8th March 2016: International Women's Day. Why this matters to everyone, men, women and children.
The World Economic Forum in its Global Gender Gap Report 2015 estimates that it will take until 117 years to achieve global gender parity in the workplace. One hundred and seventeen years until companies and governments are equally led by men and women.
If businesses want to build high-performing teams, they need to make employees feel more included at work.
They need to value and encourage in their leadership and in their teams :
Empowerment - developing and nurturing your teams
Accountability - demonstrate your confidence in your teams by giving them responsibility for their performance
Humility - accepting mistakes, learning from criticism and seeking contribution from your peers and team
Courage - putting personal interests aside to acheive what needs to be done, acting on convictions and principles even if requiring personal risk taking
More equality will bring:
- higher GDP
- more productivity
- better share price and financial performance by a more gender balanced board
- better all-round performance by a more gender-balanced leadership
- more prosperity with more women political leaders
Act today with leaders across the world and pledge what you are going to do, to take action as a champion of gender parity.
Gender equity drives better business results. Research shows that teams where both men and women are engaged in leadership and execution in a balanced manner deliver higher quality and stronger financial results. Studies by the London Business School, the Corporate Leadership Council and Catalyst found that gender-balanced teams tend to be more innovative and collaborative, and that companies with a higher proportion of women on their leadership teams show better financial performance.