Nov 21, 2016 | Corporate, Leadership, Political
Source: Knowledge at Wharton
“It will take more than a century to reach gender parity in the C-suite, and a quarter-century to achieve equality even at the senior VP level, according to a report by McKinsey & Company. “We’re moving at a glacial pace,” said McKinsey associate Rachel Valentino. “We need to be doing more to address this issue faster.” Among the 50 new CEOs hired by Fortune 500 companies over the past year, not one is female.These and other surprising statistics can be found in the report “Women in the Workplace 2015,” which Valentino presented at this year’s Wharton Women’s Summit. The report concluded that “corporate America is not on a path to gender equality” and revealed that “women are still underrepresented at every level in the corporate pipeline.”
The study is part of a long-term partnership between McKinsey and LeanIn.Org, the nonprofit founded by Facebook COO Sheryl Sandberg in 2013. The research analyzed 118 companies and nearly 30,000 employees.
Valentino asserted that advancing women up the corporate ladder, besides being the ethical thing to do, would boost the U.S. economy by $2.1 trillion. Forty percent of the economic gain would come from increased workforce participation, 30% from increased full-time employment, and 30% from a changing sector mix. Gender parity in business would represent 10% more U.S. GDP growth through 2025 than business as usual.”
[x_button shape=”square” size=”regular” float=”none” href=”http://knowledge.wharton.upenn.edu/article/corporate-gender-equality-take-100-years/” title=”Read the full article.” target=”blank” info=”none” info_place=”top” info_trigger=”hover”]Read the full article.[/x_button]
Nov 14, 2016 | Economic Security, Leadership, Political
A short film about the women who claimed a place in American politics.
Source: Vox
“In 1788, Thomas Jefferson wrote that American women shouldn’t “wrinkle their foreheads with politics.” A century and a half later, when Hillary Clinton was born, that attitude still prevailed.
That year, 1947, the US had zero female senators, zero female governors. The Supreme Court, and the Oval Office of course, had only ever seen men. It was only really in the past 40 years that women learned they could lead and men learned they could be led by women.
That revolution in American culture is still ongoing, but the idea that women are naturally unfit for government is now so alien to younger generations that many feel uncomfortable even considering the gender of a political candidate. The realities, however, lag behind the attitudes. Women make up only about 20 percent of the US House and the US Senate, and about 25 percent of state government.”
[x_button shape=”square” size=”regular” float=”none” href=”http://www.vox.com/2016/11/10/13590590/someday-woman-president” title=”Read the full article and watch the 15 minute video.” target=”blank” info=”none” info_place=”top” info_trigger=”hover”]Read the full article and watch the 15 minute video.[/x_button]
Jun 27, 2016 | Leadership, Work
“According to the queen bee theory, a female senior manager should have a more negative impact on the other women trying to climb into professional ranks. When strategy professors studied the top management of the Standard & Poor’s 1,500 companies over 20 years, they found something that seemed to support the notion. In their study, when one woman reached senior management, it was 51 percent less likely that a second woman would make it.
But the person blocking the second woman’s path wasn’t usually a queen bee; it was a male chief executive. When a woman was made chief executive, the opposite was true. In those companies, a woman had a better chance of joining senior management than when the chief executive was a man.”
[x_button shape=”square” size=”regular” float=”none” href=”http://www.nytimes.com/2016/06/23/opinion/sunday/sheryl-sandberg-on-the-myth-of-the-catty-woman.html” title=”Sheryl Sandberg on the Myth of the Catty Woman” target=”blank” info=”none” info_place=”top” info_trigger=”hover”]Read the article[/x_button]
Jun 23, 2016 | Leadership, Wage Gap, Work
The Manager Divide—an underrepresentation of women in manager positions—significantly contributes to the gender wage gap.
Report Findings:
· There is a pronounced dip in the percentage of women in the workforce between the ages of 25 and 40, the same age range in which women commonly have children
· The gender wage gap widens at age 32, starting with women earning 90% the wages of men, and decreasing to women earning 82% the wages of men by age 40
· Women are underrepresented in manager positions from age 32 onwards—the same age at which the wage gap between men and women broadens
· Manager wages are, on average, 2 times that of non-manager wages
· Having the same representation of women in manager positions as men would reduce the gender wage gap to 10% across all age groups— an improvement most notable for the age 32 and older population
[x_button shape=”square” size=”regular” float=”none” href=”http://www.visier.com/wp-content/uploads/2016/06/Visier-Insights-Report-Gender-Equity.pdf” title=”Visier Insights Report: Gender Equity & The Manager Divide” target=”blank” info=”none” info_place=”top” info_trigger=”hover”]Read and download the report[/x_button]
Jun 15, 2016 | Data, Leadership
LedBetter is a research group that runs a database and application showcasing the number of women in leadership at the world’s top consumer brands and companies. Its mission is to empower and educate consumers, policymakers, leaders, journalists and others about the companies they support and cover, and improve the public’s understanding of which companies promote gender equality in leadership — and which do not.
LedBetter is a research group that runs a database and application showcasing the number of women in leadership at the world’s top consumer brands and companies. Its mission is to empower and educate consumers, policymakers, leaders, journalists and others about the companies they support and cover, and improve the public’s understanding of which companies promote gender equality in leadership — and which do not.
LedBetter was founded by journalist Iris Kuo and marketing leader Camille Ricketts in 2013, and received a grant from the International Women’s Media Foundation Howard G. Buffett Fund in 2015. It formally launched the LedBetter Index, Database and Application in June 2016.
LedBetter is largely a volunteer-run project.
[x_button shape=”square” size=”regular” float=”none” href=”http://www.getledbetter.com/” title=”LedBetter Gender Equality Index” target=”blank” info=”none” info_place=”top” info_trigger=”hover”]Go to the website[/x_button]
May 4, 2016 | Leadership, Political, State Initiatives, Vermont, Work, Workplace Diversity
“Did you know that in Vermont that 43 percent of women who work full-time do not earn enough to cover basic living expenses as defined by Vermont’s Joint Fiscal Office? That single women with minor children are nine times more likely than women who are married to live in poverty? That the median annual Social Security income for women in their senior years is only $10,000—half that of men?
These and other startling statistics were recently revealed in “2016 Status Report: Women, Work and Wages,” a new brief released in January and produced by Change The Story (CTS), a multiyear initiative dedicated to significantly improving women’s economic status in Vermont. Spearheaded by the state’s three most active and influential women’s organizations—the Vermont Women’s Fund, the Vermont Commission on Women, and Vermont Works for Women—it aligns philanthropy, policy, and program to dig deep into the underlying reasons why women continue to lag behind their male counterparts in almost every area of economic activity and to uncover key leverage points and gender issues that should be considered in future planning for education, employment, and state spending.”
[x_button shape=”square” size=”regular” float=”none” href=”http://changethestoryvt.org/wp-content/uploads/2016/05/Vermont-Woman-article.pdf” title=”Vermont Woman: Changing the Economic Story for Vermont Women” target=”blank” info=”none” info_place=”top” info_trigger=”hover”]Read the full article[/x_button]
