Why The Most Successful Organizations Have Women And Millennials
Women in leadership, like millennials, are a sign of successful companies. Of the participating organization, those in the top 20% financially had almost twice as many women in leadership roles, as well as more high-potential women holding those roles. Visualize that gap below:
The main issue holding these high-potential women back, it seems, is a lack of opportunities. Women had the edge in development plans and in knowing where they needed to improve, but men had more chances to lead in visible ways: In multinational teams, geographically dispersed groups, and in international assignments. These missed chances to shine mean that women, on average, get fewer shots at big projects and promotions.
“To improve business outcomes, bolster current development programs so that all leaders, including women and millennials, can improve their skills,” study coauthor Evan Sinar, Ph.D. said in a press release. “Development opportunities build confidence. Provide opportunities for stretch assignments, ensure formal practices are in place to facilitate those opportunities and fully commit your support to mentoring programs to develop and prepare new leaders.”
From the study, the takeaway from all of this number-crunching:
- These gaps are worth noting and addressing. Encouraging gender diversity in your leadership pool means greater diversity of thought, which, in turn, leads to improved problem solving and greater business benefits.