Why Cultivating Women
Leaders Is Essential To
Business Success
3 bottom-line reasons
By Jenn Labin
Let us check out why increasing
women in leadership roles
seem to be critical now more than
ever, as companies look to create
more diverse, equitable and
inclusive workplace cultures. See
how companies Avaya, Bacardi
and Cardinal Health are inspiring
advocacy, helping women move
up and increasing the percentage
of women leaders in their
organizations.
Are Women Still
Underrepresented In
Leadership Roles?
Yes. While the percentage of
women in leadership positions
has increased over the last
decade, women are still underrepresented
in leadership roles.
Women make up just over half
of the United States population
but, McKinsey estimates that 28
percent of senior vice president
positions are held by women
and a mere 21 percent of c-suite
level positions are held by
women. Of the Fortune500, only
8.2 percent, have female CEOs.
Why Should Companies Be
Cultivating More Women
in Leadership?
1. Profitability. Companies
with gender-diverse
leadership are four
times more likely to have
sustained profitable growth
over time.
2. Culture. Companies with
strong gender diversity
are five times more
likely to work across an
organization’s silos and
exhibit a culture of growth.
3. Innovation. Companies
with greater gender
diversity in leadership are
twice as likely to have their
leaders work together to
create new solutions and
opportunities.
Leadership Excellence presented by HR.com JULY 2021 40 Submit Your Articles
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