accelerating change requires concrete action on three fronts: ✔️ Fixing the broken rung at manager level 💪 Investing in developing women leaders ✅ Creating accountability in C-suite advancement What have you noticed working for your organisation, if anything? (access to the full report provided below) #genderequity #womenintheworkplace #inclusiveleadership https://lnkd.in/exdEnzK8
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A Decade of Progress, Yet Still a Long Way to Go The latest Women in the Workplace report from #McKinsey and LeanIn.org sounds a sobering alarm: despite incremental gains, women's experiences in the workplace have stagnated or even regressed over the past decade. This disheartening reality demands sustained effort and commitment from leaders and organisations around the world. Landmark Study 🧩 While geographically limited to America, the study's findings have far-reaching implications, exposing gender disparities that transcend borders. Challenging Findings 🧩 Stagnant Progress: More than 480,000 individuals have shared their workplace experiences, with the finding that women's workplace situation paints a picture that remains largely unchanged or has worsened over the past decade. But Process is process, and Progress is inevitable ✅ As leadership consultants in executive search, we commit to intensifying our efforts and sharpening our focus on gender parity. This is not just a moral imperative but a business one. Download the Full Report 👉 https://lnkd.in/eRyC5nT All Credit to McKinsey #diversitymatters #womeninworkplace #womenareleaders #genderequality #thrivetogether
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True #empowerment of women is not solely achieved through the provision of preferential treatment or prioritization in attaining CXO positions and board representation. In reality, such approaches risk marginalizing their voices and initiatives in #decisionmaking processes. Rather, it stems from the provision of #equal opportunities to individuals based on #merit and #capability, thereby enabling them to contribute effectively at both strategic levels and in fostering an inclusive work environment.
Increasing number of women at CXO and CEO level improves decision making and more often than not yields positive dividends to an organisation. I feel companies must strive for minimum 25% women at CXO level and minimum 20% at board level. The fact of the matter is women by nature are more intuitive as well as more astute in picking up the unsaid Hence, good to have this skill as more and more decisions today have to be made rapid fast and hence based on gut as luxury of time not an option sometimes. Good to get your perspective on this. Is it an agenda that should be followed or left gender agnostic? Do women tend to do better in certain functional areas? Survey done by Executive Access shared below.
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The #IBM Institute for Business Value conducts a biennial global survey to assess opportunities and barriers to women's advancement. The latest study, encompassing 12 countries and 10 industries with 2,500 participants, offers invaluable #equality insights for driving meaningful change for #HR leaders. https://ibm.co/3y1GcpE #equalopportunities
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Increasing number of women at CXO and CEO level improves decision making and more often than not yields positive dividends to an organisation. I feel companies must strive for minimum 25% women at CXO level and minimum 20% at board level. The fact of the matter is women by nature are more intuitive as well as more astute in picking up the unsaid Hence, good to have this skill as more and more decisions today have to be made rapid fast and hence based on gut as luxury of time not an option sometimes. Good to get your perspective on this. Is it an agenda that should be followed or left gender agnostic? Do women tend to do better in certain functional areas? Survey done by Executive Access shared below.
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The Unsettling Reality for Women in Leadership I find it astounding how, despite the fast-paced evolution of the business landscape, gender disparity remains stark. The data is disheartening for me! Did you know that at the current rate, according to McKinsey & Company it will take a mind boggling 200 years for women to achieve parity with men in C-Suite positions globally. Currently, women hold only 34% of board roles in FTSE 100 companies, and the numbers dwindle even further when it comes to executive roles like CEOs. Why? In the UK, a staggering 90% of women fail in progress beyond VP/Director status and this figure soars to 96% for women of colour. Why? This underrepresentation highlights the systemic barriers that persist in corporate leadership. We need to tackle these age-old barriers head-on and accelerate change. We must support women to not only climb the corporate ladder but also thrive and lead. At Steer24, we believe that meaningful change requires deliberate action, we’re dedicated to creating impactful solutions: - Mentorship and Sponsorship Programmes: Pairing emerging female leaders with seasoned executives. - Leadership Training: Offering specialised masterclasses to prepare women for top executive roles. - Networking Opportunities: Facilitating powerful connections with influential industry leaders. - Advocacy and Awareness: Promoting policies that support gender equality and equity in women in the workplace. Join us in this movement to transform the landscape for women in business. Let’s break the barriers and ensure that women are represented and empowered at the highest levels. Let’s continue this conversation. Connect with me, share your thoughts and together we can me a difference. Let’s talk about how we can collaborate to drive change and create a more inclusive future. #WomenInLeadership #CareerAdvancement #EquityInBusiness #InclusiveLeadership #WomenWhoLead #WomenEmpowerment #Steer24
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Companies with women on executive boards earn 47% higher rate of return on equity than companies without female executives. This data-rich report from Deloitte - Striving for balance. Women in finance - shines a light on the challenges that still exist in gender leadership parity, and dives into actionable ways companies can lead the way for positive change. With our clients across all industries, we talk a lot about how they are addressing culture and inclusivity. This report touches on some of the top actions we see implemented at our clients too. Examples like schedule flexibility, sponsorship and mentorship opportunities, supported and normalized parental leave policies, learning and development, and allyships that include men leading by example and supporting women in the workplace. Let’s all keep advocating for the talented women in our workplaces. #womenshistorymonth #genderequity #genderequality #diversityandinclusion #leadership #executivesearch https://lnkd.in/gjRW2qqt
deloitte.com
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Did you know that only 14% of leadership roles in Indian businesses are held by women? Surprising, isn’t it? But here’s why this statistic should matter to every organization. Gender diversity isn’t just a buzzword—it’s a game-changer. Studies have consistently shown that companies with women in leadership outperform those without. Why? Because diversity brings fresh perspectives, different problem-solving approaches, and more balanced decision-making. Women leaders often promote a collaborative work culture, enhancing team dynamics, creativity, and overall efficiency. Moreover, having more women at the top can lead to improved employee engagement and better customer relations. A gender-diverse leadership sends a message that your organization values inclusion, making it more attractive to top talent and even investors. It’s not just about ticking a box for equality; it’s about creating a thriving, resilient business. It’s high time we recognize the power of women as leaders. Let’s challenge the status quo, break the glass ceiling, and ensure that organizations reflect the diverse world we live in. Seema Chauhan #GenderDiversity #WomenInLeadership #InclusiveWorkplace #DiverseTeams #LeadershipMatters #EqualOpportunities #BusinessSuccess #Empowerment #DiversityDrivesInnovation #BreakTheCeiling #Aaraambh #EmpoweringYourCareerStory #AaraambhForEquality
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Calling All Women Leaders: Share Your Challenges and Pave the Way for Gender Equity Are you a woman manager, corporate leader, or professional with over 8 years of experience? HerKey, in collaboration with Prin. L.N. Welingkar Institute of Management Development & Research invites you to participate in a groundbreaking survey exploring the challenges Indian women face in advancing to managerial roles. This research aims to uncover the barriers that contribute to the "broken rung" phenomenon, where women are underrepresented in managerial positions. By sharing your experiences, you can help drive positive change and empower other women to navigate their careers more effectively. The survey takes only 10 minutes to complete, and all responses will remain confidential. An online report will be shared with you once it is officially released. Take the survey now and be a part of the movement towards gender equity in the workplace. https://lnkd.in/gjHHC7nX Your voice matters. Together, we can break down the barriers and create a more inclusive corporate landscape for women leaders to thrive. #WomenInLeadership #GenderEquity #CareerAdvancement #BrokenRung
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Stereotypes about gender roles have been around for decades – but how many still influence our workplaces today? 🤔 Whether it’s the assumptions that women are better at soft skills or that leadership is a “man’s job”, these outdated ideas continue to affect career paths and opportunities. And the good news is that we can start changing these narratives by being more aware of how they shape decisions and conversations at work. 🌱 By the way... From 2015 to 2023, the number of women in the C-suite has increased from 17 to 28%. Source: McKinsey & Company, Women in the Workplace Report 2023 This week, let’s think about how we can support each other in breaking these barriers and creating more inclusive work environments. #GenderInDetails #BreakStereotypes #MondayMotivation #DiversityAtWork
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A recurring theme in discussions about gender disparities in the workplace is that women often hesitate to put themselves forward for opportunities. This hesitation can stem from a variety of systemic, societal, and internalised barriers 👎 Books like Sheryl Sandberg's Lean In and Tara Sophia Mohr's Playing Big provide us with valuable insights into these challenges 📚 Sheryl discusses how women are less likely to apply for promotions unless they meet 100% of the qualifications, while men apply when they meet 50%. Which highlights a confidence gap that often prevents women from advancing in their careers. Tara Mohr introduces the concept of the inner critic, which disproportionately affects women. This inner voice often magnifies doubts and diminishes confidence, making women less likely to 'put themselves forward.' So why is is a problem? When women do not put themselves forward, not only are their careers impacted, but it also contributes to a lack of diversity in leadership, affecting organisational decision-making and innovation. 💭 The underrepresentation of women in senior roles perpetuates the cycle, as fewer role models exist for aspiring women leaders. Have you experienced this hesitation? What strategies have helped you or others to 'put themselves forward'? Let's discuss 👇 she does data. she does it all 💜 #genderdisparity #gendergap #shedoesdata #womeninleadership #womenindata #putyourselfforward
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