WICT advocates for women by commissioning gender diversity research and sharing proven diversity, equity and inclusion (DEI) tactics that demonstrate the strong benefits businesses realize with a more gender diverse team. A way to do that is to follow the four Pluses of Parity — increased innovation, profitability, recruitment and employee retention.
- According to Bersin by Deloitte, inclusive companies with women in all their ranks are more than one and a half times (1.5x) more likely to be innovation leaders in their market.
- To experience a significant jump in innovation revenue, leadership teams need to be at least 20% female. And that increase jumps even higher when the percentage of diverse leaders increases. – Boston Consulting Group
- On average, within the first 24 months of appointing female CFOs, companies see a 6% increase in profits and an 8% better stock return, per Bloomberg.
- Research shows that company profits and share performance can be close to 50 percent higher when women are well represented at the top, according to McKinsey & Co.’s Diversity Matters
- A survey from Glassdoor found that 76 percent of job seekers said a diverse workforce was important when evaluating potential employers.
- 61% of women look at the gender diversity of the employer’s leadership team when deciding where to work. – PwC
- Research from Harvard Business Review shows that having women leaders in a company’s ranks gives employees a greater sense of teamwork and higher workplace morale.
- Gallup found that companies with more diversity on staff have a 22% lower turnover rate.
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- Within the first 24 months of appointing female CFOs, companies saw a 6% increase in profits and an 8% better stock return, on average. Female CFOs also had about twice as many female directors reporting in to them. – Bloomberg
- Inclusive companies with women in all their ranks are one-point-seven (1.7) times more likely to be innovation leaders in their market. – Bersin by Deloitte
- Companies with above-average diversity within their management teams have innovation revenue of 45%, versus 26% for those with below-average leadership diversity. To experience a significant jump in innovation revenue, leadership teams need to be at least 20% female. – Boston Consulting Group
- Having women as decision-makers helps a company better serve women consumers. The Center for Talent Innovation, a business-backed think tank, found that a diverse workforce “can be a potent source of innovation, as diverse individuals are better attuned to the unmet needs of consumers or clients like themselves.”
- The Employment Policy Foundation reports that within ten years, there will be 6 million more jobs than available college graduates to fill them and the U.S. Department of Education says women now earn the majority, close to 60%, of all degrees conferred, from Associate’s Degrees to Professional and Doctoral Degrees.
- Women in their top ranks are more profitable companies, with higher employee retention and greater overall staff morale.
- In a study of 506 U.S. based businesses, each 1% increase in the rate of gender diversity resulted in an approximately 3% increase in sales revenues, up to the rate represented in the relevant population. – American Sociological Association
- Improved gender diversity creates better organizations: greater creativity and innovation, improved teamwork and flexibility. – Pfizer and AstraZeneca
- Women in the US make 83% of all consumer purchases and control 20 trillion dollars globally. – Business Week & Harvard Business Review
- The top quarter of Fortune 500 companies with the greatest number of women representatives on their corporate boards outperform those in the lowest quartile by at least 53% in return on equity. – Deloitte
- A global survey revealed that 72% of corporative executives believe there is a direct connection between gender diversity and improved financial success. – McKinsey
- The number of American women earning advanced degrees has now surpassed the number of men for the first time in U.S. history. Additionally, women have earned more undergraduate degrees than men since 1996. – U.S. Census Bureau
- According to Accenture’s 2016 Getting to Equal report, there is evidence that formal learning programs can speed up career growth for women. Accenture’s research also revealed a connection between having taken a leadership development course and the desire for a top job.
We have all heard about the importance of workplace "belonging," "diversity" and "inclusivity," but unfortunately those terms are frequently used interchangeably. However, they aren't actually the same thing. https://t.co/7wQl1Mcw1W
— The WICT Network (@wicthq) April 20, 2020
Many analysts and engineers don't notice the absence of female data; "It just hasn't occurred to them that the male data won't suffice, and that male data doesn't represent human data."https://t.co/7UjMMnmzTt
— The WICT Network (@wicthq) April 9, 2020
Businesses and nonprofits that actively support gender equality tend to make better business decisions – and ultimately make more money. Research shows that inclusive teams make better business decisions up to 87% of the time. https://t.co/c3MMnjWSmy
— The WICT Network (@wicthq) April 6, 2020
Within the first 24 months of appointing female CFOs, companies saw a 6% increase in profits and an 8% better stock return, on average. Female CFOs also had about twice as many female directors reporting in to them. https://t.co/kSOlpmL8ty
— The WICT Network (@wicthq) November 15, 2019
"By keeping women out of the highest echelons of business, we’re losing out on 50 percent of the possible brainpower. With 100 percent of our available brainpower working for us, just imagine what we could accomplish." https://t.co/Fl5S6GpD3C
— The WICT Network (@wicthq) November 14, 2019
Inclusive Founding Teams Have Greater Success in Fundraising and Innovation: https://t.co/8BsCy31162
— The WICT Network (@wicthq) November 8, 2019
Implementing these tactics can help boost more women into the ranks of leadership: https://t.co/i0133iCOSc
— The WICT Network (@wicthq) July 3, 2019
D&I efforts should consider an intersectional approach: "True diversity & inclusion can only be celebrated when all women experience equal access to opportunities to get equal pay & recognition for their work." https://t.co/rjSYl2sipP
— The WICT Network (@wicthq) July 2, 2019
Not all diversity and inclusion initiatives are created equally. Some are a huge waste of time, and others are so simple you wish you would have done them sooner. https://t.co/vNcLESCB6F
— The WICT Network (@wicthq) November 26, 2018
Accenture: Women’s Research
Women throughout the world tackle a variety of issues to succeed in the workplace. Accenture has conducted a number of research studies that reveal what’s important to women and their careers. Visit Accenture to review their findings.
“Not in my lifetime have I seen so much attention given to women’s empowerment and workplace equity. This is a dialog WICT has been touting for many, many years. Because honestly, the data speaks for itself. Women in business mean business.” – @brennan_mar, WICT President & CEO
— The WICT Network (@wicthq) October 9, 2018
There’s a strong body of research suggesting that women feel just as confident in their abilities and leadership skills as their male peers. https://t.co/zCVoVw4eYv
— The WICT Network (@wicthq) September 24, 2018