9 strategies for advancing women in today’s workplace
Look around your workplace (or picture it if you’re working from home like many of us these days). If you don’t see a lot of women, your organization is in the minority — and it might not be performing as well as it could be.
Women make up nearly half the workforce in this country. A recent Gallup study found gender-diverse business units have higher average revenue than less diverse business units. Gender-diverse teams also have higher sales and profits than male-dominated teams. Other research has shown Fortune 500 companies with the highest representation of women on boards financially outperform companies with the lowest representation of women on boards.
But the importance of ensuring women are a vital part of your organization goes beyond the profit-and-loss statement. A study by the Center for Creative Leadership found having more women in the workplace actually makes an organization a better place to work. More female talent in an organization creates greater job satisfaction, stronger organizational dedication, less burnout, better retention and higher engagement. And those responses were reported consistently by both men and women, across ages, ethnicities and industries.
You don’t have to work for a Fortune 500 company to reap the benefits of advancing women in your workplace. Here are several strategies companies large and small can implement to help champion women where you work.