Women and men enter the workforce at the same rate, but as women climb the corporate ladder the percent of women in leadership positions drops significantly, according to the 2018 Women in the Workplace report. Paradigm for Parity® coalition companies are working to prioritize diversity as they hire and promote employees. Executives from Bloomberg LP, Ingersoll Rand and Willis Towers Watson share the steps they are taking to get more women into leadership positions.
Unconscious bias can create barriers that greatly impact women in the workplace. That’s why the first step in the Paradigm for Parity® coalition 5-Point Action Plan encourages companies to minimize or eliminate unconscious bias. AEP, Eastman and Juniper Networks are three companies that are working to help employees understand and address their own biases.
The research is clear — companies that are diverse perform better. A 2018 McKinsey study shows that companies in the top quartile for gender diversity on executive teams were 21 percent more likely to experience above-average profitability than other companies.
The Paradigm for Parity® 5-Point Action Plan is comprised of actionable steps that companies can take to achieve gender parity in corporate leadership by 2030. Our 92 committed companies are using the action plan to design programs and practices within their own companies to close the gender gap. Edison International, Heidrick & Struggles and VF Corporation are making meaningful changes within their companies to increase the number of women in leadership positions.
A critical step to closing the gender gap in corporate leadership is setting measurable goals and communicating about progress. Since the Paradigm for Parity® coalition launched two years ago, our 92 companies are putting our 5-Point Action Plan into practice and they are seeing the results. Leaders from three coalition companies — Accenture, Sodexo and UTC — are sharing the goals that they’ve set and how they are working to achieve them.
Although women in the United States make up close to half (47%) of the total labor force, they still only represent 21% of corporate leadership roles in the U.S. The Paradigm for Parity® coalition was created to thoughtfully address this imbalance and help companies advance more women to leadership positions.
by Maryann Bruce, October 29, 2018
Originally appeared on Visier.com
When I think about women’s leadership, several big words come to mind–empowerment, leadership, parity–but I keep coming back to smaller words. In fact, it’s a string of two-letter words that, together, make a BIG impact: If it is to be, it is up to me.
By Sandra Beach Lin, Jewelle Bickford and Ellen Kullman, Paradigm for Parity ® Co-chairs
On August 26th we celebrate the 98th anniversary of the ratification of the 19th Amendment that granted women the right to vote! We remember the women who would not be denied. Because of their persistence, generations of women were given the opportunity to participate in our democracy. But as history has shown, despite having made great strides, women have a long way to go to achieve true equality.
by Jewelle Bickford, Paradigm for Parity Co-chair
As we observe this year’s Pay Equity Day, we are faced with the stark and sobering reality that many women had to work approximately four months into 2018 to make the same amount as men earned in 2017.