Last year, 38.3% of newly appointed directors at Fortune 500 businesses were women, according to Heidrick & Struggles. That was the highest proportion since Heidrick & Struggles began monitoring the data in 2009, but the firm says there won't be gender parity among new directors until 2025.
While some may believe having a second job is a signal of financial hardship, Forté Foundation leader Elissa Sangster writes that a good side hustle "can let you pursue a private dream, take a mental breather, build up a war chest, get used to juggling priorities, learn skills that actually help you in your primary job, or take risks that aren't possible in your full-time job."
Indra Nooyi will step down from the CEO role at PepsiCo in October after 12 years in the position, and she will be succeeded by current President Ramon Laguarta. "This company has been my life for nearly a quarter century, and part of my heart will always remain here," she said. "But I am proud of all we've done to position PepsiCo for success."
Female CEOs say they have learned valuable lessons in their careers about embracing authenticity, claiming ownership of their ideas and speaking up at work. "I found that I didn't have to be the loudest voice at the table to share my opinion and have it taken seriously," notes Beth Gerstein, co-CEO of Brilliant Earth.
Black women make 21% less than white women do and 38% less than white men do, says research by Lean In, SurveyMonkey and the National Urban League. The research also shows that 30% of nonblack people think racism and sexism affect employees and that 64% of black women have experienced racism and sexism at work.
Company leaders often fail to explain the financial benefits of diversity to the people they lead, which could be sabotaging their efforts to be more inclusive. Seven in 10 respondents to a survey by Phaidon International said diversity is framed as an HR issue as opposed to being a business imperative.
The Marshall Business School at the University of Southern California is believed to be the first major US business school to reach gender parity in its MBA program. This fall, the school reports, 52% of its full-time MBA students will be women, a 20-point increase from last fall.
A survey shows that 46% of new MBA graduates have had offers for jobs that pay $125,000 per year or more. The survey from Training the Street also shows that 28% of graduates have received three or more job offers, up from 22% a year earlier.
Eighty-nine percent of technology companies intend to hire MBA graduates this year, while 76% of finance and accounting firms have the same intention, according to a new study by the Graduate Management Admission Council. Priya Priyadarshini, senior human resources director at Microsoft, says MBA graduates "bring a diverse set of experiences and perspectives."
Forté Foundation is a consortium of leading multinational corporations,
top business schools in the U.S. and abroad, and the Graduate Management
Admission Council (GMAC). Forté has become a powerful change agent directing
women towards leadership roles in business and enabling corporations to more effectively
reach and retain top female talent. It is the only organization that provides a national
infrastructure for women at all stages of the career continuum to access the information,
scholarship support and networking connections they need to succeed in business careers.
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