The Busy Person’s Guide to the impact of gender equality in business: All the need-to-know info over a coffee or on your commute…
Getting more women to the top of organisations is not simply a case of ethics. It has also been proven to positively impact business growth and performance. Making business human in this way is a win-win approach. We often hear the question being asked, is this a need or a nice-to-have?
At Shine we love encouraging conversations, so with this in mind, we thought we‘d compile a few quick-fire statistics that help demonstrate the impact of gender equality in business.
If you are looking to achieve gender parity in the senior teams of your organisation, learn more right here.
Here are some useful stats to break down what this impact looks like:
Employing more women across all levels (not just manager or C-suite roles) coincides with stronger financial performance. (Goldman Sachs Womanomics Report, 2020)
Having more women in senior roles is associated with stock price outperformance. (Goldman Sachs Womanomics Report, 2020)
Corporations that embrace gender diversity on their executive teams are 21% more likely to experience above-average profitability. (McKinsey Delivering Through Diversity Report, 2018)
Gender-diverse companies have a 27% likelihood of outperforming their peers on longer-term value creation. (McKinsey Delivering Through Diversity Report, 2018)
Having women on the board makes companies more open to change and less risk-averse. (Harvard Business Review Adding Women to the C-Suite Changes How Companies Think Research, 2021)
Companies with an inclusive culture are six times more likely to be innovative. (Deloitte The Diversity & Inclusion Revolution, 2018)
Companies with more diverse management teams have 19% higher revenues due to innovation. (Boston Consulting Group How Diverse Leadership Teams Boost Innovation, 2018)
76% of job-seekers say a diverse workforce is an important factor when evaluating companies and job offers, and nearly a third would not apply for a job at a company where diversity was lacking. (Glassdoor What Job Seekers Really Think About Your D&I Stats, 2021)
Women managers are more likely than male ones to provide the support needed to teams in a post-COVID environment. And they are twice as likely to support D&I efforts. (McKinsey Women in the Workplace 2021 Report, 2021)
Having a high sense of belonging at work can increase performance by 56%, reduce employee turnover by 50% and significantly reduce the number of sick days taken. (Harvard Business Review The Value of Belonging at Work, 2019)
Highly engaged teams are 20% more productive. (Gallup The Right Culture Report, 2017)
There you have it, a quick 5 minute read on your commute that helps demonstrate that achieving true gender parity in business equates to better business results, better culture and a brighter future.
Share this article with your colleagues and the people around you and encourage a healthy discussion. And for anything else, follow us on social media or get in touch via email but remember when women thrive, men thrive, business thrives.
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