A Despite the fact that companies with greater gender diversity tend to experience more benefits, only 5% opt for female leadership in their companies. According to recent studies , that number is even declining and has been since 2017. They also indicated that for every 10% increase in workplace diversity, pre-tax earnings increase by 0.8%. It is important to increase female leadership in your company.
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So why aren't more companies becoming more diverse, especially in management positions?
Habits are difficult to change and even more bad ones, but progress is being seen. Companies cannot change overnight and need to learn how to attract and retain female leaders and nurture their talent.
That's why we tell you 6 ways to increase the female leadership in your company
Diversity initiatives as one of the ways to increase female leadership in your company
It is necessary that all members of the company make a conscious effort to find, hire and provide opportunities for female talent.
Most goals fail due to lack of importance, so make diversity a priority by creating company plans and goals and incorporating them into your business plan.
Then, take steps to ensure its sustainability by enforcing those goals with positive actions, increasing female leadership in your company.
Increase the visibility of goals and plans
It is much more difficult to enforce and develop objectives if no one knows about them, you cannot boast of the success of diversity in your company if your practices are not transparent to employees.
Post the reports on your company's blog or social media, or make the goals public, for example. This will keep your company in the spotlight and motivated to persist in incorporating diversity.
Ask your employees and find out their opinion as one of the ways to increase female leadership in your company
Employees are the last resort to discover where a company's strengths and weaknesses lie.
You must work within the community and they can provide unique and truly insightful information that an outsider cannot. Asking your employees for feedback also helps make female leaders more visible and demonstrates an interest and commitment to the happiness and prosperity of employees within the company.
Renew policies and procedures
If you still don't have female representation within the leadership echelons of your company, then it's time to reassess.
This doesn't mean you should scrap policies and procedures overnight and rebuild from scratch, however, you should review which procedures need an overhaul and if they're holding back employees.
Then establish new procedures that benefit everyone in the company, not just a group, this will help retain and attract new talent.
Incorporate mentoring as one of the ways to increase female leadership in your company
Mentoring is key to determining which employees have high potential for both promotions and leadership roles.
Pairing up-and-coming female employees with more senior members of the company, so that both can benefit from each other's shared knowledge, creates an environment that is inclusive and encourages others to seek further education and advancement.
Mentoring provides a path directly into leadership roles while also complementing training.
Recognize and rectify biases as one of the ways to increase female leadership in your company
Bias tends to be the number one barrier between women and the leadership roles they've earned, with men typically receiving more accolades, promotions, and raises than women, regardless of the industry they work in.
Recognizing women and equality is essential, creating a work environment that does not reward prejudice and encourages female leadership.
Focus on implementing ongoing strategies that combat bias in the workplace, and more opportunities for female leadership roles may arise as a result.
In conclusion…
To improve and increase female leadership in your company, it is essential that you analyze why you still do not have a woman in any management position.
From there, it is important to establish an action plan and always bet on diversity and inclusion, not only for female leadership but in general. A diverse staff can bring more and be more open-minded about many things.
At Hirint we help companies to recruit in a more diverse way, thanks to the fact that our software does not know gender, race or age. Increase diversity in your company with Hirint, book a meeting with us HERE