Is Strong Female Leadership Tied to Increased Profits?
According to the Gender Forward Pioneer Index, only 10.9% of the world’s largest 500 companies’ senior executives are women. Nearly 37% of organizations have all-male leadership teams, while over 21% have only one woman in C-suite teams. Numerous studies have revealed that women have higher emotional intelligence and stronger soft skills. So, how does strong female leadership lead to increased business growth? What should you do to increase diversity? In this article at TechRepublic, Brian Stone shares some tips for diversifying your top management.
Tips to Build Strong Female Leadership
Organizational culture will directly impact whether women stay with a company or leave for something better. To provide an equitable work experience, enterprises must support, retain, and develop women leaders. Here are a few tips that you must consider to promote strong female leadership.
Address Leadership Challenges
To develop women leaders, businesses must include targeted training, mentoring, and coaching opportunities at work. Furthermore, organizations must clearly understand women leaders’ skills, capabilities, and perspectives and align them accordingly in various leadership roles. Developing leadership competencies is an excellent place to start.
Offer Suitable Opportunities to Promote Strong Female Leadership
“Another effort that enterprises can make is ensuring that women are able to see the steps to climbing the corporate ladder,” says Stone. As a business leader, try mapping out a career journey to develop women leaders. Include short-term and long-term goals. Additionally, consider any personal circumstances that could affect their goals.
Provide Flexible Leadership Development Experiences
Talented women want their organizations to invest in their development. Therefore, offer flexible working formats such as virtual options. In addition, permit women leaders to put their day-to-day responsibilities on hold and make space for learning and development. These can positively impact retaining and developing strong female leadership.
Do you want to learn more about promoting women in leadership roles? Click on https://www.techrepublic.com/article/companies-with-female-ceos-found-to-be-more-profitable-on-average/ to read the original article.
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