Women have made inspiring progress in the workplace. Last year, for example, the number (and diversity) of women in the C-suites of Fortune 500 companies reached an all-time high. And yet, despite this progress, women remain highly underrepresented in corporate leadership.
Improving this will bring important benefits. Women often excel in essential leadership capabilities such as professionalism (self-motivation, work ethic, resilience), networking, collaboration, communication, and critical thinking, outperforming men in all but one of 12 different emotional intelligence measures according to a study by the global consulting firm Korn Ferry . Other studies have found that innovative companies benefit from having women at high levels of leadership—and that female leaders are seen as honest and ethical more often than men are.
Building a more nurturing environment for women is part of creating a more inclusive workplace overall, and the subject of a recent Bain & Company study, The Fabric of Belonging: How to Weave an Inclusive Culture. Based on interviews and surveys of more than 10,000 people, of whom 4,500 were women—in seven different countries and across all levels of their organizations—the authors found that women who feel excluded at work are three times more likely to quit than those who feel included.
This is important information for managers battling the Great Resignation and women’s relatively higher level of burnout. Inclusive organizations have an easier time attracting talent across demographics. And a truly inclusive environment is critical for retention. The study found that employees experiencing low inclusion are up to six times more likely to actively pursue new jobs compared with those in similar demographics experiencing high inclusion. Those who feel “fully included” are also much more likely to promote their place of employment to others than those who feel “not at all included”: +71% vs. –83%.
Continue reading: https://www.forbes.com/sites/davidmichels/2022/05/18/building-a-workplace-that-women-and-others-find-inclusive/?sh=2aed372f4e36
Improving this will bring important benefits. Women often excel in essential leadership capabilities such as professionalism (self-motivation, work ethic, resilience), networking, collaboration, communication, and critical thinking, outperforming men in all but one of 12 different emotional intelligence measures according to a study by the global consulting firm Korn Ferry . Other studies have found that innovative companies benefit from having women at high levels of leadership—and that female leaders are seen as honest and ethical more often than men are.
Building a more nurturing environment for women is part of creating a more inclusive workplace overall, and the subject of a recent Bain & Company study, The Fabric of Belonging: How to Weave an Inclusive Culture. Based on interviews and surveys of more than 10,000 people, of whom 4,500 were women—in seven different countries and across all levels of their organizations—the authors found that women who feel excluded at work are three times more likely to quit than those who feel included.
This is important information for managers battling the Great Resignation and women’s relatively higher level of burnout. Inclusive organizations have an easier time attracting talent across demographics. And a truly inclusive environment is critical for retention. The study found that employees experiencing low inclusion are up to six times more likely to actively pursue new jobs compared with those in similar demographics experiencing high inclusion. Those who feel “fully included” are also much more likely to promote their place of employment to others than those who feel “not at all included”: +71% vs. –83%.
Continue reading: https://www.forbes.com/sites/davidmichels/2022/05/18/building-a-workplace-that-women-and-others-find-inclusive/?sh=2aed372f4e36
