How do organizations foster Women Leaders initiatives? The gender gap challenge continues in senior leadership positions for women, although they represent a majority of entry-level employees at Fortune 500 companies. The challenges are well known – but the most important question is what are the organizations doing to mitigate the challenge?
Here are some practices that can definitely generate forward thinking and transformational conversations for the executive teams:
1. Build a talent pipeline for women
Awareness is the first step. Companies should consider the benefits of transparency: the act of publicly sharing data on gender diversity. Some companies like Facebook, Google, and Yahoo have taken this step and initiated conversations on what they can do to bring about change.
2. Skill building for women
Companies must provide opportunities for creating and broadening networks and build capabilities required to thrive; like resilience, grit, and confidence. This will create the sustenance to deal with mistakes and challenges, and above all recover and rise above challenging situations and transform these experiences into self-assurance.
3. Introduction to sponsorship programs and role models
Seeing female role models creates a huge impact on younger women. Companies should focus on sponsorship and creating opportunities. Formal sponsorship programs help fill the opportunity gap and encourage women to aspire higher. Women leaders need to make themselves more visible as role models. On eBay, for example, SVPs and VPs set a goal for developing women’s talent by sponsoring five of them. Such efforts have helped in doubling the number of women in leadership roles.
4. Weeding out unconscious biases
One of the biggest challenges. It shadows women and sets them up for failure. Some companies are making efforts to root out these biases through action items like training, surveys (to gain insight), and policy remedies. “George Halvorson was chairman and CEO of Kaiser Permanente, he introduced the “rule of two” to encourage diversity and help avoid the “just like me” bias that’s prevalent in many promotion decisions. For appointments at the VP level and above, Halvorson encouraged leaders to bring three candidates, and no more than two of them could have a similar demographic profile—for example, sex or race.”
5. Revisiting existing policies
Child leave and maternity policies are areas for improvement. Both Google and Yahoo increased the number of days allowed for child leave. Companies are encouraging men to take paternity leave. Part-time and flexible work policies should also be encouraged.
Case Study
Westpac case study
Chief Executive Women is the pre-eminent organization representing Australia’s most senior women leaders from the corporate, public service, academic, and not-for-profit sectors. They strive to educate and influence all levels of Australian business and government on the importance of gender balance. The case study gives a detailed review of the independent assessment of the policies, practices, and outcomes at Westpac on gender equity. It also talks about the Leadership Shadow model which helps leaders everywhere to listen, learn, and lead by understanding the impact of their actions on creating gender balance.
Key Findings:
1. Leaders are at the top to drive gender equality and embed it as a business goal.
2. Build a talent pipeline.
3. Companies must provide opportunities for creating and broadening networks and building capabilities required for women to thrive.
4. Flexibility and improvements required in existing policies esp child leave and maternity.
5. Sponsorship programs and role models prove to be a huge encouragement for women to aspire higher.
