Let’s start with the facts. I often make the mistake of assuming that we all know these statistics, and often find people surprised to learn that statistics on women’s equality in the workplace has barely changed in last two decades. Engaging the other half of our workforce (women) is absolutely vital for us to increase our productivity and profits. According to a Catalyst, an organization focused on a mission to accelerate progress for women through workplace inclusion, shares these statistics in its June 2016 report:
- 4.2% of CEOs are women
- 19.9% of board positions are held by women
- 25.1% of executive or senior-level officials and managers are women
- Women still just earn $0.79 on the dollar compared to men in similar positions
Women produce results. The Peterson Institute for International Economics’ recent study associates a 15% lift in profitability with more women in top management positions. When women are a part of these vital leadership roles for organizations, the results are staggering. With a diverse perspective, and collaborative style, women round the team out, and create more innovative and successful teams. The results from this study clearly illustrate the overwhelming need to engage women and promote more to leadership roles in organizations.