Four factors -- bias, work-life issues, lack of support and isolation -- may influence turnover rates among women in the business world, according to a NEW report. "Having a culture where conscious inclusion is embedded in it each and every day, each and every week, each and every month in every single email and every single meeting -- that's the key to success," said Sarah Alter, president and CEO of NEW.
A new study from Melinda Gates' nonprofit Pivotal Ventures and McKinsey indicates that the tech sector must work harder to get more minority women involved with tech. Twelve tech companies involved in the study have formed the Reboot Representation Tech Coalition with the goal of getting more minority women to pursue computer science degrees.
Data show 879 CEOs have left this year, 152 of them female and 727 male. There have been 716 replacements identified, with 161 of them female, which Challenger, Gray & Christmas says means representation is improving.
More than half of the US population is female, yet women receive only a small percentage of total venture capital dollars. Some female business founders have seized opportunity by starting companies that focus on neglected areas of the market.
The earnings gap between men and women has fallen, partly because men's earnings fell by 5%, after adjusting for inflation, between 1973 and 2017. Meanwhile, average earnings for women have climbed about $500 since 2010, data show.
Longer maternity leaves lead to unintentional negative career outcomes for women in terms of promotion, pay and leadership, a study in the Journal of Applied Psychology finds. The study says letters of recommendation and "keep in touch" programs can mitigate the effects.
Being politically savvy in the office is beneficial to one's career, but current research shows women and racial minorities are more naive to this, compared with white males. Studies point to minority groups not feeling they fit in with current office culture, or they have not learned the necessary soft skills to engage in office politics.
It might take decades to reach gender parity among startup founders and investment positions in venture capital firms, but women are making some progress. Roughly 16% of investment positions at venture capital firms are now held by women.
Women and men who want better insight into their emotional intelligence to leverage their strengths in the workplace and push their career forward are invited to the NEW Career Booster workshop, Oct. 18 in Chicago. The event includes an EQ assessment, keynote by Kellogg President, US Specialty Channels Wendy Davidson, and a discussion with IRI President Americas Piyush Chaudhari and SVP Omnichannel Media Jennifer Pelino. Open to all; register online before Oct. 4.