Diverse and inclusive workplaces are essential in meeting the needs of today’s diverse clients, communities and other key stakeholders.
Investing in workplace programs that support women is a “win-win” situation since both employees and businesses profit. According to a McKinsey poll, at least one-third of the organizations who participated in these initiatives in emerging and developing nations increased their benefits, and 38% expect earnings.
Gender diversity in senior management and in corporate boards has been linked to favorable outcomes in terms of financial performance and strategic shift, while providing a competitive advantage to a company.
In the last few years, women are found to be earning more bachelor’s degrees than men, and negotiating same rate salaries yet we aren’t seeing more female leaders. Unfortunately, this has to do with businesses still not considering gender diversity to be a priority because they don’t see how it may enhance their bottom line.
Studies also have also shown that closing the gender gap could increase GDP by an average of 35 percent. Yet, women continue to be underrepresented in senior and C-suite positions.
Every year, researches reveal increasing evidences that the co-existence of men and women in the same environment accounts for more creative teams. Not only can organizations fill positions with qualified candidates more quickly by recruiting from different talent pools, but a diverse workforce also enhances their employer brand, which is critical when it comes to attracting top talent.
But it’s not just about hiring women, it is about giving them equal chances for development and promotion.
No business can truly develop if half of the population is left behind!
Article written by Hala Haider – Sales Coordinator, Alpha Data Recruitment