After years of asking corporate directors about the importance of diversity in the boardroom, we’ve got some good news: the vast majority see value in including more women and minorities. Nearly 95% of directors agree that diversity brings unique perspectives to the boardroom, while 84% believe it enhances board performance, according to our 2018 Annual Corporate Directors Survey.
Women of color are a force in the U.S. economy. They are projected to make up the majority of all women by 2060, which means they’ll also likely become the majority of the U.S. workforce. They also generate $1 trillion as consumers and $361 billion in revenue as entrepreneurs, launching companies at 4x the rate of all woman-owned businesses.
The workplace still doesn’t work for women. Issues like the lack of federal paid family leave, flexible work schedules, equal pay and affordable childcare make it harder for women to advance at work. Female business leaders can pave the way for workplace equality for their own employees and inspire corporations of all sizes to do the same.
Landing an executive leadership role at a major company often requires making connections with the right people. Graduate students seeking high-ranking corporate jobs are encouraged to build a network of diverse and influential contacts, and avoid cliques.
That advice often works — for men. After all, the leaders of corporate America are overwhelmingly men: Women make up fewer than 5 percent of Fortune 500 CEOs and fewer than a quarter of Fortune 500 board members.
That women should take on the bulk of domestic responsibilities is still a widespread belief. Married American mothers spend almost twice as much time on housework and child care than do married fathers. Although American mothers—including those with young children—are far more likely to be working now than in past decades, they spend more time on child care today than did moms in the 1960s.
Americans see summer as a carefree time for children, but for working parents, finding summer child care can be a logistical and financial headache. Care is expensive and hard to find, forcing parents to make difficult trade-offs between work and family life.
Nearly every large U.S. company has publicly stated its commitment to diversity. Hundreds have signed pledges to achieve gender parity, close the gender pay gap, and make a larger effort to hire black and Latino workers.
And still, executive ranks and upper management remain persistently, stubbornly white and male—even more so than they were a few years ago. What gives?
The WNY Women’s Foundation (WNYWF) has launched the ALL IN community initiative. This initiative addresses the disparity of women in leadership roles throughout the WNY region and beyond – and what our communities lose as a result.
Across the social sector, we have seen growing interest in bringing a gender lens to social change—from foundations and nonprofits aligning to the Sustainable Development Goals to businesses looking to create shared value. As organizations deepen their gender-related programming and companies invest in gender equity, there is one question that is inevitably raised: how do we measure that?
From the Golden Globes to this week’s World Economic Forum in Davos, the topic on every group of leaders’ agenda is “women.” Thanks to movements like #MeToo and #TimesUp, and given the prospect of a record number of women running for office, women’s voices are being heard like never before.