Don't Take My Word For It...
- Maryanne McNeill
- Mar 8, 2022
- 1 min read
This may come as a surprise to many men, but women think differently š
And on #InternationalWomensDay itās important to note gender equality in the workplace and in the boardroom = an increase in profitability, performance, and productivity. ššāš©š»āš¼š©š»āš¼.
This diversity can push a company to even greater success.
But donāt take my word for it.
A 2020 Harvard Business Review found female managers fare better during times of crisis; adopt innovative and preventative measures at a faster rate than men and scored higher in motivating employees, taking initiative, developing others, and communicating powerfully.
This research has also shown that women tend to think for the collective whole rather than themselves. Women are shown to make more decisions that support the civic good, provide fair pay and benefits, and encourage honest and ethical behaviour.
In terms of a companyās bottom line š²š°, it is a win/win there as well.
A report commissioned by the Bankwest Curtin Economics Centre (BCEC) and the Workplace Gender Equality Agency (WGEA) found that an increase in the share of female ātop-tierā managers by 10 percentage points or more led to a 6.6 per cent increase in the market value of Australian ASX-listed companies, worth the equivalent of AUD$104.7 million. š²š°
If that is not enough to push companies to #BreakTheBias perhaps the urgency of climate change will. š¦āš„µā š„šæ
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