There is a positive correlation between the presence of women in corporate leadership and a company’s performance “in a magnitude that is not small,” according to a new study from the Peterson Institute for International Economics. The study, which looked at over 21,000 companies in 91 countries, found that greater overall diversity has an impact on the bottom line.
100% Talent Signatories Bank of America and Microsoft Make Top Quartile of LedBetter Index. The LedBetter Gender Equality Index — named in homage to Lilly Ledbetter, namesake of the Fair Pay Act – lays bare the gender ratio at the top of 230 companies that own nearly 2,000 of the world’s most popular consumer brands. The average score? It’s 20.9, indicating female representation at the board and C-suite level of these companies averages 20.9%.
Working Mother reports that 25 American companies have been honored as the best companies for multicultural women work in terms of hiring, retention, networking, mentoring and promotion. The bad news is that only 4 percent of corporate executives at these companies are multicultural women – the same rate as in 2009.
Efforts to diversify America’s corporate boards with more minorities and women are still lagging.
Social psychologists at Yale School of Management recently investigated how people evaluate women who make mistakes in traditionally male occupations. The team concluded that people find it easier to accept a poor decision when it’s made by a leader in a “gender-appropriate” role, and leaders are more severely judged when they make mistakes in the other gender’s territory.
In research involving virtually every top executive in Sweden, Matti Keloharju and colleagues document what many already believe: women get fewer opportunities at top positions and lower pay when they get those positions. But just what is causing this gender gap is not so clear.
PayScale has teamed up with career and finance experts to answer your questions about salary negotiation. They give you the data and break everything down into three easy steps – Research, Strategize, Negotiate – so that you can prepare yourself for salary success.